1. A political or economic movement advocating for the use of paper money (greenbacks) issued by the government, especially as a remedy for financial problems; historically associated with 19th-century U.S. monetary reform.
Usage: historical; chiefly U.S.; often capitalized when referring to the Greenback Party or movement

Examples

• Greenbackism gained traction during the economic depression of the 1870s.
• The Greenback Party promoted greenbackism as a solution to currency shortages.
• Farmers supported greenbackism because they believed it would ease their debt burdens.
• Critics of greenbackism feared that unlimited paper money would cause inflation.
• The movement's greenbackism reflected growing frustration with restrictive monetary policies.