Research topic: Greenback party

Greenback party in U.S. history, political organization formed in the years 1874-76 to promote currency expansion. The members were principally farmers of the West and the South; stricken by the Panic of 1873, they saw salvation in an inflated currency that would wipe out the farm debts contracted in times of high prices. They were opposed by the conservatives, who managed to get the Resumption Act of 1875 passed. The Greenbackers had in 1874 hoped to capture the Democratic party, but the nomination of Samuel J. Tilden killed that hope, and the Greenback party nominated Peter Cooper as its... Read more