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About Greenback Day
Military , United States
Ends: Mar 10, 2024
DESCRIPTION:
Today marks the anniversary of the 1861 issuance of the green currency in the United States nicknamed 'Greenback.' These were demand notes and did not carry interest. A demand note means their value remained constant at the amount printed on them, even today, which was a new concept in American currency.
Greenbacks were issued to fund the American Civil War.
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