The "Bloody Shirt" Elects Grant
For the election of 1868, the GOP chose General Ulysses S. Grant as their candidate. They used him for “waving the bloody shirt” (using the war divisions to rally voters)
However, a divide existed between the party bosses and the candidate. The Party wanted military reconstruction to continue in the South, but Grant wanted to maintain peace in the Union. “Let us have peace”
The Democrats, while united under one nation, failed to agree on a platform other than ending reconstruction. Monetary bond policy divided each section of delegates, precipitating a failure on election day.
Eventually the Dems chose former New York Governor Horatio Seymour, who alienated midwestern voters by rejecting a plan to buy back bonds with loose currency …show more content…
The Era of Good Stealings
Two men, Jim Fisk and Jay Gould created a plan to make a killing by owning all of the gold, and releasing none of it. By buying off Grant’s administration, Fisk and Gould raised the price of gold to an outrageous amount.
On Black Friday, the US Treasury was compelled to release gold and lower the price of gold to save the economy, thus killing the plot off, and ruining the economy and local business. Although Grant looked stupid for not knowing about the plot, he was found non-complicit during a congressional
For the election of 1868, the GOP chose General Ulysses S. Grant as their candidate. They used him for “waving the bloody shirt” (using the war divisions to rally voters)
However, a divide existed between the party bosses and the candidate. The Party wanted military reconstruction to continue in the South, but Grant wanted to maintain peace in the Union. “Let us have peace”
The Democrats, while united under one nation, failed to agree on a platform other than ending reconstruction. Monetary bond policy divided each section of delegates, precipitating a failure on election day.
Eventually the Dems chose former New York Governor Horatio Seymour, who alienated midwestern voters by rejecting a plan to buy back bonds with loose currency …show more content…
The Era of Good Stealings
Two men, Jim Fisk and Jay Gould created a plan to make a killing by owning all of the gold, and releasing none of it. By buying off Grant’s administration, Fisk and Gould raised the price of gold to an outrageous amount.
On Black Friday, the US Treasury was compelled to release gold and lower the price of gold to save the economy, thus killing the plot off, and ruining the economy and local business. Although Grant looked stupid for not knowing about the plot, he was found non-complicit during a congressional