Greenback Party

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Greenback Party

(Historical Terms) history US a political party formed after the Civil War advocating the use of fiat money and opposing the reduction of paper currency

ˈGreenˌbacker n

ˈGreenˌbackism n

Collins English Dictionary – Complete and Unabridged, 12th Edition 2014 © HarperCollins Publishers 1991, 1994, 1998, 2000, 2003, 2006, 2007, 2009, 2011, 2014

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Noun

Greenback Party - a former political party in the United States; organized in 1874; opposed any reduction in the amount of paper money in circulation

party, political party - an organization to gain political power; "in 1992 Perot tried to organize a third party at the national level"

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References in periodicals archive ?

The Americans' outlook was shaped by the agrarian politics of America's Great Plains in the late nineteenth century: Greenbackism, the Free Silver movement, and the Non-Partisan League.

Five immigrant waves: their ideological orientations and partisan reverberations

See also Elizabeth Sanders, Roots of Reform: Farmers, Workers and the American State, 1877-1914 (Chicago 1999), 30-52 and 102-47 to see how the Farmers' Alliance was a successor to Greenbackism in republican lore.

"Severing the connections in a complex community": the grange, the patrons of industry and the construction/ contestation of a late 19th-century agrarian identity in Ontario

But those who held that opinion generally opposed an unconstrained fiat money regime (termed "greenbackism") for being likely to lead to high inflation as well as rapid exchange rate depreciation.