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Wasn't it President Grant who allowed it to happen in exchange for bailing out the country from debt after the Civil War? Woodrow Wilson was responsible for the IRS and Federal Reserve.
Ego should have no place, in the heart of man! Numquam Cedere -Never Surrender ***5 Year Active Duty Veteran- Operation Desert Fox.
Yes and no- Lincoln was approached the the Rothchild family and arranged to borrow money using people as collateral. Grant is the one that followed through on it, once Lincoln was assasinated.
Not that I am an expert, however, it's been my understanding that Lincoln turned down the central bankers and funded the war using the Green Backs. Bankers didn't appreciate it. We all know how that ended.