Title: Greenback (1860s money) - Wikipedia
Headings: Greenback (1860s money)
Greenback (1860s money)
Contents
History
Before Civil War
Civil War
Demand Notes
United States Notes
Complete set of 1862–63 greenbacks
See also
Notes
References
Sources
Further reading

Content: Continental dollars issued by the Continental Congress during the American Revolution had no such backing. They soon became almost worthless largely due to massive British counterfeiting of them as an act of war. In the early 19th century, the U.S. issued interest-bearing Treasury Notes in various denominations. They were not legal tender but could be used to pay customs duties. Civil War
When President Abraham Lincoln assumed office, he understood the importance of money for the war effort. With that in mind, Lincoln appointed Salmon P. Chase as Secretary of the Treasury. His position made authorized to act alone on all matters about the country's finances. Chase, like almost everyone at the time, underestimated the duration and the cost of the war. Within a few months, the costs of the war would clearly run far beyond the government's limited income from tariffs and excises. The Lincoln administration sought loans from major banks, mostly in New York City.