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Postal rates to 1847. Initial United States postage rates were set by Congress as part of the Postal Service Act signed into law by President George Washington on February 20, 1792. The postal rate varied according to "distance zone", the distance a letter was to be carried from the post office where it entered the mail to its final destination.
The Washington–Franklin Issues are a series of definitive U.S. Postage stamps depicting George Washington and Benjamin Franklin, issued by the U.S. Post Office between 1908 and 1922. The distinctive feature of this issue is that it employs only two engraved heads set in ovals—Washington and Franklin in full profile—and replicates one or ...
The USPS calls these Forever Stamps but the generic name is non-denominated postage. Forever stamps are sold at the First-Class Mail postage rate at the time of purchase, but will always be valid for First-Class Mail, up to 1 ounce (28 g), no matter how rates rise in the future. [184] Britain has had a similar stamp since 1989.
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Charles Ponzi, the namesake of the scheme, in 1920. A Ponzi scheme ( / ˈpɒnzi /, Italian: [ˈpontsi]) is a form of fraud that lures investors and pays profits to earlier investors with funds from more recent investors. [ 1] Named after Italian businessman Charles Ponzi, this type of scheme misleads investors by either falsely suggesting that ...
The Stamp Act 1765, also known as the Duties in American Colonies Act 1765 ( 5 Geo. 3. c. 12), was an Act of the Parliament of Great Britain which imposed a direct tax on the British colonies in America and required that many printed materials in the colonies be produced on stamped paper from London which included an embossed revenue stamp. [ 1 ...
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