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The first scandal to tar the Grant administration was Black Friday, also known as the Gold Panic, that took place in September 1869, when two aggressive private financiers attempted to corner the gold market in the New York City Gold Room, with blatant disregard to the nation's economic welfare. The scandal involved Treasury Department policy ...
Grant retaliated, firing men Sumner had recommended and having allies strip Sumner of his chairmanship of the Foreign Relations Committee. Sumner joined the Liberal Republican movement in 1872 to fight Grant's reelection. [141] Conservative resistance to Republican state governments grew after the 1872 elections.
During Ulysses S. Grant's two terms as president of the United States (1869–1877) there were several executive branch investigations, prosecutions, and reforms carried-out by President Grant, Congress, and several members of his cabinet, in the wake of several revelations of fraudulent activities within the administration.
In 1872, Grant signed into law an act that ended private moiety (tax collection) contracts, but an attached rider allowed three more contracts. [456] Boutwell's assistant secretary William A. Richardson hired John B. Sanborn to go after "individuals and cooperations" who allegedly evaded taxes. Sanborn aggressively collected $213,000, while ...
The Modoc War (1872–1873) and the Battle of the Little Bighorn (1876), were detrimental to Grant's goal of enforced Native assimilation to European American culture and society. Historians admire Grant's sincere efforts to improve Native relations in the United States but remain critical of the destruction of buffalo herds, which served as a ...
After assuming control of the House for the 44th Congress, the Democrats launched a series of corruption investigations into the Grant administration from 1875 to 1876. Today, "Grantism" is defined as any political corruption and greed in government. During Grant's presidency, many of his associates took part in price skimming and tax evasion.
The party emerged in Missouri under the leadership of Senator Carl Schurz and soon attracted other opponents of Grant; Liberal Republicans decried the scandals of the Grant administration and sought civil service reform. The party opposed Grant's Reconstruction policies, particularly the Enforcement Acts. It lost in a landslide, and disappeared ...
Grant's administration and his Radical Republican supporters had been widely accused of corruption, and the Liberal Republicans demanded civil service reform and an end to the Reconstruction process, including withdrawal of federal troops from the South. Both Liberal Republicans and Democrats were disappointed in their candidate Greeley.