America stood1 - 'sPresidency.Settlingadispute ,...

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America stood at an important crossroads during Grant's Presidency. Settling a dispute  with Britain over the Northwest Territory, America for the first time understood its borders  exactly and undisputedly. It had a stable currency for the first time, and the Gilded Age  was on the horizon. America needed a forward thinker who could rebuild–and Grant  was not the right man. The first major problem of Grant's administration arose over gold. Grant obeyed the  conservative Republicans who believed that the United States needed to rid itself of the  paper money issued during the war. Grant therefore signed legislation declaring the  government's intention to cash in the paper money for gold–and he ultimately got duped  by two speculators, Jay Gould and Jim Fisk. The Secretary of the Treasury controlled 
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