Abraham Lincoln signs a bill into law establishing the first Federal paper currency in U.S. history–the “U.S. Note.”

Exploring the most important 55 months in American history
Abraham Lincoln signs a bill into law establishing the first Federal paper currency in U.S. history–the “U.S. Note.”
The suspension of specie payments by the leading northern banks plunges the North into a financial crisis as the year ends.
January 12, 1863 – President Jefferson Davis submitted his message on the state of the Confederacy to the Confederate Congress as it assembled for its