June 30, 1864 – Treasury Secretary Salmon P. Chase submitted his fourth letter of resignation, but this time President Abraham Lincoln surprised him by accepting.
February 25, 1862 – President Abraham Lincoln signed a bill into law establishing the first Federal paper currency in U.S. history–the “U.S. Note.” By this
December 30, 1861 – The leading banks of New York, Boston, and Philadelphia suspended specie payments (i.e., exchanging paper money for gold or silver) due
December 2, 1861 – The second session of the first Republican-dominated Congress opened amid growing discontent with the way the Lincoln administration was prosecuting the