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- Dictionarygreenback/ˈɡriːnbak/
noun
- 1. a dollar bill; a dollar: informal US "he's worth a boatload of greenbacks"
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Jun 19, 2022 · A greenback is a slang term for U.S. paper dollars. The term originated during the mid-1860s, when these notes were printed in green ink. Congress had limited taxing authority, and used...
noun [ C ] MONEY US informal / ˈɡriːnbæk / uk us. Add to word list Add to word list. the American dollar, as referred to in relation to currency trading: Economic growth will affect the global demand for greenbacks. The new currency has lost around 10% of its value against the greenback.
Dec 2, 2023 · One such term that holds great significance in the realm of money and currency is the greenback. In this blog post, we will delve into the definition, origin, and history of the greenback, shedding light on its importance and impact.
Jan 8, 2024 · The Greenback is the official currency of the United States. It was first introduced during the Civil War as a means to finance the war effort. The Greenback is a fiat currency, meaning its value is not backed by a physical commodity. It has legal tender status, which means it must be accepted as a form of payment.
noun. green· back ˈgrēn-ˌbak. Synonyms of greenback. : a legal-tender note issued by the U.S. government. Synonyms. banknote. bill. note. See all Synonyms & Antonyms in Thesaurus. Examples of greenback in a Sentence. she threw a few greenbacks on the counter to pay for the drinks.
May 21, 2018 · Greenbacks were the paper money printed and issued by the U.S. government during the American Civil War (1861 – 65). The financial demands of the war quickly depleted the nation's supply of specie (gold and silver).
Mar 16, 2021 · What is a Greenback? Greenback is a slang term for the U.S. dollar. This name is derived from the green color of U.S. paper currency.
May 17, 2018 · greenback, in U.S. history, legal tender notes unsecured by specie (coin). In 1862, under the exigencies of the Civil War [1], the U.S. government first issued legal tender notes (popularly called greenbacks) that were placed on a par with notes backed by specie.
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.
Jan 11, 2020 · Greenbacks were the bills printed as paper currency by the United States government during the Civil War. They were given that name, of course, because the bills were printed with green ink. The printing of money by the government was seen as a wartime necessity prompted by the great costs of the conflict and it was a controversial choice.
