Government Intervention Within The Market Place

1862 - President Lincoln signed into law a revenue-raising measure to help pay for Civil War expenses. The measure created a Commissioner of Internal Revenue and the nation 's first income tax (Internal Revenue Service, 2013).

The sugar act also known as the revenue act was proclaimed in 1764 by parliament. After the first act was to expire this act was a tax on molasses also. It taxed people six pence per gallon of the imported substance. The goal of the act was to raise revenue to help pay for military costs.

Lorenzo smith Mr. Alvarado P.5 Gilded Age During the Gilded Age America was going through a time of extreme change, advancements, and also conflicts. The gilded age was originally coined by Mark twain who described the times as gilded with gold and fortune but under the surface was filled with unnoticed conflicts. The Gilded Age lasted from 1870-1900 and was a time of rapid economic that created some of the big businesses we know today.

In 1765 the British Parliament issued The Stamp Act which was to be the first internal tax imposed on the colonists. This meant that just about anything made from paper was subjected to being taxed such as legal documents, newspapers, almanacs, playing cards and dice each of

In July 1861, the Congress passed a 3% tax on all personal net income above $600 a year that is equitant to about $10,000 today. However, no revenue was ever raised because a second tax passed before the first was due on June 30, 1862. The war 's demand on resources made the earlier tax ineffective, and

Many paper products were taxed including Newspapers, legal documents books of many kind and even playing dice. The British Parliament imposed the same tax in England, but the English population protested the tax since it was not directly helping most Englanders. Since the tax was not successful in England the Parliament changed its focus to taxing the Colonies to make up their lost revenue in the French and Indian War, and for the defense of the colonies at the Appalachian border. As the English population did, the colonist rebelled against the tax because it was just raising funds, not what is usually expected of a tax. The many other taxes the colonies experienced were to regulate and sustain trade and the economy.

March 22,1765 British Parliament passed a law that taxed things such as printed paper they used, ship's papers, licenses,legal documents,playing cards, newspapers, and many other types of publications.

For instance, the acts that includes taxing. The sugar act, the stamp act, and the townshend acts all included taxing on stuff. For the sugar act which was in 1774, they taxed sugar ,wine,coffee,etc. For the first sugar act the wanted 6 pence for a gallon of whatever you were getting then during the second sugar act they lowered the tax to 3 pence per gallon. Another act was the stamp act in 1765-1766. They taxed books,newspapers ,pamphlets, legal documents,

In 1861, Lincoln levied the first federal income tax by signing the Revenue Act. Needing cash with which to fund the Civil War, Abraham Lincoln and the Congress agreed to impose a 3 percent tax on annual incomes over $800.00. The wording of the Revenue Act was broadly written to define income as a monetary gain derived from any kind of property, or from any specialized trade, employment, or vocation carried on in the United States or elsewhere or from any source whatever. (A&E Television Networks, 2014)

The Whiskey Tax was put in place in 1794, this tax greatly upset the Rural farmers. The government put a tax on domestic and imported alcohol. The tax was put in place to help pay of the the United States debt acquired during the Revolutionary War. The tax was proposed by the Secretary of the Treasury Alexander Hamilton. The Western farmers did not want this tax passed and rebelled, George Washington tried to handle the rebellion in a peaceful way, but in the end used the militia put an end to the rebellion, and by 1802 Thomas Jefferson lifted the tax on whiskey.

The first act to be mentioned is the Sugar Act. Although a tax was placed on sugar (as well as other goods), this act actually lowered the rate of tax on sugar; However, it also caused the taxation of sugar to be more strictly and harshly enforced. The next act to be mentioned is the Quartering Act, which was passed in 1765. Soon after came the Stamp Act which also included a tax on wills, playing cards and any important legal documents.

The first Act was the Stamp Act of 1765. This Act required that the colonists would pay an additional tax on all legal documents purchased, from playing cards to newspapers in an effort to pay off

The Stamp Act of 1765 taxed the colonists and needed them to pay a tax on any piece of printed paper that was used. All the money

Because of the French and Indian war the Stamp Act took place a couple of years later. This was a tax created so the tremendous war debt would be payed off.

The new act was presented as the Stamp Act. We were told that all legal documents, newspapers, parchment, and other items would be taxed. Everything