On the record
A greenback is a piece of paper with a promise on its face and green on its back, declared to be money by Act of Congress, but which the Government refuses to pay.
Source
gutenberg.orgCharles Sumner: “A greenback is a piece of paper with a promise on its face and green on its back, declared to be money by Act of…”
Editor's note · Context
Sumner defines a greenback and critiques its value as a currency backed by government promise.
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