WebGREENBACK MOVEMENTGREENBACK MOVEMENT. To meet the enormous demands of the Civil War, the federal government in 1863 began issuing large quantities (as much as from $300 to $400 million in circulation between 1862 and 1879) of "greenbacks," notes not redeemable for gold. Source for information on Greenback Movement: Dictionary of … Webgreenback: 1 n a piece of paper money (especially one issued by a central bank) Synonyms: Federal Reserve note , bank bill , bank note , banker's bill , banknote , bill , …

Greenback Definition & Meaning Britannica Dictionary

WebGREENBACK meaning: a piece of U.S. paper money Webgreenback: 1 n a piece of paper money (especially one issued by a central bank) Synonyms: Federal Reserve note , bank bill , bank note , banker's bill , banknote , bill , government note , note Types: show 9 types... hide 9 types... silver certificate formerly a bank note issued by the United States Treasury and redeemable in silver c-note , ... siff classes

Greenback - definition of greenback by The Free Dictionary

WebThe value of the greenbacks, which were printed with green ink on one side, fluctuated with the war's progress. In early 1864, when Union prospects were dim, the greenback dollar held a value of under 40 cents; by the end of the war in 1865, it was around 67 cents. The original intention was for the greenbacks to hold the same value as regular ... WebGreenback definition, a U.S. legal-tender note, printed in green on the back since the Civil War, originally issued against the credit of the country and not against gold or silver on deposit. See more. WebMay 21, 2024 · The party believed that by putting more greenbacks into circulation, the U.S. government would make it easier for debts to be paid and prices would go up — resulting … the powerpuff girls rainbow the clown