"Greenback" is a slang term for the emergency paper currency issued by the U.S. during the American Civil War in the mid-1860s. Its distinctive green ink recognised it. Initially, the notes were used to finance the Civil War and were backed by the government. However, they were not backed by gold or silver, which led to fluctuations in value and inflation.

Discover how the Biden administration is navigating a severe economic crisis, as companies nationwide face bankruptcies and closures amidst rampant inflation in the US.