Congress passed the first Legal Tender Act, which authorized the issuance of $150 million in United States Notes. The reverse of the notes were printed with green ink, and were thus called “greenbacks” by the public, being considered equivalent to the Demand Notes already known as such.
In January 1863, Lincoln’s Emancipation Proclamation freed the enslaved in Confederate-held territory only. Black men were officially admitted to serve in the Union Army and the United States Colored Troops were organized. Black participation in fighting proved essential to Union victory.
The National Banking Acts of 1863 and 1864 were two United States federal banking acts that established a system of national banks, and created the United States National Banking System. They encouraged development of a national currency backed by bank holdings of U.S. Treasury securities and established the Office of the Comptroller of the Currency as part of the United States Department of the Treasury and a system of nationally chartered banks. The Act shaped today’s national banking system and its support of a uniform U.S. banking policy.
American businessman and industrialist. He was the patriarch of the Bush political family
The Thirteenth Amendment to the United States Constitution abolished slavery and involuntary servitude, except as punishment for a crime. The amendment was passed by Congress on January 31, 1865, and ratified by the required 27 of the then 36 states on December 6, 1865 and proclaimed on December 18.
Granted citizenship and equal civil and legal rights to African Americans and slaves who had been emancipated after the American Civil War, including them under the umbrella phrase “all persons born or naturalized in the United States.
The history begins in 1866, with the foundation of the Anglo-Swiss Condensed Milk Company. Henri Nestlé develops a breakthrough infant food in 1867, and in 1905 the company he founded merges with Anglo-Swiss, to form what is now known as the Nestlé Group. During this period cities grow and railways and steamships bring down commodity costs, spurring international trade in consumer goods.
Mendeleev discovered the periodic table (or Periodic System, as he called it) while attempting to organise the elements in February of 1869
Leland Stanford drove the last spike that marked the completion of the First Transcontinental Railroad.
On November 6, 1869, Rutgers and Princeton played what was billed as the first college football game. However, it wasn’t until the 1880s that a great rugby player from Yale, Walter Camp, pioneered rules changes that slowly transformed rugby into the new game of American Football.