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GREENBACKS , a See also: form of See also:paper currency in the See also:United States, so named from the See also:green See also:colour used on the backs of the notes. They are See also:treasury notes, and were first issued by the See also:government in 1862, " as a question of hard See also:necessity," to provide for the expenses of the See also:Civil See also:War. The government, following the example of the See also:banks, had suspended specie See also:payment. The new notes were therefore for the See also:- TIME (0. Eng. Lima, cf. Icel. timi, Swed. timme, hour, Dan. time; from the root also seen in " tide," properly the time of between the flow and ebb of the sea, cf. O. Eng. getidan, to happen, " even-tide," &c.; it is not directly related to Lat. tempus)
- TIME, MEASUREMENT OF
- TIME, STANDARD
time being an inconvertible paper currency, and, since they were made legal See also:tender, were really a form of fiat See also:money. The first See also:act, providing for the issue of notes to the amount of $15o,000,000, was that of the 25th See also:February 1862; the acts of nth See also:July 1862 and 3rd See also:March 1863 each authorized further issues of $150,000,000. The notes soon depreciated in value, and at the lowest were See also:worth only 35 cents on the See also:dollar. The act of 12th See also:April 1866 authorized the retirement of $'o,000,000 of notes within six months and of $4,000,000 per See also:month thereafter; this was discontinued by act of 4th February 1868. On 1st See also:January 1879 specie payment was resumed, and the nominal amount of notes then stood at $346,681,000, which is still outstanding.
The so-called Greenback party (also called the See also:Independent, and the See also:National party) first appeared in a presidential See also:campaign in 1876, when its See also:candidate, See also:- PETER
- PETER (Lat. Petrus from Gr. irfpos, a rock, Ital. Pietro, Piero, Pier, Fr. Pierre, Span. Pedro, Ger. Peter, Russ. Petr)
- PETER (PEDRO)
- PETER, EPISTLES OF
- PETER, ST
Peter See also:- COOPER
- COOPER (or COUPER), THOMAS (c. 1517-1594)
- COOPER, ABRAHAM (1787—1868)
- COOPER, ALEXANDER (d. i66o)
- COOPER, CHARLES HENRY (18o8-1866)
- COOPER, JAMES FENIMORE (1789-1851)
- COOPER, PETER (1791-1883)
- COOPER, SAMUEL (1609-1672)
- COOPER, SIR ASTLEY PASTON (1768-1841)
- COOPER, THOMAS (1759–1840)
- COOPER, THOMAS (1805–1892)
- COOPER, THOMAS SIDNEY (1803–1902)
Cooper, received 81,74o votes. It advocated increasing the See also:volume of greenbacks, forbidding See also:bank issues, and the paying in greenbacks of the See also:principal of all government bonds not expressly payable in See also:coin. In 1878 the party, by various fusions, See also:cast over 1,000,00d votes and elected 14 Congressmen; and in 188o there was See also:fusion with labour reformers and it cast 308,578 votes for its presidential candidate, J. B. See also: Weaver, and elected 8 Congressmen. In 1884 their candidate See also:Benjamin F. See also:- BUTLER
- BUTLER (or BOTELER), SAMUEL (1612–168o)
- BUTLER (through the O. Fr. bouteillier, from the Late Lat. buticularius, buticula, a bottle)
- BUTLER, ALBAN (1710-1773)
- BUTLER, BENJAMIN FRANKLIN (1818-1893)
- BUTLER, CHARLES (1750–1832)
- BUTLER, GEORGE (1774-1853)
- BUTLER, JOSEPH (1692-1752)
- BUTLER, NICHOLAS MURRAY (1862– )
- BUTLER, SAMUEL (1774-1839)
- BUTLER, SAMUEL (1835-1902)
- BUTLER, SIR WILLIAM FRANCIS (1838– )
- BUTLER, WILLIAM ARCHER (1814-1848)
Butler (also the candidate of the See also:Anti-See also:Monopoly party) received 175,370 votes. Subsequently the party went out of existence.
End of Article: GREENBACKS
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