Book contents
- Frontmatter
- Contents
- Preface and acknowledgments
- 1 The money debate and American political development
- 2 Party politics and the financial debate, 1865–1896
- 3 Greenbacks versus gold: The contest over finance in the 1870s
- 4 The “people's money”: Greenbackism in North Carolina, Illinois, and Massachusetts
- 5 The battle of the standards: The financial debate of the 1890s
- 6 Populism and the politics of finance in North Carolina, Illinois, and Massachusetts in the 1890s
- 7 Money, history, and American political development
- Appendix A Financial terms used between the Civil War and 1896
- Appendix B Major banking and currency legislation, 1860 to 1900
- Appendix C An antimonopolist reading of L. Frank Baum's The Wonderful Wizard of Oz
- Index
4 - The “people's money”: Greenbackism in North Carolina, Illinois, and Massachusetts
Published online by Cambridge University Press: 29 March 2011
- Frontmatter
- Contents
- Preface and acknowledgments
- 1 The money debate and American political development
- 2 Party politics and the financial debate, 1865–1896
- 3 Greenbacks versus gold: The contest over finance in the 1870s
- 4 The “people's money”: Greenbackism in North Carolina, Illinois, and Massachusetts
- 5 The battle of the standards: The financial debate of the 1890s
- 6 Populism and the politics of finance in North Carolina, Illinois, and Massachusetts in the 1890s
- 7 Money, history, and American political development
- Appendix A Financial terms used between the Civil War and 1896
- Appendix B Major banking and currency legislation, 1860 to 1900
- Appendix C An antimonopolist reading of L. Frank Baum's The Wonderful Wizard of Oz
- Index
Summary
“I thought I had beaten the wicked Witch [of the East] then, and I worked harder than ever; but I little knew how cruel my enemy could be. She thought of a new way to kill my love for the beautiful Munchkin maiden, and made my axe slip again, so that it cut right thought my body, splitting me in two halves. Once more the tinner came and fashioned me a body of tin … But alas! I had now no heart …”
The Tin Woodman, The Wonderful Wizard of OzAfter a decade of political ferment, the Greenback party emerged as the vehicle for grassroots interest in financial reform. Although the party's focus was national, the roots of greenbackism were local. Around the country, the effects of contraction, the devastation of war, the consequences of railroad expansion, and the growth of manufacturing impelled different communities to contend with the processes of economic change. Their concerns and responses differed depending on the particular political and economic conditions of their states. Yet producers from various states and political backgrounds found common cause in the fight against financial monopoly.
Greenbackism was the most geographically diverse of the antimonopoly movements of the late nineteenth century. It was also politically particular in different states, where local issues drove and shaped the movement. This chapter analyzes the financial debate in three states.
- Type
- Chapter
- Information
- Goldbugs and GreenbacksThe Antimonopoly Tradition and the Politics of Finance in America, 1865–1896, pp. 110 - 151Publisher: Cambridge University PressPrint publication year: 1997