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Income Taxes in America. The first income tax was created in 1861 during the Civil War as a mechanism to finance the war effort. In addition, Congress passed the Internal Revenue Act in 1862 which created the Bureau of Internal Revenue, an eventual predecessor to the IRS.
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Feudalism shaped the social structure of the Middle Ages. Under the feudal system, there was a strict social hierarchy. Clothing was a way to display which social class a person represented. Nobles, including lords and ladies, often were dressed in rich colored clothing, sometimes even with golden thread. Dying clothes was expensive at the time; therefore, only the wealthy could afford to have clothing made with vibrant clothes. Peasants wore undyed clothes in browns and grays mostly for two reasons. They were inexpensive, and because they worked the land, dirt was less predominant and they were easier to clean.
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New technologies and methods, such as improved fertilization and crop rotation, greatly increased food production.
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This increased agricultural efficiency meant that less people were needed to work on farms and more could seek employment in growing urban industries
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The economic history of the United States is about characteristics of and important
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t ... Despite these good economic conditions, many traders complained of the high ... at Pleasure: Continental Army Administration and American Political Culture, ... to the economic consequences of their issue: 1862–65 (1903)
Vice President , speaker of the HOR(house of representatives), then the president pro tempore of the Senate
