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Greenbacks
- Greenbacks were emergency paper currency issued by the United States during the American Civil War that were printed in green on the back. They were in two forms: Demand Notes, issued in 1861–1862, and United States Notes, issued in 1862–1865.
en.wikipedia.org/wiki/Greenback_(1860s_money)
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Greenback movement, (c. 1868–88), in U.S. history, the campaign, largely by persons with agrarian interests, to maintain or increase the amount of paper money in circulation. Between 1862 and 1865, the U.S. government issued more than $450,000,000 in paper money not backed by gold (greenbacks) to.
- The Editors of Encyclopaedia Britannica
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]
ValueYearObligationFr.$11862SecondFr.16c$21862SecondFr.41$51862FirstFr.61a$101863FirstFr.95b- What Was The Confederate Dollar (CSD)?
- Understanding The Confederate Dollar
- Confederate Notes
- The Confederate Dollar’S (Csd’S) Demise
- Confederate Dollar FAQs
The Confederate dollar (CSD), issued in 1861, was the legal tender used by the eleven states that comprised the Confederate States of America during the U.S. Civil War. The Confederate States of America, also known as the Confederacy, used Confederate dollars to help fund the war against the Union. At the time the Civil War broke out, early in 1861...
The Confederate dollar, short for the Confederate States of America dollar, was the currency issued by the Confederate States of America. The notes began to be circulated before the start of the American Civil War and were used to finance the war. It is informally referred to as a "Greyback," named for the grey color of the typical uniform of the C...
The Confederacy had limited numbers of trained printers and lithographers, and most of the printing equipment on the continent was in the northern (Union) states. This lack of printing equipment led the Confederate government to create a hodgepodge of bills with varying degrees of quality. The first four printings of Confederate notes were issued i...
Both Federal and Confederate governments thought the war would be a short effort, with their forces easily defeating the opposition. As the war persisted and Confederate losses mounted, the Confederacy needed more war funds and continued to print currency. As with any money, the continued production of banknotes without backing will create severe i...
How Much Is a $1,000 Confederate Bill Worth?
The $1,000 note was only issued in 1861 and was the highest denomination issued by the Confederate government. Genuine $1,000 notes were printed on high-quality banknote paper with red silk fibers. These notes feature images of John C. Calhoun on the left and Andrew Jackson on the right, and the colors are black and green on white linen paper. The original notes were signed by hand by Alex B. Clitherall, Register, and E.C. Elmore, Treasurer of the Confederate States of America. Only 607 of th...
Are Confederate Dollars Worth Any Money?
When the Confederacy was disbanded as a political entity following the end of the Civil War, the currency lost all existing value as a medium of exchange. Confederate dollars are not accepted as legal tender anywhere. However, for collectors and dealers of obsolete currency, Confederate dollars are valuable as collectible items.
Where Can I Buy a Confederate Dollar?
Certain websites exist, including CSAnotes.com, solely for the purpose of buying and selling Confederate notes from the Civil War era.
Civil War Currency. Confederate States of America, 10 dollars, 1864 ; Recto. During the early days of the Civil War, the U.S. Treasury issued ‘Demand Notes’ in denominations of fives, tens, and twenties.
During the Civil War, the government introduced "greenbacks," the first national paper currency. Private banknotes and gold and silver coins continued to circulate, creating a confusing plethora of monies.
It was during the Civil War that the federal government began to issue a sufficient quantity of paper money that was reliably backed by gold or silver, not subject to discounting when spent, and not easily counterfeited.
To meet the government's financial needs during the Civil War, President Lincoln and Treasury Secretary Salmon P. Chase borrowed from foreign governments and American citizens, instituted the country's first general income tax, and printed paper money—so-called "Greenbacks."
