10-4 Flashcards
Why wasn’t Grant a good president?
He had little to no political experience and thought that the president’s only role was to carry out laws.
What were the Republicans able to do with the enforcement of Reconstruction during Grant’s first term?
- expand programs to promote commerce and industry
- keep tariffs high
- tighten banking regulations
- increase federal spending on railroads, port facilities, and postal system
- keep the Sin Tax
What was the Sin Tax?
tax on alcohol and tobacco that allowed the government to pay off bonds issued during the war
What hurt Grant’s second term?
A series of scandals.
What happened in the “Indian Ring” scandal?
Grant’s Sec. of War accepted bribes from merchants operating at army posts. He was impeached, but resigned before trial.
What happened in the “Whiskey Ring” scandal?
A group of distillers cheated the government out of money by filing false tax reports. One of Grant’s private secretaries knew about this.
What caused the Panic of 1873 and what happened?
A series of bad railroad investments forced the banking firm of Jay Cooke and Co. to declare bankruptcy. This produced a wave of fear that led to panic.
What happened in the fear wave during the Panic of 1873?
- several smaller banks closed
- stock market plummeted
- thousands of businesses shut down
- tens of thousands left unemployed
These were Southern Democrats that won control over areas that Union troops weren’t as active in.
Redeemers
How did the Southern Democrats try to regain control?
Intimidating African American and Republican voters with militia groups and election fraud.
What happened in the election of 1876?
Republican Rutherford B. Hayes and Democrat Samuel Tilden faced off. Tilden was one vote shy of the majority electoral votes needed, which caused Congress to make the decision.
How did Congress decide the election of 1876?
They appointed a commission of 15 people to figure out who the 20 disputed votes went to. They ended up awarding Hayes with the victory.
What did the Compromise of 1877 by Hayes promise?
- remove federal troops from South
- appoint a Southern to the cabinet
- fund railroads in the South
- help the South industrialize
What happened to Reconstruction after the Compromise of 1877?
It ended.
This is the action of paying rent for farmed land.
tenant farming