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the guilded age and the industrial revolution
Terms in this set (22)
the "ohio" idea
Promoted by poor, Midwestern farmers; called for redemption of war bonds in greenbacks, keeping more money in circulation and keep interest rates low
Jim Fisk and Jay Gould
attempted to corner the gold market by making sure no gold was being drawn out so the value of gold could rise, Stock manipulators and brothers-in-law of President Grant, they made money selling gold.
A group of people in New York City who worked with and for Burly "Boss" Tweed. He was a crooked politician and money maker. The ring supported all of his deeds. The New York Times finally found evidence to jail Tweed. Without Tweed the ring did not last. These people, the "Bosses" of the political machines, were very common in America for that time
Political cartoonist who's work exposed the abuses of the Tweed ring, criticized the South's attempts to impede Reconstruction, and lampooned labor unions. Created the animal symbols of the Democratic and republican parties.
Scandalous company created by Union Pacific Railroad insiders, it distributed shares of its stock to Congressmen to avoid detection
During the Grant administration, a group of officials were importing whiskey and using their offices to avoid paying the taxes on it, cheating the treasury out of millions of dollars.
Name for Union paper money not backed by gold or silver. Value would fluctuate depending on status of the war (plural)
hard- wealthy preferred. economic stability
soft- farmers preferred, easier to pay off loans
It pledged the withdrawal of greenbacks from circulation and the redemption of all paper money in gold
Crime of '73
through the coinage act of 1873, the US ended the minting of silver dollars and placed the country on the gold standard. this was attacked by those who supported an inflationary monetary policy, particularly farmers and believed in the unlimited coinage of silver
Rutherford B. Hayes
republican, became President in 1876 because of Compromise of 1877, refused to use patronage system, fired unneeded employees, appointed qualified political independents to Cabinet posts, and reformed the Civil Service to "gov't non-elected workers", 19th president of the united states, was famous for being part of the Hayes-Tilden election in which electoral votes were contested in 4 states, most corrupt election in US history
compromise of 1877
This settled the election of 1876, troops were removed from Louisiana and South Carolina and concessions for building a southern transcontinental railroad made
Plessy v. Ferguson
a 1896 Supreme Court decision which legalized state ordered segregation so long as the facilities for blacks and whites were equal
James A. Garfield
was elected to presidency in 1880. He barely won the popular vote but won by a huge margin in the electoral college. He was assassinated so Stalwarts could be in power in the government. This brought about reforms in the spoils systems.
allowed the president to decide who was hired for federal jobs based on test scores
22nd and 24th president, Democrat, Honest and hardworking, fought corruption, vetoed hundreds of wasteful bills, achieved the Interstate Commerce Commission and civil service reform, violent suppression of strikes
23rd President; Republican, poor leader, introduced the McKinley Tariff and increased federal spending to a billion dollars
Chinese Exclusion Act
Pased in 1882; banned Chinese immigration in US for a total of 40 years because the United States thought of them as a threat. Caused chinese population in America to decrease.
highest tariff in US history upwards of 40%, A highly protective tariff passed in 1880. So high it caused a popular backlash which cost the Republicans votes.
People's Party (populists)
Demanded inflation through free and unlimited coinage of silver to one ounce of gold.They called for a graduated income tax; gov't ownership of railroads, telegraph, and telephone; direct election of senators, one term limit presidencies, referdum to allow citizens to shape legislation, shorter workday; and immigration restriction., Started as Farmer's Alliance, farmers came together and became organized, translated into Populists. Wanted to unite farmers of south/west/poor blacks and whites and industrial/factory workers
It was one of the most violent strikes in U.S. history. It was against the Homestead Steel Works, which was part of the Carnegie Steel Company, in Pennsylvania in retaliation against wage cuts. The riot was ultimately put down by Pinkerton Police and the state militia, and the violence further damaged the image of unions.
Tariff which reduced the Mckinley Tariff's high rate from 48.4 to 41.3 percent.