Greenback Dollar


How Lincoln Averted Financial Crisis: “legal-tender U.S. Notes or ‘Greenbacks’ represented receipts for labor and goods delivered to the United States. They were paid to soldiers and suppliers and were trade-able for goods and services of a value equivalent to their service to the community. The Greenbacks aided the Union not only in winning the war but in funding a period of unprecedented economic expansion. Lincoln’s government created the greatest industrial giant the world had yet seen”

When I was a little baby, my momma said,
“Hey, son. Travel where you will and grow to be a man
And sing what must be sung, poor boy.
Sing what must be sung.

And I don’t give a damn about a greenback dollar,
spend it as fast as I can.
For a wailin’ song and a good guitar,
the only things that I understand, poor boy,
the only things that I understand.

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About mrG

I am a musician but I am a different sort of musician
This entry was posted in economics history, money. Bookmark the permalink.

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