The political and economic philosophy of the Greenback Party, emphasizing the use of paper money over gold and advocating for monetary reform and workers' rights.
From greenback + -ism (doctrine suffix). Formed during the late 1800s to describe the ideology centered on paper currency as the foundation for economic policy and social reform.
Greenbackism was essentially an early form of modern monetary policy—the idea that the government could control the money supply to help workers and farmers was revolutionary in the 1800s and directly influenced how economies are managed today.
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