This flashcard is just one of a free flashcard set. See all flashcards!
92
What was the main goal of the Greenback movement? What were the two reasons they thought it would help?
The main goal was "Reflation." They wanted to print money like what was done during the Civil war to create inflation so farmers would have less money-value to pay back. They also thought this would increase the price of farm products which would lead to more money in farmer's pockets.
Flashcard info:
Author: savhighsmith
Main topic: Business Economics
Topic: History of Economics
School / Univ.: UGA
City: Athens
Published: 15.09.2010