Title: THE HISTORY OF MONEY Abraham Lincoln's Greenback Dollar
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Content: These bankers were afraid that the US, if they    remained as one block, and as one nation, would attain economic    and financial independence, which would upset their financial    domination over the world." Otto von Bismark chancellor of    Germany 1876 On the 12th of April 1861 this economic war began. Predictably Lincoln, needing money to finance his war effort, went    with his secretary of the treasury to New York to apply for the    necessary loans. The money changers wishing the Union to fail    offered loans at 24% to 36%. Lincoln declined the offer. An old    friend of Lincoln's, Colonel Dick Taylor of Chicago was put in    charge of solving the problem of how to finance the war. His    solution is recorded as this. " Just get Congress to pass a    bill authorising the printing of full legal tender treasury    notes... and pay your soldiers with them and go ahead and win your    war with them also." Colonel Dick Taylor When Lincoln    asked if the people of America would accept the notes Taylor said. "The people or anyone else will not have any choice in the    matter, if you make them full legal tender.