It was successful initially and the economy grew quickly, as investors deemed dealing in greenbacks a safer bet. |
Once outlawed as the currency of imperialism, greenbacks suddenly became not just accepted but necessary. |
Stars who were paid fifty grand in greenbacks at Carnegie Hall settled for thirty percent of that on the South Bank. |
As the currency started to slip in May, companies with future-debt obligations denominated in dollars rushed to buy greenbacks. |
What's more, risk-averse investors in the U.S. Treasury market are more prone to hedge their exposure to the dollar by selling greenbacks. |
When it comes to trading in greenbacks for hardbacks, large bookstore chains win the gold. |