Unformatted text preview: APUSH 6.2
Political Paralysis in the Gilded Age Name: ______________________ Gilded Age
the late 1800s – the times looked glittery and “The Gilded Age” – A term coined by Samuel Clemens (AKA: Mark Twain) to describe _______________________________________
but hid a dark/worthless underbelly
connection of the country The period held the creation of the first ____________,
billionaires the _________________________________,
immigrants living in squalid conditions
well as political
business dealings, and a growing wave of destitute
Era of Good Stealing
Jay Gould and James Fisk
two speculators Black Friday, 1869: Caused by __________________________
to corner the gold
market on the New York Gold Exchange.
It was generally believed that the U.S. Government would buy back the “greenbacks" from the Civil War with Gold :____________________________________________________________________________________________________________
President Grant’s brother-in-law Gould and Fisk recruited ________________________________,
Albert Corbin, who gave them _________________________to
opportunities to get close
argue against government sale of gold
President, and __________________________________________.
They convinced Grant to ______________________________
appoint one of their partners
assistant Treasurer of the United States, who would _______________________________________________________________.
tip the men off when the governement intended to sell gold Gouldbegan
buying large amounts of gold, which caused prices to rise and stocks to plummetThe federal government sold $4 million
driving prices even higher.
in gold to balance Gould’s actions. Gould bought more, _________________________________________.
marred by the scandal (the first of many) Grant’s administration was ____________________________________________________,
called the “era of Good Stealings”.
Crédit Mobilier shares of stock(from the Union Pacific RR) Crédit Mobilier Scandal: In 1868, Congressman Oakes Ames had
discovered until 1872
to other congressmen, in addition to making ____________,
cash bribes during Andrew Johnson’s presidency. Was not ___________________,
during Grant’s re-election campaign.
Exposed in 1875, it involved the diversion of millions of dollars in tax revenues in a conspiracy Whiskey Ring Scandal: ___________________________________________________________________________________
Republicans politicians, whiskey distillers, and distributors
government agents, mostly _____________________________________________________________________________. Belknap Scandal: Involved Secretary of War William W. Belknap, his wife, and two federal appointees who received quarterly
illicit Fort tradership contract
kickback payments derived from an ______________________________________.
Post War Money Troubles
railroad & factories and _________________________.
too-easy credit given by banks Panic of 1873: Caused by ______________________,
over-speculation in __________________,
create inflation and thus make it easier to pay off _____________________________________
(“greenbacks”) printed to ________________________________________
Debtors wanted paper money
advocated coinage of silver
debts; called “_____________________”
policy (__________________________________________). _____________________________– started with the mission of bringing soft money policies to life.
Greenback Labor party Bankers and the wealthy felt this was unfair because debts would be paid back at lower values than initially given;
favored “hard money” policies. President Grant passed the ______________________________
that lowered the number of greenbacks in circulation and redeem
the Resumption Act (1875)
paper money at face value.
Ulysses S. Grant
Dates in Office: 1869-1877
Nickname: “Unconditional Surrender”
Political Party: Republican
Major Events: Crédit Mobilier Scandal “waving the bloody shirt” Panic of 1873 Transcontinental Railroad Completed Whiskey Ring Scandal Black Friday Scandal Belknap Bribery Scandal Fifteenth Amendment Ratified Battle of Little Bighorn
Compromise of 1877- AKA: __________________________________________________________
Neither candidate won the electoral majority
was elected as Republican
– was solved by the ____________________:
Compromise of 1877 Hayes ___________________________
the assurance that he would remove military occupation in the South
president, with ______________________________________________________________________________________.
Rutherford B. Hayes
Dates in Office: 1877-1881
Political Party: Republican
Major Events: Compromise of 1877 Great Railroad Strike of 1877 Knights of Labor is established
Why did Samuel Clemens name the post-Reconstruction era the “Gilded Age”? Cite an example of this definition.
The Republican Party Splits
Half-breeds Stalwarts James Garfield
Dates in Office: 1881
Nickname: Boatman Jim
Political Party: Republican
Major Events: Elected with Stalwart Chester A. Arthur as running mate Assassinated by Charles J. Guiteau (Stalwart) Chester A. Arthur
Dates in Office: 1881-1885
Nickname: Prince Arthur
Political Party: Republican (Stalwart)
Major Events: Chinese Exclusion Act Pendleton Act Civil Service Reform ________________________________________
– required merit ( ___________________________) to receive
Pendleton Civil Service Act
eliminate the Jacksonian "spoils system" tradition
would essentially __________________________________________________________.
affected only 10% of government jobs, but stopped the worst offenses Initially ______________________________________________________________________________________________.
Mudslingin in ‘84
who did not agree with the nomination of James G. Blaine, and voted for Democrat Grover Cleveland. Mugwumps:Republicans
Cleveland's illegitimate child Mudslinging reached its worst level yet, focusing on ____________________________________________.
"Ma,Ma, where's my pa?" The popular Republican slogan: “________________________________________________”
Democrats responded with the " Gone to the Whites House, ha ha ha!" After Cleveland’s win, __________________________________________________________________________”
Dates in Office: 1885-89, 1893-1897
Dates in Office: 1889-1893
Nickname: His Obstinancy, Grover the Good
Nickname: The Front Porch Campaigner
Political Party: Democrat
Political Party: Republican
Major Events: Presidential Succession Act Sherman Anti-Trust Act Dedication of Statue of Liberty Sherman Silver Purchase Act American Federation of Labor is established McKinley Tariff Interstate Commerce Act Homestead Strike Dawes Severalty Act LEAVE ROOM!!! The Lone Democrat
was the first democratic president since Buchanan Cleveland _________________________________________________________
a laissez-faire capitalism mindset
big business very happy Had a ____________________________________________,
which made __________________________________________.
the North-South gap by naming two former Confederates to his cabinet (jobs awarded by merit, as per the Pendleton Act) Bridged
Union war veterans who generally sided with Republicans The Grand Army of the Republic (________________________________________________________)
pushed several bills through
Congress that ________________________________________________________________________________.
gave pensions to many veterans, though not always well-deserved. Many of these bills were vetoed by Cleveland.
A Budgetary Anomaly Cleveland had an unusual problem – a budget surplus. Most extra money came in as a result of high tariffs
even more unpopular with Republicans To get rid of the surplus, Cleveland cut taxes and asked for a reduction in the tariff. This made him __________________
Republican candidate Benjamin Harrison Cleveland would lose the upcoming election to ____________________________________________________________
(William Henry Harrison’s grandson).
The Billion Dollar Congress
reasserted their power in Congress Republicans ________________________________________________________ Became known as the “Billion Dollar Congress” – the _________________________________________________________.
the first time Congress had doled out that much money.
Pensions were given liberally to veterans ______________________________________________________
silver was purchased More __________________________________________. The McKinley Tariff hiked rates to 48% ...
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