greenback

Why Did Farmers Favor Greenbacks?

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Why Did Farmers Favor Greenbacks? The greenback forces, mostly western and southern farmers, reasoned that putting more money into circulation would have an inflationary effect: Farm prices would rise thereby putting more cash in farmers’ pockets and allowing them to pay off their debts. Why did people want greenbacks? During the Civil War, the federal

What Type Of Party Is The Greenback Party?

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What Type Of Party Is The Greenback Party? Greenback Party Dissolved 1889 Succeeded by People’s Party (“Populists”) Union Labor Party Ideology Anti-monopolism Currency reform Labor rights Agrarianism Political position Center-left Is the Greenback Party ideological? The Greenback Party (known successively as the Independent Party, the National Independent Party, and the Greenback Labor Party) was an