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Politics and Corruption in the Gilded Age. The term “Gilded Age”. “ The Gilded Age ,” was a term coined by the author Mark Twain hinting that times looked good , yet if one scratched a bit below the surface , there were problems . Photograph (1871). The Era of Good Stealings.
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The term “Gilded Age” • “The Gilded Age,” was a term coined by the author Mark Twain hinting that times looked good, yet if one scratched a bit below the surface, there were problems. Photograph (1871)
The Era of Good Stealings • Despite the Civil War, the populationstill grew, partially due to immigration. • During this time, politics became very corrupt. • Stock-market investors were unethical • Too many judges and legislators put their power up for hire.
Laissez-faire • Federal government had a hands-off approach towards businesses. NO regulation or interference in business practices • Reflected a belief in social Darwinism • The best-run businesses led by the most capable people would survive and prosper.
Tammany Hall • The infamous Tweed Ring(AKA, “Tammany Hall") of NYC, headed by “Boss” Tweed, employed bribery and fake elections to cheat the city of as much as $200 million. • Thomas Nast, political cartoonist, constantly drew against Tammany’s corruption.
The Billion Dollar Congress • The 51st, or “Billion Dollar” Congress—one that legislated many expensive projects • The Populist Party emerged in 1892 from disgruntled farmers. • They called for items including: a graduated income tax, government regulationof railroads and telegraphs/telephones, a one term limit, a shorter workday, and immigration restriction.
Partner Talk • One thing I know about the government during the Gilded Age is… • One connection between the Gilded Age and politics today is… • One question I still have is…
Depression • Depression of 1893: First such panic in the new urban and industrial age, and it caused much outrageand hardships. • About 8,000 American businesses collapsed in six months.
Government Bailout • President Cleveland was embarrassed at having to resort to J.P. Morgan (capitalist/NYC businessman) to bailout the depression (government). • Further, the Supreme Court struck down an income tax. Rich can get richer. It looked like all politicians were tools of the wealthy.
The Gap Widens • Industrialistsamass great fortunes • Poor workers living in extreme poverty and experiencing awful working conditions