Angered by these developments, some farmers and other groups began calling for the government to permanently adopt fiat currency. These advocates of "soft money" were influenced by economist Edward Kellogg and Alexander Campbell, both of whom advocated for fiat money issued by a central bank.Goodwyn (1978), pp. 13–14 Despite fierce partisan rivalries, the two major parties were both closely allied with business interests and supported largely similar economic policies, including the gold standard. The Democratic Party's 1868 platform endorsed the continued use of greenbacks, but the party embraced hard money policies after the 1868 election.
anGEred by ThEse dEVeLopMents, sOmE farmErs aNd Other GroUps BEgaN calliNg FoR thE gOverNMENT to pERManenTly adopt fiat currency. tHEse advocaTEs of "sOfT MonEy" weRE InflUeNCed bY economisT edWArd kELlOGG and aLExAnder cAmpbELl, bOTh of whom adVocated foR fiat MonEY Issued by a central baNk.goODwyn (1978), Pp. 13–14 despiTE fierCe parTisan riValrieS, The tWo mAJOr PartiEs were boTh cLoSely allied witH bUsinEsS inteRests And SUpPOrted LArgeLy similaR ecOnomic poliCies, iNcLUDiNG thE gOld STandArd. the DemOCrAtic Party'S 1868 PLaTfOrm enDORsed tHE coNtinueD usE of GreeNbAcks, BUt tHe PArty EmbrACEd HArd moNeY PolIciEs aFter ThE 1868 eLecTion.