Scrabble?! GREENBACKER

Definitions of GREENBACKER in various dictionaries:

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 electionsin 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