Greenbacks

During the first year of the US Civil War, the conversion of bank or Treasury notes into gold was suspended. In accordance to the Legal Tender Acts in 1862, the government issued an inconvertible currency called Greenbacks. This database includes the high and low daily price for Greenbacks in gold from 1 January 1862 to 31 December 1878. The data is explained in the paper "Turning Points in the Civil War: Views from the Greenback Market." (by Kristen L. Willard, Timothy W. Guinnane, and Harvey S. Rosen). American Economic Review 86(4): 1001-1018, 1996".

 

Greenbacks: 1862-1878

  • Overview

    During the first year of the US Civil War, the conversion of bank or Treasury notes into gold was suspended. In accordance to the Legal Tender Acts in 1862, the government issued an inconvertible currency called ?Greenbacks?. This database includes the high and low daily price for Greenbacks in gold from 1 January 1862 to 31 December 1878. The data is explained in the paper "Turning Points in the Civil War: Views from the Greenback Market." (by Kristen L. Willard, Timothy W. Guinnane, and Harvey S. Rosen). American Economic Review 86(4): 1001-1018, 1996".

  • Greenbacks Data
  • Data Explanation - Turning Points in the Civil War: Views from the Greenback Market

    The data is explained in the paper Turning Points in the Civil War: Views from the Greenback Market. (by Kristen L. Willard, Timothy W. Guinnane, and Harvey S. Rosen). American Economic Review 86(4): 1001-1018, 1996."

    View paper