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The year 1968 was eventful across a number of fronts. The moon was orbited for the first time and the Boeing 747 saw the light of day. Dr Martin Luther King and Senator Robert Kennedy were tragically assassinated. But in terms of America’s economic power, why is the year significant?
1305 – Scottish resistance leader William Wallace is captured by the English near Glasgow and sent to London where he is put on trial and executed. 1861 – During the American Civil War, to help pay for the war effort, the United States government levies the first income tax – 3% of all incomes over…
