chapter 2 Flashcards

1
Q

Election of 1868

A

Republicans: Ulysses S. Grant (war hero) (no real experience)
Democrats: Seymour - Former of gov. of NY - winning would be difficult b/c rep.s would blame them for civil war - said Grant was stupid and a drunk
Outcome: Grant - 3 mil, 214 EV Seymour 2.7 mil, 80 EV

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2
Q

Credit Mobiler

A

Scandal, stockholders of Union Pacific RR company made fake company
Payed themselves from fed. grants to build their own RR
13 members of congress were involved

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3
Q

Boss Tweed

A

Political boss - ran all politics in NY
NY City & state - democrat
1873 went to jail (stole betw. 40-200 mil)

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4
Q

Bloody Shirt

A

Ohio tax collector beaten by KKK -> his bloody shirt goes to the Military -> give it to a republican senator who uses it to get votes for Grant -> Af. Americans vote in great numbers

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5
Q

Election of 1872

A

Rep: stay with Grant - people loved him

Lib Rep: Horace Greeley - get rid of corruption (purify the party)

Dem: no candidate - told dem. voters to vote for Greeley

Outcome: Grant - 286 EV Greeley - 63 EV

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6
Q

Whiskey Ring

A

1875 - Grant’s secretary robbed US treasury of millions in revenue from alcohol tax

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7
Q

Resumption Act

A

withdraw of greenbacks from circulation & redemption of all paper money into gold by 1879

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8
Q

Greenbacks

A

Paper money - issued during civil war - lost favor during the depression of 1873

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9
Q

Foreign Policy Problems

A
  • Cuba: nationals rose up against Spain
  • 1873: Spanish Navy seized an American vessel -> executed 53 passengers (some US citizens) -> Spain will pay damages
  • 1871: Britain agree to pay 15.5 mil in damages for piracy during the civil war
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10
Q

Depression of 1873

A

Wartime economy was gone - profits went down - banks called in their loans - 5000 businesses went bankrupt - in NYC, unemployed battle the police

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11
Q

Grant’s Administration

A
  1. Reconstruction almost over -> Nrth & Sth started to come together
  2. Expansion west was moving forward -> industry was ready to boom despite depression
  3. Grant wanted civil service reform -> politicians now had to be careful
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12
Q

Seward’s Folly

A

Secretary of State (Seward) buys Alaska for 7.2 million to Russia
people laugh at him
gets Russia off the continent

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