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ruslelena [56]
3 years ago
6

What Were “greenbacks”?

History
2 answers:
Kryger [21]3 years ago
6 0

Answer:

Greenbacks were paper currency printed during the Civil War.

Explanation:

Greenbacks were the paper money printed by the United States during the Civil War. The Union used this currency to keep the economy stable and to pay for the war.

President Abraham Lincoln ordered to issue $400 million Greenbacks to raise money for the Civil War on March 10th, 1862. Since then, Greenbacks were issued intermittently during the war, but this was criticized by bankers, as they said that Greenbacks would not be supported by precious metals, therefore causing great amounts of inflation.

ankoles [38]3 years ago
4 0

"A greenbacks is a dollar bill"

it could also be "an animal with a greenback found in Colorado"

hoped this helped :)  

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"Britain, the 'nefarious trade' and slavery

Britain followed in the footsteps of the Portuguese in voyaging to the west coast of Africa and enslaving Africans. The British participation in what has come to be called the 'nefarious trade' was begun by Sir John Hawkins with the support and investment of Elizabeth I in 1573. (15) By fair means and foul, Britain outwitted its European rivals and became the premier trader in the enslaved from the seventeenth century onwards, and retained this position till 1807. Britain supplied enslaved African women, men and children to all European colonies in the Americas.

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The trade became a very lucrative business. Bristol grew rich on it, then Liverpool. London also dealt in slaves as did some of the smaller British ports. (16) The specialised vessels were built in many British shipyards, but most were constructed in Liverpool. Laden with trade goods (guns and ammunition, rum, metal goods and cloth) they sailed to the 'Slave Coast', exchanged the goods for human beings, packed them into the vessels like sardines and sailed them across the Atlantic. On arrival, those left alive were oiled to make them look healthy and put on the auction block. Again, death rates (during the voyage) are unknown: one estimate, for the 1840s, is 25 per cent.

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Historian Paul Lovejoy has estimated that between 1701 and 1800 about 40 per cent of the approximately more than 6 million enslaved Africans were transported in British vessels. (It must be noted that this figure is believed by some to be a considerable underestimate.) Lovejoy estimated that well over 2 million more were exported between 1811 and 1867 – again, many believe the numbers were much greater. (17)"



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