Greenback Party - Wikipedia

Returning to the Gold Standard is not on the side of the common person but rather the ultra-rich who can buy up all the gold. It has ever been so.

The Gilded Age was an era of political ferment and conflict over the proper uses of governmental activity[5]. The Greenback movement began as a protest against the national system of money and banking that had emerged by the mid-1870s. In particular, Greenbackers condemned the National Banking System, created by the National Banking Act of 1863, the harmonization of the silver dollar (Coinage Act of 1873 was in fact the "Crime of '73" to Greenback), and the Resumption Act of 1875, which mandated that the U.S. Treasury issue specie (coinage or "hard" currency) in exchange for greenback currency upon its presentation for redemption beginning on 1 January 1879, thus returning the nation to the gold standard. Together, these measures created an inflexible currency controlled by banks rather than the federal government. Greenbacks contended that such a system favored creditors and industry to the detriment of farmers and laborers[6].

5. boner, Eric (2006) Give Me Liberty! An American History Volume 2, W.W. Norton & Company. pp 532. {ISBN 0-393-92784-9}

6. Gild, Matthew (2007) Greenbelts, Knights of Labor, and Populists; Farmer-Labor Insurgency in the Late-Nineteenth-Century South, The University of Georgia Press. pp 20-21. {ISBN 0-8203-2897-9}

Wikipedia contributors, "Greenback Party," Wikipedia, The Free Encyclopedia, (accessed November 21, 2010).

via Greenback Party - Wikipedia, the free encyclopedia.

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  • Tom Usher

    About Tom Usher

    Employment: 2008 - present, website developer and writer. 2015 - present, insurance broker. Education: Arizona State University, Bachelor of Science in Political Science. City University of Seattle, graduate studies in Public Administration. Volunteerism: 2007 - present, president of the Real Liberal Christian Church and Christian Commons Project.
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