United States Greenback Party
The Greenback Party - also known as the Greenback Labor Party - was a political party in the United States from 1874 to 1884.
The name is a reference to US paper money, which is sometimes called " greenback ". This refers to the banknotes that were issued during and after the American Civil War to this day and are known for their typical green color. The party name should indicate the special importance of monetary policy demands. The party announced that it would issue larger amounts of money, believing this would help many people - especially farmers - get higher prices and pay off debts more easily. The Greenback Party was founded as a political party mainly by farmers who were financially damaged during the panic of 1873 .
The founding meeting of the party took place in Indianapolis on November 25, 1874. Originally the name was Independent National Party . In 1878, 13 of its members were elected to the US Congress . In 1880, the Greenback Party expanded its party program to include demands for an income tax , the eight-hour day and women's suffrage . The party's influence quickly waned; after it had failed the congressional elections in 1884 (not a single successful candidate), it became increasingly less important. In 1888 the party merged with the "Union Labor Party". In 1892 there was a merger with the "People's Party".