153 consequently though the budget exploded giving

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Unformatted text preview: ive higher rates for shorter distances). Tariffs – e/t they started out as measures to protect industries, tariffs were being abused by big companies to charge excessively high prices. Tariffs became a big party issues, as Republicans made protective tariffs part of their platform while Democrats pushed to lower rates (reduce the surplus by cutting taxes/tariffs, gov’t shouldn’t be making $). In the end, Republicans won out w/the McKinley Tariff of 1890 and then the Dingley Tariff of 1897. Monetary Policy – when prices fell after the Civil War, farmers got into trouble b/c their debts were worth the same, but their products were worth less. As a result, they went for silver while creditors favored a more stable gold-backed money supply. The whole deal even turned into a sort of class conflict and moral/religious thing. By 1870 the sides were clear – creditors (gold) and debtors (silver) – and when silver dollars were taken away after their value went up in respect to gold it was referred to as the “Crime of ’73.” The Bland-Allison Act (1878, allowed the Treasury to buy $2-4 million of silver) and Sherman Silver 152 Purchase Act (1890) were concessions, but the silver side remained unsatisfied. - Overall, corruption notwithstanding, many important acts were passed during the Gilded Age. *The Gilded Age Presidents* - After the scandals of Grant’s administration and the election of 1876, Gilded Age Presidents attempted to reestablish the legitimacy of the Presidency. They also began initiating legislation and using the veto more. - Rutherford B. Hayes (Republican, 1877 – 1881) was a quiet compromiser who emphasized nat’l unity, opposed violence, and attempted to get rid of the spoils system by battling Conklin (he fired Chester Arthur, Conklin’s protégé, from NY Customs). - James Garfield (Republican, 1881) aimed to reduce the tariff and maintain and independent position, but he was assassinated by a rebuffed patronage seeker and was succeeded by former Conklin protégé Chester Arthur (Republican, 1881 – 1885), who actually became a pru...
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This note was uploaded on 04/02/2014 for the course APUSH AP United taught by Professor Orban during the Fall '10 term at Harrison High School, Harrison.

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