First Greenback Day 💵

Overview

First Greenback Day commemorates March 10, 1862, when the United States government issued its first paper money, known as "greenbacks," marking a significant shift in the nation's financial system during the Civil War. This day recognizes the origins and impact of fiat currency in American history.

Observed each year on March 10, First Greenback Day invites people to pause, share the story, and bring a little themed joy to their day.

Origin and story

The term "greenback" originated from the distinctive green ink used on the reverse side of the notes, designed to deter counterfeiting and signify their governmental origin.

The Legal Tender Act of 1862 authorized the issuance of these non-interest-bearing United States Notes, allowing the Union government to finance the Civil War without relying solely on specie (gold and silver).

Quick facts

• DateMarch 10
• TypeCultural / community observance
• Great forFriends, Families, Classrooms, Teams

Also on this date

Ways to celebrate

• Learn the history of U.S. paper currency from the Bureau of Engraving and Printing.
• Read about greenbacks at Encyclopaedia Britannica.
• Compare early paper money to today’s currency designs and security features.
• Explore why paper money was introduced during the Civil War.
• Reflect on how money systems evolve with technology.

Fun facts

• The term "greenback" originated from the distinctive green ink used on the reverse side of the notes, designed to deter counterfeiting and signify their governmental origin.
• The Legal Tender Act of 1862 authorized the issuance of these non-interest-bearing United States Notes, allowing the Union government to finance the Civil War without relying solely on specie (gold and silver).
• Before greenbacks, currency in the U.S. was primarily gold and silver coins or notes issued by individual banks, lacking a unified national standard and often varying in value.

Sources and attribution

Source not provided.

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FAQ

When is First Greenback Day?

It is observed on March 10 each year.

What is First Greenback Day?

First Greenback Day marks the introduction of U.S. paper currency during the Civil War.

How do people celebrate First Greenback Day?

People learn about greenbacks, explore currency history, and compare money designs.

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