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It jumped so they could do WWI. You know, the war to end all wars. They had to take the money from someone, didn't they. So, they took it from the slaves citizens.
Lincoln imposed temporary income tax during the Civil War
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He had to steal the money for the war somehow!! That was also when gold was money.
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Civil war green backs
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They were supposedly exchangeable for gold at the going rate of $20 per ounce.
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