1 / 15

Grant’s Black Friday

Grant’s Black Friday. President 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

chen
Télécharger la présentation

Grant’s Black Friday

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. Grant’s Black Friday • President 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

  2. 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.

  3. Gilded Age • Segregation and Social Tensions • Chapter 7 Page 182

  4. 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.

  5. 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.

  6. 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

  7. 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

  8. 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

  9. 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.

  10. 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.

  11. 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.

  12. 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

  13. 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

  14. Draw Profile Pic Likely Ad Here Old Status Update Pic Pic Friend’s Reply 3 True Pieces of Info Pic Old Status Update Pic Friend’s Reply 1 Friend Name & Pic Likely Ad Here Pic Old Status Update Pic Old Status Update 3 Likes Text Friend’s Reply Pic Pic Friend’s Reply

More Related