The Monkees most lucrative venture the three had ever seen in their days as the Monkees, far surpassing the money they had made in the 1960s. Nesmith had little financial need to join in Monkees-related projects, mostly as his mother Bette Nesmith Graham was the inventor of Liquid Paper, leaving Nesmith an inheritance of over $25 million upon her death in 1980. A new album by the touring trio, "Pool It!" (the Monkees' tenth), appeared the following year and was a moderate success. From 1986 to 1989, the Monkees would conduct major concert tours in the United States, Australia, Japan, and Europe.
Michael Nesmith Canada, with the follow-up "Silver Moon" making No. 42 Billboard, No. 28 Cashbox, and No. 13 in Canada. Two more singles charted ("Nevada Fighter" made No. 70 Billboard/No. 73 Cashbox/No.67 Can., and "Propinquity" reached No. 95 Cashbox), and the first two LPs charted in the lower regions of the Billboard album chart. No clear answer has ever been given for the band's breakup. Nesmith followed up with The Second National Band, a band that, besides Nesmith, consisted of Michael Cohen (keyboards and Moog), Johnny Meeks (of The Strangers) (bass), jazzer Jack Ranelli (drums), and Orville Rhodes (pedal steel), as well