A Tale of Today The book co-written with Charles Dudley Warner satirized the promised ' golden age ' after the Civil War, portrayed as an era of serious social problems masked by a thin gold gilding of economic expansion. For them, "Gilded Age" was a pejorative term used to describe a time of materialistic excesses combined with extreme poverty.
Term coined by Mark Twain. As business boomed, strong North-South divisions remained. Corruption in both business and politics was common Politics Weak presidencies "Forgotten Presidents" legislative domination by Congress and the Republican Party. Party loyalists were determined by region, religious, and ethnic differences more than issues.
Liberal Republicans Disgusted with scandals of the Grant Administration, this group supported Horace Greeley, the Democratic candidate, in the election. This would create inflation and higher crop prices. Dissolved init united with workers to form the Greenback-Labor Party. It conducted its last national campaign in It was succeeded in the s by the Populist Party.
This could be accomplished by issuing paper currency and by increasing the minting of silver coins. This would benefit farmers who were suffering from lower crop prices as a result of overproduction. It would also help farmers and other debtors pay back loans since they would be repaid with depreciated dollars dollars that would buy less.
Creditors wanted paper money removed from circulation and to limit or end the minting of silver coins to decrease the money supply. A smaller money supply would lead to deflation contraction and falling prices. This would benefit creditors since loans would be paid back in dollars worth as much or more than when lent out.
Also, workers were reluctant to see rising prices since their wages might not keep up with inflation. This led to calls for a return to the "Dollar of Our Daddies" which was basically a call for inflation.
The Bland-Allison Act represented a halting return to bimetallism gold and silver backing the currency. Gold remained a far greater feature of the monetary picture than silver, so the term "limping bimetallism" has frequently been used to describe this program.
Treasury notes would be redeemable in either gold or silver. As the price of silver continued to decline due to the discovery of new silver, holders of the government notes understandably redeemed them for gold rather than silver. The result of the growing disparity between the two metals was the depletion of the U.
Grant Military hero of the Civil War, he led a corrupt administration, consisting of friends and relatives.
Although Grant was personally a very honest and moral man, his administration was considered the most corrupt in the U. The company hired themselves to build a railroad and made incredible amounts of money from it. In an attempt to cover their tracks, they paid key congressmen and even the Vice-President with stocks and large dividends.
All of this was exposed in 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.
The cartoon showed condemning evidence of the corrupt ringleader and he was jailed shortly afterwards. Hayes ; Compromise of Rutherford B. Hayes - Republican, Civil War general, received only electoral votes.
Tilden - Democrat, receivedmore popular votes than Hayes, and of the electoral votes needed to win. In return, Hayes promised to show concern for Southern interests and end Reconstruction. He took Union troops out of the South.
His greatest accomplishment was to endorse reform of the spoils system by supporting passage of the Pendleton Act. It created a merit system of making appointments to government jobs on the basis of aptitude rather than who-you-know, or the spoils system.
Gone to the White House, ha, ha, ha!As a follow-up to Tuesday’s post about the majority-minority public schools in Oslo, the following brief account reports the latest statistics on the cultural enrichment of schools in Austria.
Vienna is the most fully enriched location, and seems to be in roughly the same situation as Oslo. Many thanks to Hermes for the translation from torosgazete.com The Gilded Years: A Novel - Kindle edition by Karin Tanabe. Download it once and read it on your Kindle device, PC, phones or tablets.
Use features like bookmarks, note taking and highlighting while reading The Gilded Years: A Novel. The following terms and individuals have been covered in some fashion in our unit on the Gilded Age in American history. Review each of these terms in their definition or explanation and be prepared to place them in context in a variety of methods.
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