Daily Almanac for
May 25, 2012
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Greenbacks

Bank notes issued by the Government of the United States in 1862, during the Civil War; so called because the back is printed in green. In March, 1878, the amount of greenbacks for permanent circulation was fixed at 346,681,016 dollars; in rough numbers, about 70 millions sterling.

Source: Dictionary of Phrase and Fable, E. Cobham Brewer, 1894
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