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U.S. territorial extent in 1860. April 3, 1860 – Pony Express begins. November 6 – 1860 United States presidential election: Abraham Lincoln elected president and Hannibal Hamlin vice president with only 39% of the vote in a four-man race. December 18 – Crittenden Compromise fails. December 20 – President Buchanan fires his cabinet.
History of the United States from the Compromise of 1850: 1877–1896 (1919) online complete; old, factual and heavily political, by winner of Pulitzer Prize; Shannon, Fred A. The farmer's last frontier: agriculture, 1860–1897 (1945) complete text online; Smythe, Ted Curtis; The Gilded Age Press, 1865–1900 Praeger. 2003.
National cash register from the end of the 19th century, National History Museum, Sofia. A cash register, sometimes called a till or automated money handling system, is a mechanical or electronic device for registering and calculating transactions at a point of sale. It is usually attached to a drawer for storing cash and other valuables.
A World History of Tax Rebellions: An Encyclopedia of Tax Rebels, Revolts, and Riots from Antiquity to the Present (2003) excerpt and text search; Doris, Lillian (1963). The American Way in Taxation: Internal Revenue, 1862–1963. Wm. S. Hein. ISBN 978-0-89941-877-3. Ellis, Elmer. "Public Opinion and the Income Tax, 1860-1900."
The first issue amounted to 242 million dollars. This paper money would supposedly be redeemed for state taxes, but the holders were eventually paid off in 1791 at the rate of one cent on the dollar. By 1780, the paper money was "not worth a Continental", as people said, and a second issue of new currency was attempted.
May 31 – Peter Vivian Daniel, Associate Justice of the Supreme Court from 1841 to 1860 (born 1784) June 6 – Henry P. Haun, U.S. Senator from California from 1859 to 1860 (born 1815) July 1 – Charles Goodyear, inventor (born 1800) September 12 – William Walker, filibuster, briefly President of Nicaragua, executed (born 1824)
The rapid expansion of industrialization led to real wage growth of 40% from 1860 to 1890 and spread across the increasing labor force. The average annual wage per industrial worker (including men, women, and children) rose from $380 in 1880 ($11,998 in 2023 dollars [ 1 ] ) to $584 in 1890 ($19,126 in 2023 dollars [ 1 ] ), a gain of 59%. [ 2 ]
The economic history of the world encompasses the development of human economic activity throughout time. It has been estimated that throughout prehistory, the world average GDP per capita was about $158 per annum (inflation adjusted for 2013), and did not rise much until the Industrial Revolution.