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14 Jul 1862 Jahr - Signs "An Act to grant Pensions" (12 Stat 566) that increased pension rates and provided pensions to anyone in military service since 03/04/1861. Also benefitting were their widows and orphans (if death due to military service), or a dependent mother or sister. These pensions eventually become the largest single expenditure of the government (other than interest on the debt)

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14 Jul 1862 Jahr
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~ 163 years ago
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