Monday, November 14, 2022

Economic Distress

 Greenback= Money printed by the U.S. during the Civil War


During the Civil War the Government had issued $500 million in paper money, called greenbacks.
Greenbacks could not be exchanged for gold or silver.

Government wanted to take greenbacks out of circulation which causes INFLATION


No comments:

Post a Comment

Memorial Day 2023

  https://www.history.com/veterans-stories https://www.history.com/topics/holidays/memorial-day-history Memorial Day is an American holiday,...