In hopes of rebuilding America, the capitalists’ hunger for wealth only widened the gap between the rich and poor. During the 1800’s, business leaders who built their affluence by stealing and bribing public officials to propose laws in their favor were known as “robber barons”. J.P. Morgan, a banker, financed the restructuring of railroads, insurance companies, and banks. In addition, Andrew Carnegie, the steel king, disliked monopolistic trusts. Nonetheless, ruthlessly destroying the businesses and lives of many people merely for personal profit; Carnegie attained a level of dominance and wealth never before seen in American history, but was only able to obtain this through acts that were dishonest and oftentimes, illicit.
Later in the fall of 1869 Gould and Fisk conspired with the brother-in-law of President Ulysses S. Grant to corner the gold market, causing the panic of "Black Friday," September 24, 1869, and a tremendous margin call for Gould. He was even reported as telling his partners to buy as he was selling tremendous volumes of gold. After the crash his partners were left with nothing as Gould went long the market at the lowest levels. Gould continued to loot the Erie until his departure in 1872. His role in the Erie War and the attempted gold corner gave him a reputation as the prime financial predator of the age.
Biddle continue to obstacle the credit at a time when it was needed due to businesses expansion, causing national panic. Biddle’s actions proved President Jackson had taken the proper decisions. Massive inflation, was the root for the “Specie Circular” in July of 1836; a decree that only gold and silver could be accepted in purchasing public lands. Soon after issuing this legislation, the minting of a new dollar was announced and the democrats credit Andrew Jackson to had restored “real money” to the nation. In Jackson’s view Bidden’s and his represented aristocracy had lost the bankwar and the later was forced into accepting defeat.
Additionally, monopoly owners nationally raised prices such as docking wages and railroad rates just to get an extra million in their bank accounts. Roosevelt found it inequitable that while powerful business owners were stuffing their faces with food, the masses were hardly capable of supporting their families. Roosevelt also believed that big businessmen similar to Rockefeller had a stranglehold on the economy and could ruin corporate trust systems altogether. Theodore Roosevelt despised such monopolies and took action soon after becoming president. He created the Sherman Anti-Trust Act in 1890 and declared that “every contract, combination in the form of trust or otherwise, or conspiracy, in restraint of trade or commerce among the several Stat... ... middle of paper ... ...e, during, and after his presidency created a lasting impression on America.
The Largest change of the Southern voters occurred in 1960 when "the southern white Protestant presidential vote went Republican"(Wayne p62). This would of allowed for the democrats to lose the south if the black electorate had not voted Democrat. The black Southern voters at the time of the 1960's were just again able to participate with their rights to vote. This was because shortly after the Civil War and reconstruction the So... ... middle of paper ... ...ds, William. <a href="http://click.linksynergy.com/fs-bin/stat?id=pcZ8g7DjAzA&offerid=6424&type=2&subid=0&url=http%253A//search.borders.com/fcgi-bin/db2www/search/search.d2w/Details%253F%2526mediaType%253DBook%2526prodID%253D3901535" >Political Attitudes in the Nation & the States<IMG border=0 alt=icon width=1 height=1 src="http://ad.linksynergy.com/fs-bin/show?id=pcZ8g7DjAzA&bids=6424&type=2&subid=0" >.
When the right has control of it, government IS the problem, as in starting illegal wars, illegal wiretapping (Judge just ruled on that one yesterday), massive theft from the middle and lower classes in favor of the super-rich, Guys who tout Family Values having gay sex in airports, ... ... middle of paper ... ...machine disguised as a news station. That makes you a Republican. Hell, if I were a conservative, I would be mad as hell! Not at the liberals and moderates, who after all have only been pushing for the things that liberals and moderates always push for, but at the conservative "leaders" who have betrayed the very essence of conservatism. I would be angry as hell at the Glenn Becks and Rush Limbaughs of the world who cynically manipulate both their listeners and their party for monetary gain, and for fame.
Around 1898 Harding started to pursue a political career urged by... ... middle of paper ... ...The scandal damaged the public reputation of the Harding administration, which was already severely diminished by its poor handling of the Great Railroad Strike of 1922 and the President's veto of the Bonus Bill in 1922. The Teapot Dome Scandal was the most famous scandal and ruined President Harding’s reputation. The Scandal was a bribery, Senator from New Mexico and Harding’s friend was convicted of taking the bribes from oil executives. It occurred because the federal government inserted itself in economic matters.
He saw an industry plagued from overproduction and his own success was being threatened by... ... middle of paper ... ...ush you and your children and your children's children" (Raymond 198)! Already strained by the demands of making money, Rockefeller now staggered under the new pressures of giving it away. "I investigated and worked myself almost to a nervous breakdown," he said, "in groping my way through the ever-widening field of philanthropic endeavor" (Raymond 199). John D. Rockefeller created an industrial empire, and a personal fortune on a scale that the world had never known. He ruthlessly crushed his competitor s in the process, alienating the public and leaving a stain on the family name.
Their plan of action was to lie and say one company would build the railroad and another would oversee it, raking in more money than was expected. Other public corruptions included the rise and fall of Boss Tweed. The mayor of New York swindled the people of New York out of two hundred million dollars (Kennedy). There was also the Whiskey Ring of 1875. This was a group of congressmen who decided not to pay the excise tax on whiskey, putting the country in two million dollar debt (Bailey).
Credit Mobilier-Congressmen took bribes from this construction company in return for federal contracts. “Waving the Bloody Shirt”-The Republicans use this as a way to remind the Democrats of their loss and destruction in the Civil War. Ulysses S. Grant-US President with the most corrupt leadership that showed favoritism to family, friends, and corporations. Civil War hero with skilled military training. Jim Fisk-Financier who try to corner the United States market on gold.