Union banknotes organization
also: greenback
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Related entities (most co-mentioned)
AFL-CIOorganization · 3Abraham Lincolnperson · 2American Civil Warevent · 1Confederacyorganization · 1Rothschild banksorganization · 1Lincoln administrationorganization · 1national banking systemorganization · 1greenback shortagesorganization · 1Banca Unionorganization · 1
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Mentions (3)
▶ 40:24
And they're doing this in the 1850s. And they were producing things like fake $500 Union banknotes. So we get to the Civil War and why this matters. The Union is desperate for cash. And the Lincoln administration turns to the counterfeiters…
▶ 40:59
So they basically printed and counterfeited their way into it. These fake notes were returned in the union banks and funneled into the union banks and the war efforts. And it worked. So counterfeiting can be both good and bad. In this case,…
▶ 44:28
The European banks had every incentive for the North and South to split so they could probably exploit the colonies again. They didn't want a strong America, so they wanted to charge Lincoln 30 to 35 percent interest. No way was Lincoln goi…