Chapter 23-25 Notes for Ap Us History
Chapter 23
The "Bloody Shirt" Elects Grant
The Republicans nominated General Grant for the presidency in 1868. The Republican Party supported the continuation of the Reconstruction of the South, while Grant stood on the platform of "just having peace."
The Democrats nominated Horatio Seymour.
Grant won the election of 1868.
The Era of Good Stealings
Jim Fisk and Jay Gould devised a plot to drastically raise the price of the gold market in 1869. On "Black Friday," September 24, 1869, the two bought a large amount of gold, planning to sell it for a profit. In order to lower the high price of gold, the Treasury was forced to sell gold from its reserves.
"Boss" Tweed employed bribery, graft, and fraudulent elections to milk New York of as much as $200 million. (Tweed Ring) Tweed was eventually put into prison.
A Carnival of Corruption
In addition to members of the general public being corrupt, members of the federal government also participated in unethical actions.
The Credit Mobilier scandal erupted in 1872 when Union Pacific Railroad insiders formed the Credit Mobilier construction company and then hired themselves at inflated prices to build the railroad line, earning high dividends. When it was found out that government officials were paid to stay quiet about the illicit business, some officials were censured.
The Liberal Republican Revolt of 1872
In response to disgust of the political corruption in Washington and of military Reconstruction, the Liberal Republican Party was formed in 1872.
The Liberal Republican Party met in Cincinnati and chose Horace Greeley as their presidential candidate for the election of 1872. The Democratic Party also chose Greeley as their candidate. The Republican Party continued to put its support behind President Grant. Grant won the election of 1872.
The Liberal Republicans caused the Republican Congress to pass a general amnesty act in 1872; removing political disabilities from most of the former Confederate leaders. Congress also
The "Bloody Shirt" Elects Grant
The Republicans nominated General Grant for the presidency in 1868. The Republican Party supported the continuation of the Reconstruction of the South, while Grant stood on the platform of "just having peace."
The Democrats nominated Horatio Seymour.
Grant won the election of 1868.
The Era of Good Stealings
Jim Fisk and Jay Gould devised a plot to drastically raise the price of the gold market in 1869. On "Black Friday," September 24, 1869, the two bought a large amount of gold, planning to sell it for a profit. In order to lower the high price of gold, the Treasury was forced to sell gold from its reserves.
"Boss" Tweed employed bribery, graft, and fraudulent elections to milk New York of as much as $200 million. (Tweed Ring) Tweed was eventually put into prison.
A Carnival of Corruption
In addition to members of the general public being corrupt, members of the federal government also participated in unethical actions.
The Credit Mobilier scandal erupted in 1872 when Union Pacific Railroad insiders formed the Credit Mobilier construction company and then hired themselves at inflated prices to build the railroad line, earning high dividends. When it was found out that government officials were paid to stay quiet about the illicit business, some officials were censured.
The Liberal Republican Revolt of 1872
In response to disgust of the political corruption in Washington and of military Reconstruction, the Liberal Republican Party was formed in 1872.
The Liberal Republican Party met in Cincinnati and chose Horace Greeley as their presidential candidate for the election of 1872. The Democratic Party also chose Greeley as their candidate. The Republican Party continued to put its support behind President Grant. Grant won the election of 1872.
The Liberal Republicans caused the Republican Congress to pass a general amnesty act in 1872; removing political disabilities from most of the former Confederate leaders. Congress also