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Grant’s Black FridayPresident Ulysses S. Grant
During Reconstruction, greenbacks issued without gold backing them.
James Fisk & Jay Gould sought to corner the gold market
Conspired with Grant’s brother-in-law, financier Abel Corbin
Manipulated Grant in social situations to hold gold
Summer 1869 - started buying up all the gold (Prices rise, stocks plummet)
September 20, 1869 - start hoarding gold (Drive prices even higher)
September 24, 1869 - Grant discovers what is going on and releases gov’t gold and prices plummet
Whiskey Ring Scandal
During the Reconstruction, the government needed funds to help the recovery process
Enacted steep taxes - especially on liquor
Upset, distilleries concocted a plan to retain the money which involved bribing gov’t officials.
St. Louis, Chicago, Milwaukee, Cincinnati, New Orleans, Peoria
Soon, millions of $ were missing in federal taxes and high gov’t officials (including President Grant’s personal secretary Orville E. Babcock) were embroiled.
In 1875, it was finally busted by the new Secretary of treasury Benjamin Bristow.
Gilded AgeSegregation and Social Tensions
Chapter 7 Page 182
Essential Questions
E.Q. 15 - Explain the impact of different forms of corruption and its consequences in American politics during the later half of the Age.
E.Q. 17 - Determine the progress of political and social reform in America during the Progressive Era.
Objectives
Assess how whites created a segregated society in the South and how African American responded.
Analyze efforts to limit immigration and the effects.
Compare the situations of Mexican Americans and of Chinese immigrants to those of other groups.
Differentiate between various figures of opposition to African America oppression.
African Americans
Following the Civil War and Reconstruction, southern states are allowed to reassert control over African Americans once again.
Acts aimed at disenfranchising blacks
Jim Crow laws: laws that kept blacks and whites segregated
Voting
15th Amendment: prohibited denying right to vote based on “race, color, or previous condition of servitude (i.e. being a slave)”
Southern states got sneaky and began passing other “legal” measures such as: poll taxes, literacy tests, & grandfather clauses
Or, resorted to illegal measures like violence
Segregation
Jim Crow: enforced segregation (railroad cars, restaurants, jury boxes, cemeteries, schools, parks, beaches, and even hospitals)
Plessy v. Ferguson (1896): landmark Supreme Court case that ruled “separate but equal” was constitutional
Booker T. Washington
(1856 - 1915) : A former slave, he eventually became an educator, author, orator, and political leader.
Advocated African Americans accommodating to Jim Crow laws (instead of wasting time trying to overturn them) and believed the surest way to gain equal social rights was to demonstrate “industry, thrift, intelligence and property.”
Became first leader of Tuskegee Institute
Voting was a privilege.
W.E.B. Du Bois
(1868 - 1963) Received Ph.D. from Harvard University
Criticized Washington’s philosophies of accommodating whites’ racism and segregation
Proposed that blacks should demand full and immediate equality and not limit themselves to “merely” vocational work
Voting was a right.
Ida B. Wells
(1862 - 1931) Born into slavery
Became a schoolteacher
1892: After a mob attack on close friends, wrote an editorial attacking the practice of lynching in the South.
Lifelong crusade against lynching.
Chinese Immigrants
Racial prejudice on West Coast
1879 - CA barred cities form hiring Chinese workers
Mobs of white workers attacking Chinese
Chinese Exclusion Act (1882)
signed by President Chester A. Arthur
banned Chinese immigration
Mexican Americans
Arguments over who held land at the end of the Mexican-American War (and after the signing of The Treaty of Guadalupe Hidalgo) led to bitter resentment between Mexicans & Americans.
Las Gorras Blancas: a groups of Mexicans especially upset about loss of land, targeted properties of very large ranch owners; cut holes in barbed wire, burned houses
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