Test #2 Flashcards

1
Q

William “Boss” Tweed

A
  • has group “The Tweed Ring” in NY
  • corrupt
  • a political boss
  • would hand out turkeys and hams a week before elections to help win
  • corruption thru building projects
    a) Tweed embezzled at least 40 mil and at most 200 mil
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2
Q

political boss

A
  • someone who has immense power and influence
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3
Q

Grant’s presidency

A
  • 46 when going into White House
    a) loved by Americans,
    + city of NY collected 105k for him (as a ty for winning the war)
    + IL bought him a house in his home town
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4
Q

Grant’s Philosophy for Reconstruction

A
  • favored a soft approach , wanting to “move on”

- his stance changed after guidance; wants to punish the South

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5
Q

First Term Foreign Affairs

A
  • Cuba, 1870s
    a) Cuba wants to revolt against Spain
    b) Spanish seize a boat and kill 53 ppl, some of which were Americas
    c) US negotiates a deal and is compensated for their losses
  • 1871
    a) British compensates US, giving 15.5 mil to pay back for damage of war
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6
Q

Election of 1872

A
  • Republicans
    a) Grant stays as candidate
    b) ppl
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7
Q

During the election, it was said that Greeley was…

A
  • an Atheist
  • a communist
  • a proponent for free love
  • a vegetarian
  • a cosigner of the bail bond of Jefferson Davis (the most grave accusation)
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8
Q

A month after the election…

A
  • Greeley:
    a) his wife dies
    b) loses his jobs
    c) has a nervous breakdown
    d) placed in a sanitarium where he then dies
    (election basically ruins his life)
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9
Q

Resumption Act

A
  • withdrawal of Greenbacks from circulation + redemption of all paper currency
  • in gold by 1879
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10
Q

Greenbacks

A
  • paper money issued during the civil war

a) lost favor during the Depression of 1873

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11
Q

Depression of 1873

A
  • war time economy gone
  • profits down
  • banks called in their loans
  • 5000 business went bankrupt
  • in NY unemployed fought the police
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12
Q

Whiskey RIng

A
  • robbed US Treasury of millions in revenue

Grant’s private secretary

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13
Q

Belmap

A
  • Grant’s secretary of war

- took bribes from Indian traders at army posts

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14
Q

Grant’s minister in Britain…

A
  • sold stock for bogus mining company to Englishmen
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15
Q

3 Positives of Grant’s “Eight Long Years of Scandal”

A
  • The period of Reconstruction was almost over, the North and South slowly beginning to come together
  • Westward Expansion in full swing, industry booming
  • Grant pushes Civil Service Reform
    a) wanted to reform politicians, as they needed to change bc everyone is looking at the “Spoils System”
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16
Q

Jim Fist and Jay Gould

A
  • try to corner the gold market (buy when price is low, sell when price goes up)
  • Fist also steals millions from the Erie railroad
  • Gould also swindles deals with many railroads (died with a will of 72m)
17
Q

credit mobilar

A
  • fake company
  • created by stockholders of the Union Pacific Railroad
    a) would end up paying themselves
  • up to 13 congressmen believed to have taken part
    (also believed a VP had 20 shares in stock)
  • 2 members of Congress formally censored