Greenback Party

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Greenback Party

n
(Historical Terms) history US a political party formed after the Civil War advocating the use of fiat money and opposing the reduction of paper currency
ˈGreenˌbacker n
ˈGreenˌbackism n
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Noun1.Greenback Party - a former political party in the United States; organized in 1874; opposed any reduction in the amount of paper money in circulation
party, political party - an organization to gain political power; "in 1992 Perot tried to organize a third party at the national level"
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References in periodicals archive ?
The Americans' outlook was shaped by the agrarian politics of America's Great Plains in the late nineteenth century: Greenbackism, the Free Silver movement, and the Non-Partisan League.
See also Elizabeth Sanders, Roots of Reform: Farmers, Workers and the American State, 1877-1914 (Chicago 1999), 30-52 and 102-47 to see how the Farmers' Alliance was a successor to Greenbackism in republican lore.
In addition to greenbackism, there are at least two other ways of visualizing an expansionary monetary policy, reductions in the price of money (currency depreciation), and reductions in the rental cost of money (lower interest rates.