What did the greenback Party stand for?
The Greenback Party would be an alliance of organized labor and reform-minded farmers intent on toppling the political hegemony of the industrial- and banking-oriented Republican Party which ruled the North during the Reconstruction period.
What is the greenback movement?
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.
Why did farmers want greenback?
During the Civil War the government printed paper money called greenbacks, and it was not pegged to gold for its value. … Debtors, such as farmers, advocated for a continuance of the use of greenbacks because it contributed to rising prices for their goods and helped them pay their debts.
What was the Greenback Party quizlet?
The Greenback party (also called the National Greenback party) was organized in 1876 to campaign for expansion of the supply of paper money—"greenbacks"—first issued by the federal government in 1862 to help pay for the Civil War.
When did Greenback Labor Party form?
1874 Greenback Party/Founded
Who did the greenback party support?
Greenbacks contended that such a system favored creditors and industry to the detriment of farmers and laborers. In 1880, the Greenback Party broadened its platform to include support for an income tax, an eight-hour day, and allowing women the right to vote.
Where does the term greenback come from?
A greenback is a slang term for U.S. paper dollars that originated from the backs of the bills being printed in green ink. In the mid-1800s, the Continental Congress did not have taxing authority.
Who founded the Greenback Labor Party?
James Weaver However, the party did send 15 representatives to Congress. In 1878 members of the Greenback Party joined with urban trade union groups to establish the Greenback Labor Party. James Weaver emerged as leader of the party and was its presidential candidate in 1880.