History of the United States I / Unit 15 USH1 2137 short lesson, about 20 seconds
Union Finance
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The idea
The Union used income taxes on the wealthy, inheritance taxes, high tariffs, war bonds, and the National Bank Acts of eighteen sixty-three and sixty-four.
In practice
The Legal Tender Act making a hundred and fifty million dollars of greenbacks legal tender.
Where people slip
The northern economy boomed, though inflation resulted there too. Compare entry 2133, where printing was the only answer.
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