Ch 23 American Pageant Video Note - Gilded Age Politics 1868 1890s President Ulysses S Grant(1868-1876 Civil war hero wins presidency in 1868 Republican

Ch 23 American Pageant Video Note - Gilded Age Politics...

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“Gilded Age Politics” 1868 - 1890s President Ulysses S. Grant(1868-1876) Civil war hero wins presidency in 1868 Republican party Temporary social/political revolution: black voters vote for Repub party Corruption during his admin Credit Mobilier Affair VP and members of Congress involved in the sale of railroad stock scandal for enriching themselves Whiskey Ring 1875 -- Grant’s private secretary found stealing 3 mil from fed govt in a tax corruption scheme “Grantism” -- term to describe corruption in politics Boss Tweed Ultimate symbol of Gilded Age political corruption A local political corruption-NYC Political machine run by Democratic party Tammany Hall “Boss” Tweed use bribery, graft, and fraud to steal >$200 mil from NY taxpayers Political cartoonist Thomas Nast expose the corruption to the masses Panic of 1873 Severe economic collapse further distracts the nation from enforcing Reconstruction Banks, businesses failing Causes: 1. Overproduction in industries such as factories, railroads, and mining 2. Overspeculation by bankers: too much loaned out that can’t be repaid Lasted a number of years; hard times inflicted the worst effects on debtors, farmers Debtors advocate for relaxation of tight monetary policies Restriction in accessing easy money Debate: “hard currency(gold/silver)” vs “soft currency(paper greenbacks)” Agrarian and debtor groups want cheap money; want greenbacks issued Election of 1876 After 2 terms of Grant Republican Rutherford Hayes vs Democrat Samuel Tilden Political controversy; results in 3 southern states were contested Big controversy on whether Hayes or Tilden will take the white house Compromise of 1877 South/Democrats recognize Hayes as president Hayes would pull federal troops out of south and end reconstruction Hayes provide south political positions(patronage) and federal aid for a transcontinental railroad for the south through texas FORMAL END OF RECONSTRUCTION Federal troops(that protected the African Americans & Republican gov’t) are withdrawn The Court Also Undermines Reconstruction Civil Rights Act of 1875: Protected Rights
Made it a crime for any individual to deny full & equal use of public places

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