204 results on '"GREENBACKS (Money)"'
Search Results
2. The fight to dethrone the dollar.
- Subjects
- *
INTERNATIONAL sanctions , *GREENBACKS (Money) , *BANK reserves - Published
- 2024
3. The fight to dethrone the dollar.
- Subjects
- *
GREENBACKS (Money) , *HEGEMONY , *FOREIGN exchange , *ECONOMIC policy , *GEOPOLITICS - Published
- 2024
4. Design of United States Paper Currency.
- Author
-
Straus, Jacob R. and Reese, Shawn
- Subjects
PAPER money ,GREENBACKS (Money) ,BANK note laws ,AMERICAN Civil War, 1861-1865 - Abstract
The article focuses on the U.S. Congressional Research Service's it reports on design and features of U.S. paper currency. It describes the history of paper money in the U.S., it mentions the introduction of greenbacks during the Civil War and the establishment of the Secret Service Division to combat counterfeiting. It discusses the current design of U.S. currency, including the portraits featured on bills, and the three levels of security features to guard against counterfeiting.
- Published
- 2023
5. GREENBACKS, CONSENT, AND UNWRITTEN AMENDMENTS.
- Author
-
Bickers, John M.
- Subjects
- *
GREENBACKS (Money) , *LEGAL tender , *CONSENT (Law) , *METAMORPHOSIS , *CONSTITUTIONAL amendments - Abstract
I remember a German farmer expressing as much in a few words as the whole subject requires: "money is money. and paperis paper. "-All the invention of man cannot make them otherwise. The alchymist may cease his labours. and the hunter after the philosopher's stone go to rest. if paper cannot be metamorphosed into gold and silver, or made to answer the same purpose in all cases. [ABSTRACT FROM AUTHOR]
- Published
- 2020
6. Money of the Civil War.
- Author
-
Julian, R. W.
- Subjects
AMERICAN Civil War, 1861-1865 ,SILVER coins ,GOLD coins ,AMERICAN coins ,GREENBACKS (Money) - Abstract
The article examines the impact of the U.S. Civil War on the nation's monetary system. Topics discussed include the replacement of hard currency, gold and silver with government bank notes called greenbacks after the war, the state of silver and gold coin production before and during the war, and the authorization of the copper-nickel three-cent piece at the very end of the Civil War.
- Published
- 2021
7. Local currency EM bonds are back in the spotlight.
- Author
-
DODDS, LYNN STRONGIN
- Subjects
EMERGING markets ,GREENBACKS (Money) ,FIXED-income securities ,GROSS domestic product - Published
- 2023
8. Messages from `the den of wild beasts': Greenback prices as commentary on the union's prospects.
- Author
-
Guinnane, Timothy W. and Rosen, Harvey S.
- Subjects
- *
AMERICAN Civil War, 1861-1865 , *GREENBACKS (Money) , *ECONOMICS - Abstract
Determines which events of the American Civil War were viewed as turning points by people at the time. Shift in greenback prices depending on people's response to war events; Government's issuing of demand notes to finance the Civil War.
- Published
- 1995
- Full Text
- View/download PDF
9. Repeal of Silver Monetization in the Late Nineteenth Century.
- Author
-
Timberlake, Jr., Richard H.
- Subjects
SILVER coins ,COINAGE ,MONETARY policy ,GREENBACKS (Money) ,MONEY supply - Abstract
The article discusses the repeal of silver monetization in the late nineteenth century in the U.S. The U.S. Congress Repeal Act of 1893 ended the use of silver as a monetary metal and it declined into subsidiary money. The impact of political concepts on monetary policy is also examined. Congressmen believe that money can and should be managed as well as that the stock of money should grow simultaneously as population and trade. Silver was chosen to accomplish this growth because it was cheap enough and respectable in a different manner than greenbacks.
- Published
- 1978
- Full Text
- View/download PDF
10. Money, Equity Values, and Income.
- Author
-
Ciccolo, Jr., John H.
- Subjects
GREENBACKS (Money) ,MONEY ,INCOME ,STOCK prices ,EQUITY (Law) ,MONEY supply - Abstract
The article discusses money, equity values, and income. Monetarist economists claim that autonomous shifts in the supply of money function, or money shocks, can have an impact on money income. Research was done to analyze the direction of influence between money stock, equity values, and economic activity during the interwar and post WWII periods. During the interwar period results showed money stock yields consistent with those of the quantity of money theory. However, it was not decided if stock prices influenced economic activity.
- Published
- 1978
- Full Text
- View/download PDF
11. FRACTIONAL CURRENCY.
- Subjects
FRACTIONAL reserve banking ,POSTAL rates ,CENT ,GREENBACKS (Money) ,PAPER money - Published
- 2021
12. Editorials.
- Subjects
UNITED States politics & government ,POLITICAL development ,REPRESENTATIVE government ,GREENBACKS (Money) ,LEGAL tender ,LOANS - Abstract
The article presents information about various political developments taking place in the U.S. According to a snippet, the result of the elections in Maine and California conveys one or two lessons which; one feels satisfied from what occurred at the Massachusetts Convention, the Republican party will take to heart. The one is the danger of relying too much on party discipline, or even the goodness of the principle on which the party is based and the other is the hanger of importing too much of the Puritan spirit into politics. According to another snippet, it has been said that the law authorizing the issue of legal-tender notes or greenbacks should have been entitled a law for the collection of a forced loan. This is a harsh expression, and if it had been used at the time of the passage of the law it might even have been called disloyal.
- Published
- 1867
13. Correspondence.
- Author
-
H. S., C. H. S., E. G. S., Bonsal, Leigh, Thayer, William R., and Parkman, Francis
- Subjects
LETTERS to the editor ,SPORTS competitions ,GREENBACKS (Money) ,EDUCATIONAL law & legislation ,PERIODICALS - Abstract
Presents letters to the editor related to articles that were published in the previous issues of this journal. Discussion on intercollegiate athletic contests held at Harvard University in Cambridge, Massachusetts; Issues related to the redemption of greenbacks; Need of an action by the U.S. Congress on a small educational bill.
- Published
- 1888
14. Banks & Brakes.
- Subjects
BANKING industry ,GREENBACKS (Money) - Published
- 1936
15. Editorials.
- Subjects
UNITED States politics & government ,UNITED States elections ,POLITICAL movements ,MONEY ,LIABILITIES (Accounting) ,GREENBACKS (Money) - Abstract
The article discusses several issues related to politics in the United States. The most striking feature of the recent elections, as their results become clearer with fuller returns, is seen to be the tremendous revolt against bossism wherever it was in issue. Among the few States where contests took place were four which had each its boss well known to the country at large, and every one of these four bosses encountered a revolt so strong as to show that public sentiment was the same, North and South, East and West. The plan of currency reform presented by Secretary Lyman J. Gage for the consideration of the cabinet begins with a strong argument for retiring the demand liabilities of the Government. The first of these to be redeemed and cancelled are the greenbacks and the Treasury notes of 1890.
- Published
- 1897
16. Editorials.
- Subjects
UNITED States politics & government ,PAPER money ,GREENBACKS (Money) ,DEBT ,INHERITANCE & transfer tax ,LEGISLATIVE bills - Abstract
The article discusses some of the political updates related to the U.S. The Republican leaders in the U.S. Congress do not intend to take any steps towards a reformation of the currency at the present session. The odor of loyalty that attaches to the greenback as an instrument of war, "battle-scarred and blood-stained," is still potent. The belief is general that the greenbacks cost nothing that they are a debt drawing no interest and that it would involve an annual loss to the Government to fund them into bonds. The Governor announces that he will give a hearing on the graduated inheritance-tax bill passed by the late Legislature and, "the millionaires" are going to proceed in large numbers to Albany to urge the Governor to veto it.
- Published
- 1897
17. Editorials.
- Subjects
PRACTICAL politics ,FINANCE ,GREENBACKS (Money) ,CAPITALISM ,PAPER money - Abstract
This article presents information about politics and finance. There is no doubt that the plan of having the U.S. Government assume the duties of a bank of issue, by supplying greenbacks enough to take the place of the bank-bills now in circulation, is cherished by a great many people who are not repudiationists. They find that for eighteen years the Government notes have performed the functions of money throughout the whole country with an efficiency which the old banknotes never displayed. Nothing can be more dangerous in its tendency towards extravagant and revolutionary measures, in place of fair economic means, than to magnify beyond the reality the gap which represents the difference in material prosperity between capitalists and the wage-receiving classes. If this be the true way of putting the inequality, then American society is uneven to an alarming degree.
- Published
- 1878
18. Editorials.
- Subjects
UNITED States politics & government ,PAPER money ,GREENBACKS (Money) ,MONEY ,FINANCE - Abstract
The article presents brief discussions on various political developments in the U.S. and other countries. National Greenback party of New York have adopted a platform of principles declaring that all debts, public and private, should be paid with paper, and that the paper should not be paid with anything. The Ohio Greenback partymen proposed to limit the paper issues of the U.S. government to the demands of business or the employment of labor, and suggested that gold, silver, and greenbacks be made the equals of each other in value. The New York branch proposes no limits whatever, and have no toleration for metallic money of any kind. Absolute money is the only medium of exchange they admit into their bedlam.
- Published
- 1878
19. Unexpected Jewels in BEP Correspondences.
- Author
-
Huntoon, Peter
- Subjects
NATIONAL archives ,CENT ,GREENBACKS (Money) ,GOVERNMENT securities - Published
- 2020
20. FRACTIONAL CURRENCY.
- Subjects
CENT ,NATIONAL currencies ,GREENBACKS (Money) ,PAPER money ,PORTRAITS on bank notes - Published
- 2020
21. FRACTIONAL CURRENCY.
- Subjects
CENT ,GREENBACKS (Money) ,SEALS (Numismatics) ,AUTOGRAPHS ,MONOGRAMS - Published
- 2020
22. Uncle, can you spare a coin?
- Author
-
Samuel, Peter
- Subjects
GREENBACKS (Money) ,PAPER money ,AMERICAN coins ,BANKING industry ,LEGISLATIVE bills - Abstract
This article presents reasons for which the U.S. still clings to $1 greenback when eliminating it could save billions of dollars a year. Almost half of the 8.4 billion bills printed annually by the Bureau of Engraving & Printing are the $1 variety. A $1 coin would cost more. The handling of dollar bills is extremely difficult and costly to automate. Bills have to be manually sorted and straightened out and faced the right way before being inserted into counting machines. Earlier this year, bills for a dollar coin were reintroduced in both the U.S. House and the Senate. The Coin Coalition, a lobby group representing some 30 industry associations, made a major push to attract the attention of the Administration of President Bill Clinton. The only real opposition to the bill comes from the American Bankers Association, which stresses changeover costs in the switch from bill to coin and is concerned about the extra weight of coin in transportation.
- Published
- 1993
23. The Week.
- Subjects
UNITED States politics & government ,PRIESTS ,CITIZENSHIP ,GREENBACKS (Money) - Abstract
The article focuses on prevailing political and economical conditions in the U.S. Hiram R. Revels, pastor of a colored church in St. Louis, Missouri was admitted to the U. S. Senate from Mississippi, by a strict party vote of 48 to 8. All the objections that had been raised against his citizenship vanished before the right inherent in each branch of the U.S. Congress to determine the qualifications of its members. The gradual appreciation of the greenbacks, under the increasing demands of business, particularly at the Southern regions of the U.S. helped fall in gold.
- Published
- 1870
24. The Week.
- Subjects
POLITICAL development ,CURRENCY question ,GREENBACKS (Money) ,PAPER money ,PRICE inflation ,LEGISLATIVE bills - Abstract
This article presents information on some recent socio-political developments. It is informed that the U.S. President has recommended a gradual return to specie payments, which is, indeed, the only kind of return possible. Most of the declamation against a "sudden" return being like warnings against a too rapid growth in virtue. It is opined that the advises of the Treasury to be authorized to redeem its own paper at a certain fixed price whenever presented, as a safeguard against violent fluctuations in the value of greenbacks is a perfectly valueless suggestion. In another instance, it is informed that a large number of bills are being presented for consideration by the Congress. The most remarkable one is the bill which proposes that it should be treated as a misdemeanor for any senator or representative to recommend any candidate for office, unless his opinion is asked for in writing by the executive.
- Published
- 1869
25. The Week.
- Subjects
UNITED States economy ,UNITED States politics & government ,LEGISLATIVE bills ,GREENBACKS (Money) ,EXPORTS ,POSTAL money orders - Abstract
The steady decline of the cash balance in the U.S. Treasury will force the U.S. Congress to pass some kind of a bill immediately on reassembling. The balance is now less than $90,000,000, and this includes the greenback redemption fund, which has long been below the statutory requirement. There is now no export movement of gold, and no apprehension that the country will be forced to the silver basis. The U.S. House of Representatives passed on December 14 a bill of much general interest, which has attracted very little attention in the newspapers. It was reported by the joint commission of Congress to inquire into the status of laws organizing the executive departments, and it went through without any opposition. Its popular feature makes a reduction in the price of post-office money-orders, to place them on a par in this respect with the money-orders issued by the express companies, and it abolishes the postal note.
- Published
- 1894
26. The Week.
- Subjects
MONEY ,INVESTORS ,GREENBACKS (Money) ,BANK notes ,GOVERNMENT securities ,BONDHOLDERS - Abstract
The article focuses on issues related to money in the United States. The speech of ex-Governor of Minnesota at the bankers' convention at Atlanta, Georgia was very judicious in itself, but its chief significance lies in the fact that a conservative banker, who is also a trusted Republican leader, declares in it that the greenback currency is now a national stumbling-block, and that it ought to be superseded by a bank currency of an elastic kind based upon money and not upon Government bonds. Senator John Sherman's latest deliverance on the subject of the national finances ought not to be taken too seriously. It is impossible to know, at any particular time, whether his utterances on the stump represent his real views or not. Thus, in 1868, he joined hands with Ben Butler and George Pendleton in declaring that the Government bonds were payable in greenbacks, and he said that the bondholders were censurable for demanding payment in gold.
- Published
- 1895
27. The Week.
- Subjects
MONEY ,CURRENCY question ,UNITED States political parties ,GOLD reserves ,GREENBACKS (Money) ,ECONOMICS of war - Abstract
The article focuses on issues related to money in the United States. The financial plank in the Syracuse, New York Democratic platform marks a step in advance toward the only rational settlement of the currency question. The corresponding plank of the Saratoga Republican platform was excellent also, although not so advanced as the other. It is presumed that a large majority of both parties in the State of New York are in favor of retiring the greenbacks and relieving the Government of all responsibility for the ultimate gold reserve of the country. Statesman Perry Belmont's speech at the Syracuse convention was acute in its analysis of the financial troubles, which beset the country and of their origin and cure. They are all traceable to the greenback. They are the direct progeny of that mischievous and mistaken "war measure."
- Published
- 1895
28. Soft Money and Progressivism.
- Subjects
UNITED States economy, 1918-1945 ,FARM produce ,AGRICULTURAL prices ,FARMERS ,GREENBACKS (Money) ,AGRICULTURE finance ,WORLD War I - Abstract
Discusses the economic conditions of the U.S. during the post-World War I period. Belief of farmers that the low prices of agricultural products are due to restrictions upon the currency imposed in the interest of high finance; Discussion on the Greenback and the Free Silver movement; Requirement for inclusion of a sound and adequate agricultural finance program in a successful national democratic movement.
- Published
- 1922
29. The Week.
- Subjects
LEGISLATIVE bills ,GREENBACKS (Money) ,PAPER money ,CONFESSION (Christianity) - Abstract
The article presents information on political developments in the U.S. The bill passed in the House by a large majority, forbidding the Secretary of the Treasury to cancel any greenbacks hereafter, repeals the section of the Resumption Act which directs greenbacks to be withdrawn to the amount of 80% of all fresh national-bank bills issued, until the amount of Government notes afloat is reduced to 300,000,000 dollars. In the so-called Florida confessions, the chief confessor is Judge Samuel B. McLin, chairman of the late Board of State Canvassers. A sense of duty impelled him to let it be known that when the canvass was made he labored under the conviction that it was his privilege and duty, in a political sense, to give the benefit of every doubt in favor of the Republican party.
- Published
- 1878
30. Special Correspondence.
- Subjects
UNITED States politics & government ,LEGISLATIVE bills ,GREENBACKS (Money) ,COMMUNISM ,PAPER money ,PRICE inflation - Abstract
One of the strongest arguments advanced for the passage of the Silver Bill, although not made prominent in public debate, was that, if not passed, "the people" would insist on fresh issues of irredeemable paper, and now that it is passed and is awaiting the signature of U.S. President, people are adjured to look at the convention of bedlamites at Toledo, Ohio and to prepare themselves for a tidal-wave of communism and greenback inflation. The proper answer to the Toledo communists and to the Louisville "Courier-Journal," which has been making itself particularly foolish in this business, is that this is as good a time as people shall ever have to "untie the winds and let them fight against the churches." Silver bills, with or without free coinage, are not going to pay mortgages or get people out of debt.
- Published
- 1878
31. Editorials.
- Subjects
SOCIAL change ,GREENBACKS (Money) ,PAPER money ,INVESTORS ,FRENCH economy - Abstract
This article presents information about socio-political developments around the world. When a craze like the greenback movement or the silver movement of the U.S. begins, the consequences of which are just as well known to financiers as the results of certain combinations to chemists, the first impulse of the ordinary politician is to go into it with all his might, and flout the experience of the civilized world. The trouble into which France is once more plunged is probably due more directly to the state of mind of the Catholic clergy than to anything else, though, of course, when one says this one must bear in mind the peculiar condition of French society and the antecedents of French politicians.
- Published
- 1877
32. The Week.
- Subjects
INTERNATIONAL relations ,SILVER question ,GREENBACKS (Money) - Abstract
The article focuses on the political and social conditions around the world. The U.S. Senate has been engaged during the week in passing the resolution for the issue of $10,000,000 silver coin, the Indian and Naval Appropriation Bills, and a new Enforcement Acts. The silver resolution as passed authorizes the issue of $10,000,000 in exchange for greenbacks, with an amendment providing that the trade-dollar shall not be a legal tender, and shall only be coined to an amount necessary to meet the export demand. By an act of Congress, passed near the close of the last session, provision was made for the appointment of a board of experts, consisting of two army officers, two naval officers, and three civilians, to test the strength and character of American iron and steel.
- Published
- 1876
33. The Week.
- Subjects
INTERNATIONAL relations ,POLITICAL parties ,GREENBACKS (Money) ,TAXATION of salt - Abstract
The article focuses on the political and social conditions around the world. The Indiana Democrats appear on the surface to have given displeasure to many outside Democrats and to have correspondingly pleased the infidel and the alien. They avowed, for instance, that they thought paying the bonds in greenbacks to be no more than what justice requires, and thus revived the Pendletonism of six years ago--a proceeding which nobody at the East approves, no matter of what party. The French Ministry, in spite of its Prussian character, has been passing through a crisis. M. Magne's proposal to increase the salt tax was defeated on Wednesday week by a majority of 106.
- Published
- 1874
34. The Week.
- Subjects
POLITICAL development ,LEGISLATIVE bills ,GREENBACKS (Money) ,DESERTS - Abstract
The article presents information related to political developments around the world. The U.S. House of Representatives on Monday crossed the financial Rubicon by passing the bill, by a majority of 171 to 70, declaring the limit of the greenback circulation to be $400,000,000 or in other words, authorizing the issue of the whole $44,000,000 of reserve. On Thursday, a curious subject came up in the Senate in the form of a resolution which it was proposed to send to the Committee on Commerce. It directs the committee to enquire into the expediency of making surveys of the desert of Colorado, with a view to its submersion under water.
- Published
- 1874
35. The Reissue of Greenbacks.
- Subjects
PAPER money ,GREENBACKS (Money) ,MONEY market ,LEGAL tender ,BANK notes - Abstract
This article presents information on the reissue of greenbacks in the U.S. during the year 1872. Republican newspapers purported to discuss a rumor which they announced to the public, to the effect that the Secretary of the Treasury intended to reissue some four or five millions greenbacks which had been retired from circulation. They mentioned the advantages of the plan, and its disadvantages, on the one hand, the effect which it would have in easing the money market, in facilitating the transportation of the crops to deep water; on the other, the objections to it which would arise from the danger of increasing the supply of the protested notes of the Government, the danger to its own credit, and the doubt as to the legality of expansion attained by the reissue of notes once withdrawn from circulation, under the provisions of an act framed with the express intention of contracting the currency.
- Published
- 1872
36. America rallied around putting a woman on the $10 bill. But what if Hamilton fans stick her on the back?
- Author
-
Rhodan, Maya and Von Drehle, David
- Subjects
WOMEN ,PAPER money design ,U.S. dollar ,WOMEN'S suffrage ,GREENBACKS (Money) ,HISTORY ,NUMISMATICS - Abstract
The article focuses on the propose plan of the U.S. Federal government, to change its $10 U.S. dollar bill portrait into a woman's portrait, as part of 100th anniversary of the 19th amendment granting and voting rights to women in the U.S. A brief historical overview on the use of white men portrait on U.S. Dollar currencies is mentioned. It also outlines the significance on the government's propose plan towards the contribution of women to U.S. history and culture.
- Published
- 2016
37. The First National Income Tax, 1861-1872.
- Author
-
POLLACK, SHELDON D.
- Subjects
PUBLIC finance ,INCOME tax ,GREENBACKS (Money) ,AMERICAN Civil War, 1861-1865 - Abstract
During the first months of the American Civil War, an important political debate played out in the U.S. Congress over how to restructure the nations system of public finance and taxation. The fiscal crisis occasioned by the military conflict forced Republican leaders (who dominated our national political institutions) to adopt drastic and controversial measures including the expansion of public borrowing, the issuance of a national paper currency (so-called Greenbacks), and the adoption of a national income tax. To be sure, there was widespread resistance within the Republican Party to all of these proposals -- most particularly, the income tax. Unsurprisingly, conservative Republicans from the Northeast adamantly opposed the impost. Despite this opposition, a majority of Republicans eventually acquiesced to this "odious" tax based on the need to fund the Union war effort. A number of key Republican leaders in Congress preferred this impost over the alternatives (in particular, a national land tax), casting their arguments in favor of the income tax in terms of "equity," "justice," and "fairness." Based on their support, Congress approved a national income tax, signed into law by President Lincoln on August 5, 1861. While the war effort was largely funded by public borrowing and increases to tariff rates, the income tax made a modest contribution to financing the Northern military campaign and emerged as an important component in the reconstituted wartime fiscal system. Although the impost was allowed to expire soon after the resolution of the military conflict, the Civil War income tax served as the model for the modern income tax enacted by Congress more than 40 years later. Likewise, in the debate over our nation's first income tax, we hear the first articulations of arguments resurrected during the debate over the income tax of 1913 as well as in contemporary political discourse over federal tax policy. [ABSTRACT FROM AUTHOR]
- Published
- 2014
38. The United States Monopolization of Bank Note Production: Politics, Government, and the Greenback, 1862–1878.
- Author
-
Noll, Franklin
- Subjects
- *
BANK notes , *PAPER money , *MONEY , *BANKING industry , *GREENBACKS (Money) , *AMERICAN Civil War, 1861-1865 , *NINETEENTH century , *ECONOMICS , *HISTORY of money ,UNITED States politics & government - Abstract
Between 1862 and 1878, the view of the United States government towards the nation's money was transformed. Early in the Civil War, the government got into the bank note printing business out of necessity, printing and issuing the first-ever federal currency. Over the following years, debates raged whether the national currency should be printed privately or by the government's bank note printer, the United States Bureau of Engraving and Printing (BEP). Matters came to a head in 1878 when Congress debated the future of the BEP. That year, in a radical departure from the past, Congress gave the Bureau of Engraving and Printing a monopoly on the production of currency, forever changing the role of the government in the nation's economy. Money, be it in the form of coin or currency, was now the exclusive province of the government – not private banks or bank note companies. This change was the result of a rare consensus between Democrats and Republicans and between the forces of the antimonopoly tradition, Greenbackism, and hard money. For various reasons, they were unanimous in believing that the government, especially Congress, should be in control of those matters affecting the monetary affairs of the country. [ABSTRACT FROM PUBLISHER]
- Published
- 2012
- Full Text
- View/download PDF
39. FROM CONSTITUTIONAL TO FIAT MONEY: THE U.S. EXPERIENCE.
- Author
-
Timberlake, Richard H.
- Subjects
- *
MONETARY systems , *CURRENCY question , *GOLD standard , *BIMETALLISM , *AMERICAN Civil War, 1861-1865 , *GOVERNMENT policy , *GREENBACKS (Money) , *HISTORY , *LAW , *ECONOMICS ,HEPBURN v. Griswold (Supreme Court case) - Abstract
The article focuses on the history of currency question relating to monetary systems in the U.S. The author explores the two monetary systems that have existed in the U.S., namely the gold-silver standard or bimetallic standard that functioned from the 19th century to approximately 1914, and the U.S. Federal Reserve System which was initiated in 1913. The author emphasizes the stability and constancy of the dollar value, as well as its exchange value, during the bimetallic standard period. The pertinence of the U.S. Supreme Court case ''Hepburn v. Griswold in 1869 and its determination on the unconstitutionality of the use of greenbacks for payment of debts contracted before the passage of the Greenback Act in February, 1862 is addressed.
- Published
- 2012
40. MONEY, PRICES, AND BUBBLES.
- Author
-
O'Driscoll Jr., Gerald P.
- Subjects
- *
MONETARY policy , *HOUSING market , *HOUSING finance , *GOVERNMENT price policy , *INVESTORS , *TWENTY-first century , *GREENBACKS (Money) , *CENTRAL banking industry , *LAW ,UNITED States economy ,UNITED States history, 1865-1921 - Abstract
The article discusses monetary policy and the role it played in the U.S. housing market in the early 21st century. The author argues that monetary policies disturbed relative prices and that those prices conveyed misleading information to consumers and investors. The article also examines so-called nonprice factors including accounting statements and credit ratings that led to what the author calls an economy of liars. The author explores deflation in U.S. history, particularly the so-called Greenback period following the U.S. Civil War and the resumption of gold payments in 1879.
- Published
- 2011
41. Oil prices and the greenback: it takes two to tango.
- Author
-
Razgallah, Brahim and Smimou, Kamal
- Subjects
PETROLEUM product sales & prices ,GREENBACKS (Money) ,FOREIGN exchange rates ,NONLINEAR theories ,ECONOMIC equilibrium ,PRICE variance ,ECONOMICS literature - Abstract
Although the relationship between oil prices and exchange rates has been investigated extensively in the literature, the results remain mixed. The aim of this article is to revisit this relationship allowing for nonlinear dynamics in the speed of adjustment to the equilibrium. This article argues that the existing literature does not consider oil as an asset class in portfolio allocation, and fails, therefore, to find evidence that exchange rate movements affect oil price dynamics. In other words, the role of oil prices in portfolio preferences is not exogenous to exchange rate determination as modelled in the literature, but rather endogenous. This article shows that during periods of high exchange rate volatility oil prices become highly affected by exchange rate movements of the dollar through a nonlinear smooth transition framework. [ABSTRACT FROM AUTHOR]
- Published
- 2011
- Full Text
- View/download PDF
42. SEIGNIORAGE, LEGAL TENDER, AND THE DEMAND NOTES OF 1861.
- Author
-
BOMBERGER, WILLIAM A. and MAKINEN, GAIL E.
- Subjects
- *
AMERICAN Civil War, 1861-1865 , *MONETARY policy , *PAPER money , *GOLD standard , *MONEY laws , *MONEY , *GREENBACKS (Money) , *SEIGNIORAGE (Finance) , *ECONOMICS , *HISTORY of money ,UNITED States politics & government, 1861-1865 - Abstract
In the summer of 1861, the United States embarked on its first widespread use of paper money: the Demand Notes of 1861. Although their convertibility into gold ended at the end of that year, they remained acceptable for tariff payment at a par with gold coin while they were gradually replaced with paper money that did not share this provision, the Greenbacks. We present daily observations of exchange rates between the Notes, Greenbacks, and gold for the extended period during which they simultaneously circulated. These exchange rates substantiate our revisionist notion that the Notes were replaced because the tariff provision prevented them from generating sufficient seigniorage for wartime needs. ( JEL E42, N12, N22) [ABSTRACT FROM AUTHOR]
- Published
- 2010
- Full Text
- View/download PDF
43. Lincoln's Greenback Mill: Civil War Financing and the Start of the Bureau of Engraving and Printing, 1861-1863.
- Author
-
Noll, Franklin
- Subjects
FINANCIAL crises ,AMERICAN Civil War, 1861-1865 ,HARD currencies ,GREENBACKS (Money) - Abstract
The article discusses the history of the U.S. Bureau of Engraving and Printing. It elaborates that it prompted the Treasury to create the said agency due to problems of financing, security, and currency issuance during the Civil War's rising financial demands. Treasury Secretary Salmon P. Chase attempted to ask help from banks to assist the government. Along with the trouble brought up by the crisis effect of the Civil War financing, Acting Engineer in Charge of the Bureau of Construction Spencer Clark engineered machines for Greenback processing, which contributes to the ruling body of the government.
- Published
- 2009
44. Greenways and Greenbacks.
- Author
-
Campbell Jr., Harrison S. and Munroe, Darla K.
- Subjects
- *
GREENWAYS , *GREENBACKS (Money) , *COMMUNITY development , *COMMUNITY support , *URBAN planning , *REGIONAL planning , *URBAN growth - Abstract
Planners and policy makers are increasingly aware that local amenities can play an important role in community and regional development and greenways represent one such amenity that can be locally developed. As planning initiatives compete for scarce resources it becomes vital that decision makers have ex ante information about the impact of policy options. This paper provides empirical estimates of changes in land value that should be expected if a planned greenway, the Catawba Regional Trail, is developed in Mecklenburg County, North Carolina. Passing through economically modest neighborhoods, the trail holds potential to increase equity in the distributions of open space though the aggregate impact on priority values is limited by neighborhood characteristics. Using a hedonic land value model. we estimate the real estate premium associated with the trail and find that most of the impact to land values will be captured within 1000 ft of the planned greenway. [ABSTRACT FROM AUTHOR]
- Published
- 2007
45. Free exchange│The once and future king.
- Subjects
- *
CONFISCATIONS , *LIQUIDITY (Economics) , *INTERNATIONAL trade , *INTERBANK market , *GREENBACKS (Money) , *FOREIGN exchange - Abstract
The article focuses on Russian officials panicked that their dollar-denominated assets within America's reach were at risk of abrupt confiscation. It mentions invoicing of the majority of global trade and liquidity, flexibility and the reliability of the system have helped, too, and are likely to help sustain its global role. It also mentions China's Cross-Border Interbank Payment System, might undermine the greenback's role and losing ground is central banks' foreign-exchange reserves.
- Published
- 2022
46. The Not-So-Mighty Dollar.
- Author
-
Barton, Susanne, Worrachate, Anchalee, and Purvis, Benjamin
- Subjects
GREENBACKS (Money) ,PAPER money ,PRICE inflation ,U.S. dollar ,MONEY - Abstract
The article describes how a weaker value for the dollar might boost the activities of U.S. manufacturers and exporters. Noted is how the topic relates to the presidencies of Donald Trump and President Elect Joe Biden. Other topics discussed include the Fed's trade-weighted measure of U.S. currency, the dollar index of the Intercontinental Exchange and the level of demand for greenbacks.
- Published
- 2020
47. Greenback-gold returns and expectations of resumption, 1862-1879.
- Author
-
Smith, Gregor W. and Smith, R. Todd
- Subjects
- *
GREENBACKS (Money) , *MONEY , *HISTORY of money - Abstract
Proposes a unified framework for studying the greenback-gold price during the United States suspension of convertibility from 1862 to 1879. Perception of the gold price as a floating exchange rate; Use of data for the entire period; Citing evidence of the decline in the volatility of gold returns after the Resumption Act of 1875.
- Published
- 1997
- Full Text
- View/download PDF
48. Yellowbacks out West and greenbacks back East: Social-choice...
- Author
-
Greenfield, Robert L. and Rockoff, Hugh
- Subjects
UNITED States economic policy ,GOLD standard ,GREENBACKS (Money) - Abstract
Focuses on an economic experiment that took place after the Civil War in the United States in which there were two currencies. Gold-dominated dollar in the East; Entrenched fiat currency-greenback dollar; Factors influencing the use of either currency; Authorization of a national gold bank in 1870; Establishment of the Kidder Bank; Why did the gold bank fail.
- Published
- 1996
- Full Text
- View/download PDF
49. Buttonwood: TOP dollar.
- Subjects
- *
GREENBACKS (Money) , *MONETARY policy , *PRICE inflation , *INTEREST rates , *DOLLAR - Abstract
The article provides an overview of the conditions for the greenback to crack in 2022. It mentions about high inflation and its implications for interest rates, as dollar's current strength is tied to American exceptionalism of a sort. It also mentions about the impact of monetary policy on bond purchases.
- Published
- 2021
50. Why Wars Produce Depressions.
- Author
-
McCracken, H. L.
- Subjects
- *
WAR , *PRICE inflation , *GREENBACKS (Money) , *DEPRESSIONS (Economics) , *MILITARY history , *ANTI-inflationary policies , *WORLD War I - Abstract
This article focuses on effects of wars on economic conditions of a country. When wealth and income are too concentrated in the hands of a few, business is likely to become depressed because of lack of effective demand. Now, one of the great by-products of war is the disturbance to this condition of balance, Millions of men are inducted into the army and receive the army wage of $21 per month. Many businesses are thrown into bankruptcy through inability to shift to war economy. The war demands upon industry and labor suddenly cease and a considerable interval of time must elapse before the normal peace demands can become effective. Presumably all economists unite in the belief that the degree of inflation is determined largely by the fiscal policy of the government. Perhaps someone is inclined to observe that the United States had a severe inflation during the World War I and issued no Greenbacks at all. Monetary inflation is inherent and inevitable under any such system of war finance and automatically carries with it its own post-war deflation.
- Published
- 1942
Catalog
Discovery Service for Jio Institute Digital Library
For full access to our library's resources, please sign in.