The Greenback Controversy and Panic of 1873 (HOM 27-A)

History of Money, Lecture 27, Pt. A: Americans after the Civil War were left with the question of what to do with the fiat Greenback currency. After a financial panic in 1873, Congress in 1875 passed the Resumption Act, which arranged for the retiring in Greenbacks (and for their redemption in gold) in 1879.
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Dr. Jonathan Barth received his doctorate in history from George Mason University in 2014. He specializes in the history of money and banking in the early modern period, with corollary interests in early modern politics, empire, culture, and ideas. Barth is currently an Assistant Professor of History at Arizona State University, and associate director of the Political History and Leadership Program in the School of Historical, Philosophical and Religious Studies.

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