The Revenue Act of 1861 was signed into law by Abraham Lincoln, imposing U.S. federal income tax for the first time.
21st June 1919: The German High Seas naval fleet is scuttled at Scapa Flow
21st June 2019
By the start of the 17th century merchants from the Dutch Republic had begun to undertake voyages to the ‘Spice Islands’ of the Indian Ocean.
Antipope John XXIII made the Medici Bank the official bank of the Papacy.
The concept of a lottery, in which lots were drawn to determine a winner, had been around for centuries before Queen Elizabeth I chartered a prize draw to raise money for the “reparation of the havens and strength of the Realme, and towardes such other publique good works”.
On the 8th July 1932, the Dow Jones Industrial Average – a key indicator of the value of America’s biggest companies – fell to its lowest point during the Great Depression that began with the Wall Street Crash.
The economic bubble that is also referred to as the ‘dot-com boom’ was the result of investors speculatively pouring money into the numerous internet companies that were founded in the mid- to late-1990s.
Although the income tax was abolished in 1802, it was reinstated and repealed another two times before being made permanent.
The first traveller’s cheques, in the form of a ‘circular note’ issued by a bank, went on sale in London.
The new currency was backed by land that was used by businesses and agriculture, and was introduced at the rate of one Rentenmark to one trillion Papiermarks.
Alexander Hamilton was made the first United States Secretary of the Treasury by President George Washington.
HistoryPod Extra: The Myth of Gavrilo Princip’s Sandwich
28th June 2015
11th November 1918: WW1 Armistice of Compiègne is signed
11th November 2022
11th November 1918: WW1 Armistice of Compiègne is signed
11th November 2022
9th November 1989: East Germany opens the Berlin Wall
9th November 2019