Flashcards in APUSH Quiz Gilded Age Deck (46):
What does waving the bloody shirt mean?
Using Civil War memories to gain support for presidents
Who did the Republicans nominate by waving the bloody shirt?
Ulysesses S Grant who had no political experience
Why were the Democrats disorganized?
only denounce military Reconstruction and couldnt agree on anything else
Who won the election of 1868?
Grant because they waved the bloody shirt and used his popularitty to elect him
Who was the democrat candidate for the election of 1868?
didnt accept a redemptin of greenbacks for maxium value platform and thus doomed his party
What happened during the era of good stealings?
population mushroomed due to incoming immigration
politics became very corrupt
How was politics becoming corrupt?
Railroad promoters cheated gullible customer
Stock market investors were a cancer in the public eye
Too many judges nd legislators put their power up for hire
What were the two notorious millionaires
What was Jim Fisk and Jay Gould plan?
they wanted to corner the gold market that would only work if the treasury stopped selling gold
They worked through President Grant and his brother in law
their plan failed when the treasurey sold gold
What was the Tweed Ring?
employed bribery, graft, and fake elections to cheat the city out of 200 million $
What was another name for Tweed Ring?
Who led Tweed Ring?
How was Tweed caught?
New York Times secured evidence on his misdeeds, and even though he was defended by Tilden, he was imprisioned
Who was a political crtoonist who constantly drew against Tammany's corruption?
What did Grant fail to see?
his friends wanted offices
cabinet was corrupt (except secretary of state Henry Fish)
and his in laws (Dents) were terrible
What was the name of the railroad company that paid itself huge sums of money for small construction?
What happened to the Credit Mobilier?
NY newspaper company busted it
2 members of Congress were censored (the company gave some stock to the congressmen)
VP was shown to have taken 20 shares of stock
In 1875, who robbed the treasury of millions of dollar?
When Grant's own private secretary was shown to be one of the criminals, what statement did Grant retract?
Let no guilty man escape
Who was shown to have pocketed some $24,000 by selling junk to indians?
Secretary of War William Belknap
By 1872, a power wave of what was building?
disgust at Grant's administration building despite the worst of scandels not being revealed yet
What did reformers organize during the wave of disgust townrds Grant's admnistraion building?
Liberal Republican Party
Nominated Horace Greeley
Who also supported Greeley even though he had blasted him in his newspaper (the NY Tribune)?
How did Greeley please the Democrats?
he called for a clasping of hands between the north and the south and an end to reconstruction
What was Greeley called?
signer of Jefferson's Davis Bill bond (that was true)
What was grant called?
Who won the electoral and popular vote between Greeley and Grant?
What did the republican congress pass in 1872 that removed political disabilities from all by some 500 former Confederate leaders?
What caused the Panic of 1873?
too many railroads and factories being formed than existing markets could bear and the over loaning by banks to those projcts
What causes were the same for the Panic of 1873 as the other recessions every 20 years?
Too easy credit
What event started the Panic of 1873?
failure of NY banking firm Jay Cooke and Company, which was headed by the rich Jay Cooke, a financier of the Civil War
During the panic, why did people want greenbcks to be printed again?
cheap money supporters
What was the Resumption Act of 1875?
supporters of hard money (gold and silver) persuaded grant to veto a bill that would print more paper money and it pledged the government to further withdraw greenbacks and made all further redemption of paper money in gold at face value starting in 1879
What did grant refuse to do?
coin more silver dollars which had been stopped in 1873
Debators cried that silver was undervalued (called for inflation)
What shot the price of silver down?
new silver discoveries in the later 1870s
What was Grant's name fused to?
money, not government
As greenbacks regained value, Did many greenback holders exchange their more convient bills for gold when Redemption day came in 1879?
No, only few
What Act instructed the Treasury to buy and coin between 2-4 million $ worth of silver bulion each month?
Bland Allison Act 1878
What was the effect of Bland Allision Act?
the minimum was actually coined
was minimal on creating cheap money
What helped spawn the Greenback Lablr Party in 1878?
The republican hard money policy
election of a democratic house of representatives in 1874
Who coined the term Gilded Age?
What does the Gilded Age mean?
hinted that times looked good, yet if one scratched a bit below the surfface, there were problems. Times were filled with corruption ad presidental squeakers, and even though democrats and republicans had similar ideas on economic issues, there were fundimental issues
What were the Republicans more like?
traced lineage to puritans
had strong votes in the north and west and Grand Army of the Republic (GAR)
What is the Grand Army of the Republic?
organization made up of former union vets
What were the Democrats more like?
Lutherans and Roman Catholics
strong support of south