Political Paralysis in the Gilded Age

Political Paralysis in the Gilded Age - Political Paralysis...

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Political Paralysis in the Gilded Age *Post Civil war population: 1870:39 million/ 26.6% gain -26.6 gain in preceding decade *3 rd largest nation in W. world after Russia and France *Abraham promised “a new birth of freedom *got corruption and political stalemates I. The “Bloody Shirt” Elects Grant 1. Ulysses S. Grant o Citizen of Philadelphia, Washington o Received gifts for saving the union: 105,000 from ny and house from hometown and other places o Was a greenhorn-(easily duped) in politics o Republican nominated him in 1868 2. Expecting Democrats o could only denounce military Reconstruction and couldn’t agree on anything else, 1. Wealthy E. delegates: demanded a plank promising federal war bonds redeemed in gold 1. Although many bonds had been purchased with greenbacks 2. Poorer midW. delegates: answered with Ohio idea 1. called for redemption of greenbacks 3. Debt burden Agragarian dem. hoped to keep more money circulating and interest low 4. Mid W. delegates got platform but not their candidate 1. nominated: NY Governor, Horatio Seymour 1. he lost because he repudiated-*(rejected) the Ohio idea o The Republicans got Grant elected (barely) by “waving the bloody shirt,” 1. firsts candidate campaign 2. Revived gory memoires of civil war victories, 3. Though his popular vote was only slightly ahead of rival Horatio Seymour . 1. Most white voters supported Seymour 2. ballots of 3 unreconstructucted southern states not counted 1. Mississippi, Texas, Virginia 2. 500,000 former slaves gave Grant victory 4. Seymour was the Democratic candidate who didn’t accept a redemption-of- greenbacks-for-maximum-value platform, and thus doomed his party. 5. Rep. had to keep the south to maintain power and keep the ballot in freed men 6. However, due to the close nature of the election, Republicans could not take future victories for granted. II. The Era of Good Stealings 1. politics became very corrupt after the war o Railroad promoters cheated gullible customers. o Stock-market investors were a cinder in the public eye. o Too many judges and legislators put their power up for hire. 2. Two notorious millionaires in the financial world were Jim Fisk and Jay Gould . o In 1869, the pair concocted a plot to corner the gold market 1. would only work if the treasury stopped selling gold, 2. so they worked on President Grant directly and through his brother-in-law 1. brother-in-law was given 25,000 for complicity 3. but their plan failed when the treasury sold gold.
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o Madly bid the price of gold skyward while honest businessmen were driven to the wall 3. The infamous Tweed Ring (AKA, “ Tammany Hall ") of NYC, headed by Burly “Boss” Tweed o Vividly displayed the ethics (or lack of ethics) typical of the age o employed bribery, graft, and fake elections to cheat the city of as much as $200 million.
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Political Paralysis in the Gilded Age - Political Paralysis...

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