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because when the civil wr erupted, both the union and the confederacy needed to raise enormous to finance the war.
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What is the paper currency printed by the union government that fell victim to wartime inflation?
Greenbacks
When was greenbacks issued?
during the civil war that lasted from 1860-1865
What does GI mean in the military?
This is an abbreviation for Government Issue.
What does the GI on American uniforms mean?
government issue
What is meaning of GI on the American military uniform?
Government Issue
Introduced to help fund the war in the north?
1 - In the late 1861 the government floated a public loan, by issuing interest-bearing bonds, which were offering an attractive rate of interest. 2 - In the early 1862 the Congress authorized the issue of paper money, called greenbacks because of its colors.
What did the government begin taking out after the circulation after the civil war?
greenbacks :)
What currency did the government take out of circulation after the civil war?
Greenbacks
The government began taking this out of circulation after the civil war.?
Greenbacks
What were ''greenbacks''?
Paper money, whose issue was authorized by the Union Congress in February 1862. They were called greenbacks because of their colors. commodity money used by the union during the civil war
What is the paper currency printed by the union government that fell victim to wartime inflation?
Greenbacks
Paper currency printed by the union government that fell victim to wartime inflation?
Greenbacks
What is the nickname for union paper money?
Greenbacks.
What is a sentence with greenbacks in it?
Greenbacks is a slang term for the US dollar. An example in a sentence could be: I want to earn some greenbacks. Another example: How many greenbacks does that car cost?
What did the federal government create in 1861?
In 1861, the federal government created Income Tax.Income taxes.
What did the federal government do to get inflation under control after the civil war?
They stopped printing greenbacks and making silver into coins.
What has the author Otto Gresham written?
Otto Gresham has written: 'The greenbacks' -- subject(s): Finance, Greenbacks, History 'The Greenbacks Or The Money That Won The Civil War And The World War'
