THIS WEEK IN HISTORY - July 1861: The first paper money payable on demand, whose color gives our bills the nickname "greenbacks," is issued by the U.S. government.
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On July 1, 1862 - President Abraham Lincoln signed the first income tax bill, levying a 3% income tax on annual incomes of $600-$10,000 and 5% tax on incomes over $10,000. Also on this day, the Bureau of Internal Revenue was established by Congress.
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THIS WEEK IN HISTORY - On June 29, 1995, the American space shuttle Atlantis docks with the Russian space station Mir to form the largest man-made satellite ever to orbit the Earth.
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On May 20, 1862, President Abraham Lincoln signed the Homestead Act, which opens government-owned land to small family farmers.
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On May 1,1931, President Herbert Hoover officially dedicates New York City's Empire State Building.
Don't forget to come by and visit us at Keels & Wheels Concours D'Elegance on May 6th or 7th. Call us for details!
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April 25, 1954 - Bell labs announces the 1st Solar Battery made from silicon. It has about 6% efficiency. Today, solar cells in calculators and satellites can convert over 25% of the sunlight that hits them into useful energy.
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Investors were forced to navigate a tricky first quarter of 2023, having to contend with corporate earnings, shifting monetary signals, and troubles in the banking sector. https://t.co/rndmZwh4I6