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The gold standard and the tariff tax on imports divided the major parties. [5] The monetary debate was over the basis for the value of the United States dollar. Nothing but gold and silver coin had ever been legal tender in the United States until the Civil War, when the mounting costs of the war forced the United States Congress to issue "greenbacks" (dollar bills backed by government bonds). [6]
The Greenback Party (known successively as the Independent Party, the National Independent Party and the Greenback Labor Party) was an American political party with an anti-monopoly ideology which was active from 1874 to 1889. The party ran candidates in three presidential elections, in 1876, 1880 and 1884, before it faded away.
An 1862 greenback five-dollar bill. The Greenback Party was a newcomer to politics in 1880, having first nominated candidates for national office four years earlier. [1] The party had arisen, mostly in the West and South, as a response to the economic depression that followed the Panic of 1873. [2]
Greenback (1860s money) Greenbacks were emergency paper currency issued by the United States during the American Civil War that were printed in green on the back. [1] They were in two forms: Demand Notes, issued in 1861–1862, [1] and United States Notes, issued in 1862–1865. [2] A form of fiat money, the notes were legal tender for most ...
The plot of "The Riddle of the Sphinx" revolves around the clues and answers to a particular crossword puzzle. The idea to focus an episode on crosswords came from Pemberton; he had long been a fan of cryptic crosswords, but particular inspiration came from Two Girls, One on Each Knee: The Puzzling, Playful World of the Crossword , a non ...
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United States Note. A United States Note, also known as a Legal Tender Note, is a type of paper money that was issued from 1862 to 1971 in the United States. Having been current for 109 years, they were issued for longer than any other form of U.S. paper money other than the currently issued Federal Reserve Note.
Top row: The distinctive green ink used on the backs of Demand Notes gave rise to the term "greenbacks" Bottom row: Prominent design elements used on the front of $5 and $20 Demand Notes (located respectively under their denomination); pictured in the middle is the front of a $10 Demand Note with prominent design elements listed