greenbacks
(noun)
Paper currency issued by the U.S. government during the Civil War by the Treasury Department.
Examples of greenbacks in the following topics:
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The Government Debt
- It ensured that all public debts, particularly war bonds, would be paid only in gold rather than in greenbacks.
- The United States was already indebted before the war, and the issuing of greenbacks to keep currency circulating during the war increased the indebtedness significantly.
- Boutwell believed that the stabilization of the currency and the reduction of the national debt was more important than risking a depression by withdrawing greenbacks from the economy.
- On his own, with neither the knowledge of President Grant nor other Cabinet members, Boutwell controversially began to release gold from the Treasury and sell government bonds in order to reduce the supply of greenbacks in the economy.
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The Sand-Lot Incident
- Kearney traveled east to popularize his opinions and campaigned with the Massachusetts politician Benjamin Butler , the Greenback Party 's candidate for President .
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Union Finances
- The Greenback bill issued by the United States during the Civil War
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Partisan Politics
- Throughout the nineteenth century, third parties such as the Prohibition Party, Greenback Party and the Populist Party, evolved from widespread antiparty sentiment and a belief that governance should attend to the public good rather than partisan agendas.
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The Election of 1868
- The platform also opposed using greenbacks (paper currency issued by the government during the Civil War) to redeem U.S. bonds, encouraged immigration, endorsed full rights for naturalized citizens, and favored "Radical Reconstruction" as distinct from the more lenient policy of President Johnson.
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Politics in the Gilded Age
- Throughout the nineteenth century, third parties such as the Prohibition Party, Greenback Party, and the Populist Party, evolved from widespread antiparty sentiment and a belief that governance should attend to the public good rather than to partisan agendas.
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The Scurrilous Campaign
- However, even as the Democrats gained support from the Mugwumps, they lost some blue-collar workers to the Greenback-Labor party, led by Benjamin F.