Part 1 of a series on historical events that are widely overrated in aspects of their impact and yet actually underrated and deeply misunderstood. President Abraham Lincoln 's landmark Emancipation Proclamation is known popularly as what "freed the slaves," but its story is far more complex. Skeptics correctly point out that it did very little to change the legal and actual status of slaves anywhere in America at that time, but I break it down here for the brilliant practical strike at the institution of slavery that it was. Honest Abe for the win, and within the limits of his Constitutional Power to boot.