The U.S. Congress approves legislation to pay for the war, including the first-ever personal income tax.
Tag: William P. Fessenden
Compensated Emancipation and the Hampton Roads Fallout
February 10, 1865 – President Abraham Lincoln unveiled a new plan for slave emancipation, and members of Congress demanded to know what happened at Hampton Roads.
The Resignation of Salmon P. Chase
June 30, 1864 – Treasury Secretary Salmon P. Chase submitted his fourth letter of resignation, but this time President Abraham Lincoln surprised him by accepting.