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  1. The Greenback Era: A Social and Political History of American Finance, 1865-1879
    The Greenback Era: A Social and Political History of American Finance, 1865-1879
    The Greenback Era: A Social and Political History of American Finance, 1865-1879
    The Greenback Era: A Social and Political History of American Finance, 1865-1879
    Image(s) provided for illustrative purposes and may differ from the actual product
  2. The Greenback Era: A Social and Political History of American Finance, 1865-1879

    Delivery: 10-20 Working Days
    Customer Ratings (2 reviews)
    Price R1812.00

Additional Information

The description for this book, Greenback Era, will be forthcoming.

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Most Helpful Customer Reviews

The modern era in United States currency began with the Civil War itself. All efforts of the United Statesgovernment were bent toward defeating the largest threat that the country had ever faced. However, once the war was successfully completed, the problems of dealing with the newly re-united country and dealing with the enormous industrial capacity that had been released became entirely evident. During the war, the Unitd States found that the pre-Civil War economy based on the Jacksonian Specie Circular was too small to handle the large amount of government spending necessary in order to win the war. Accordingly, the pre-war economy was given a boost by means of government printed paper money being introduced into the money supply. This paper money was called "greenback."

With the end of the Civil War, the government attempted to remove all the greenbacks from the money supply--redeem the greenbacks. However, the monetary genie that had been released by the... Read more
The fact that you're reading this review can only mean one of two things: 1) you're an upper-classman or graduate student reluctantly forced to read Unger's book; or 2) you're an economist or historian manqué with a deep and unique curiosity about early American finance. I, for one, am the latter.
The essence of Irwin Unger's "The Greenback Era" - the 1965 winner of the Pulitzer Prize in history - is that the motivations of the hard and soft money supporters of the post Civil War period are more nuanced than Charles Beard and other leading American historians would have you believe. The author rejects what he calls the duality and economic determinism of the old school. That is, that economic self-interest was the sole motivator in determining how one felt about the federal issue of paper legal tender (the Greenbacks) and that those motivations ultimately split the nation into mutually exclusive groups: East vs. West, debtor vs. creditor, agrarian vs. industrialist... Read more
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