American Business History
The Emancipation Proclamation was an executive order issued by President Abraham Lincoln on January 1, 1863, declaring the freedom of all enslaved people in Confederate-held territory during the American Civil War. This landmark decision aimed not only to weaken the Confederacy but also to redefine the purpose of the war, aligning it with the fight against slavery. Although it did not immediately free all enslaved people, it paved the way for future legislation and the eventual abolition of slavery in the United States.
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