gilded age Flashcards
in the 1868 presidential election who did the republicans offer
Ulysses S Grant
what was wrong with the democrats
they were unorganized
who did the democrats offer
Horatio Seymour
how did Seymour gain popularity
by stating that he did not support redeeming greenback money at full value
who won the 1868 election
Grant
grants technique of “wave the bloody shirt” meant
to constantly remind voters of his military record and that he lead the north to victory
what became very common after the civil war
corruption
where did the corruption come through
railroads, meddling with stock prices, and corrupt judges
what did Jim fisk and jay Gould try to do
a scheme in 1869 to corner the gold market to themselves and attempted to get president grant involved
what did boss tweed run
Tammany hall
how did boss tweed use corruption
he used bribes and rigged election to ensure power
who was thomas nast
he was a cartoonist who attacked tweed for his corruption
what was boss tweed an example of
political corruption
who prosecuted tweed
Samuel J Tilden
what was the credit mobilier scandal
the company was constructing the transcontinental railroad and sub hired itself to get paid double
what did the credit mobilier do to avoid getting busted
they gave stock to congressmen
what happened to grant after the scandal
his name was scarred
what was the whiskey ring
when people took whiskey tax money from the government
how did Grant go against his own saying “let no guilty man escape”
his secretary was involved in the whiskey ring and grant let him off the hook
how did William Belknap commit corruption
caught swindling $24,000 by selling trinkets to the Indians.
what were the liberal republicans doing
trying to clean up corruption
the panic of 1873
started with over spending and borrowed money in factories and railroads, and too easy credit given by banks lead to banks becoming bankrupt
how were the blacks affected by the panic of 1873
Freedman’s Savings and Trust Co went bankrupt
what was paper money also called during this time
greenbacks
soft money policies
paper money printed to create inflation and thus make it easier to pay off debts.
hard money policies
keeping the amount of money stable backed by gold, inflation just to pay debt was unfair, since the money paid back wouldn’t be as valuable as when it was lent.
what did Grant do in this panic
he vetoed a bill to print more money
what were debtors thoughts on silver coins
more silver coins meant more inflation which meant paying off debt soonerc
contraction
the amount of money per person decreased and raised value of money
who was gilded age founded by
mark twain
what did the gilded age mean
that everything looked good just like gold/gold plated but if you scratched it you could see that there were some problems
what was different about the republicans
they became puritans
who supported the republicans
north and west and the GAR
who supported the democrats
south/ lutherans and catholics
what were the republicans split into
the stalwarts and the half breeds
who were the stalwarts founded by
Roscoe conkling
who were the half breeds founded by
James blaine
