Abraham LINCOLN
1862 - The Bureau of Internal Revenue, the forerunner of the Internal Revenue Service, is established in the United States. (July 1)

Establishment of the Bureau of Internal Revenue (July 1, 1862): This bureau, which later became the Internal Revenue Service (IRS), was created to collect taxes to help fund the Civil War. It marked the beginning of a more formal and organized system of federal taxation in the U.S.

Pacific Railway Acts Signed into Law: U.S. President Abraham Lincoln signed the Pacific Railway Acts, which authorized the construction of the First Transcontinental Railroad. This legislation facilitated the building of a railway that connected the eastern and western parts of the United States, significantly boosting commerce, communication, and westward expansion.

July 1, 1862

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