President Lincoln’s Greenback Act, as Congress’s Act…

President Lincoln’s Greenback Act, as Congress’s Act of July 10, 1862, is known, authorizes the issue of one hundred and fifty million dollars in legal tender United States notes in order to stimulate the economy.

The Treasury Department issues these notes directly into circulation, and they are obligations of the United States Government.

The issuance of United States Notes is subject to limitations established by Congress.

This currency is not backed by any deposit in any bank or government reserve, in contrast to the Gold Certificates at the time.

They also do not bear interest, unlike the appropriately titled Interest Bearing Notes that began to be issued in 1861.

Powerful bankers, who receive no interest from these notes, allegedly plot revenge.

An article published in the London Times advises the destruction of the US government lest its prosperity grow to unprecedented heights.