This is an audio version of the Wikipedia Article: 00:01:47 1 Organizational history
00:01:57 1.1 Background
00:09:13 1.2 The 1873 economic crisis and the response
00:13:15 1.3 Establishment
00:18:19 1.4 Development
00:22:27 1.5 Decline and dissolution
00:24:10 1.6 Legacy
00:25:13 2 Conventions
00:25:23 3 Presidential tickets
00:25:33 4 Elected officials
00:29:13 5 See also
00:29:35 6 Footnotes
00:29:44 7 Further reading
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Voice name: en-GB-Wavenet-B
"I cannot teach anybody anything, I can only make them think."
- Socrates
SUMMARY
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The Greenback Party (known successively as the Independent Party, the National Independent Party, and the Greenback Labor Party) was an American political party with an anti-monopoly ideology which was active between 1874 and 1889. The party ran candidates in three presidential elections—in the elections of 1876, 1880, and 1884, before fading away.
The party's name referred to the non-gold backed paper money, commonly known as "greenbacks", issued by the North during the American Civil War and shortly afterward. The party opposed the deflationary lowering of prices paid to producers entailed by a return to a bullion-based monetary system, the policy favored by the Republican and Democratic Parties. Continued use of unbacked currency, it was believed, would better foster business and assist farmers by raising prices and making debts easier to pay.
Initially an agrarian organization associated with the policies of the Grange, from 1878 the organization took the name Greenback Labor Party and attempted to forge a farmer–labor alliance, adding industrial reforms to its agenda, such as support of the 8-hour day and opposition to the use of state or private force to suppress union strikes. The organization faded into oblivion in the second half of the 1880s, with its basic program reborn shortly under the aegis of the People's Party, commonly known as the "Populists". Later, during the beginning of the twentieth century, the agenda from both of these parties were accomplished, in part, by the Progressives.
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