In defense of Broncho Bamma, Lincoln was working with gold backed Dollars. Bamma is working with fiat dollars backed by ....go...sil....platn....bras... nothing. not a damn thing.
thank you Woodrow Wilson.
It is amazing to go back and look at a US budget then. Only a couple or three expenditure items.....the overwhelming largest was Defense.......mostly NIL for welfare....we’ve come a long way, baby!
True......using the calculator at:
http://www.measuringworth.com/uscompare/relativevalue.php
The economic value of an 1862 dollar is $2,610 in 2011