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Greenback Party

Greenback Party, U.S. political group active between 1876 and 1884. Founded largely by farmers, its main aim was to expand the circulation of greenback currency to bring about inflation, and thus end the depressed agricultural prices and make debts easier to pay. In 1878 the party elected 14 congressional representatives, but it rapidly declined in the 1880s. Many of the party's supporters and leaders turned to populism in the 1890s.

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21st Century Webster's Family Encyclopedia21st Century Webster's Family Encyclopedia - Grand Rapids to Hadron