Greenback Party (Noun)
Meaning
A former political party in the United States; organized in 1874; opposed any reduction in the amount of paper money in circulation.
Classification
Nouns denoting groupings of people or objects.
Examples
- The Greenback Party was a short-lived but influential third party in the United States during the late 19th century.
- The party's platform was centered around the idea of maintaining a large amount of paper money in circulation, which they believed would help to stimulate economic growth.
- The Greenback Party was formed in 1874 by a group of farmers and laborers who were dissatisfied with the economic policies of the two major parties.
- Although the Greenback Party never gained much traction at the national level, it did have some success in local and state elections.
- The party's demise was largely due to its inability to expand its base beyond its core constituency of farmers and laborers.