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Greenbacks
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- 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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A. paper currency used by the Confederacy during the Civil War. B. commodity money used by the Union during the Civil War. C. privately issued currency used by the Union during the Civil War. D. copper coins used by the Confederacy during the Civil War.
- finance civil war Flashcards
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- finance civil war Flashcards
Printing money was the main method the Union government used to finance the Civil War (1861-65), and as a result the money supply in the North rose by about a factor of 4.
Study with Quizlet and memorize flashcards containing terms like Why was the war so expensive for the North and South?, What did both the north and south do to try to pay for the war?, Before the civil war, what was used for money? and more.
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.
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.95bGreenbacks, such as this $5 bill issued in March 1863, were a form of legal tender paper money created by the Union government to help finance the Civil War.
On the eve of the Civil War, the USA’s circulating currency consisted largely of $200 million worth of bank notes issued by more than 1,500 state banks. This system of independent issuers of money had its flaws, but it had been capable of handling the country’s financial needs.
