Definition

The ideas and beliefs associated with the Greenback party, which advocated for the use of paper money to help the economy.

Example

Greenbackism played a significant role in the economic debates of the late 19th century.

Conversation

Have you ever heard of greenbackism?

Yeah, isn't that related to the Greenback party's ideas?

Exactly! They were all about using paper money instead of gold or silver.

That's interesting; I didn't know it had such historical significance.

Synonyms & Antonyms

Root Explanation

Greenbackism is formed from "greenback" (referring to paper currency, specifically U.S. notes that were green on the back) and "-ism" (a suffix used to denote a practice or philosophy). The term refers to the political movement advocating for the issuance of paper money to increase the money supply and stimulate the economy.

Memory Tip

Think of 'greenback' as the paper money that was green, and '-ism' as a belief or practice. This helps you remember that greenbackism is about the philosophy of using paper money.

Visually Confused Words