George Washington was the first American president
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Lorraine Hansberry was born at Provident Hospital on the South Side of Chicago on May 19, 1930. She was the youngest of Nannie Perry Hansberry and Carl Augustus Hansberry's four children. Her father founded Lake Street Bank, one of the first banks for blacks in Chicago, and ran a successful real estate business.
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The most important precedent was Washington's final act as president: He stepped down after completing two terms. Pressed to serve a third, he believed that a peaceful transition of power to a newly elected president would be in the nation's best interest.