One of Hoover’s famous quotes was: “Once upon a time my political opponents honored me as possessing the fabulous intellectual and economic power by which I created a worldwide depression all by myself” This means, Hoover is explaining that many people started to blame him for the depression. He is saying that people are saying that he brought the depression worldwide. 3.People and their
Theodore Roosevelt's anti-trust act stopped robber barons in their track's. The Anti-Sherman Trust Act wast the first act to outlaw monopolistic businesses which is reducing the fair market competition of enterprises and monopolies. Theodore Roosevelt sued J.P. Morgan for bad trust's and won the case in The Supreme Court. This was a turning point in America because robber barons didn't own America anymore. It was a time of greed, corruption, and broken capitalism was common in America.
Rockefeller was also one of the most successful wealthy Gilded Age entrepreneurs. Although Rockefeller did make a name for himself in the oil industry,supplying the U.S with oil, and creating the Standard Oil Company;his road to power was paved with the pain and suffering of others due to his malicious behavior. He should be remembered as a Robber Baron because of his attempts at monopoly, malicious behavior to those who stood in his way, and especially the treatment of his workers in order to get the wealth he desired. J.D. Rockefeller used tactics such as vertical integration, using rebates to transport his oil for cheaper prices, and using ruthless methods to eliminate the competition.
cabinet official served jail time for a felony committed while in office. The government had set aside oil-rich public lands at Teapot Dome, Wyoming, and Elk Hills, California, for use by the U.S. Navy. Albert Fall secretly leased the land to two private oil companies. Although Fall claimed that these contracts were in the government’s interest, he suddenly received more than $400,000 in “loans, bonds, and cash.” He was later found guilty of bribery and became the first American to be convicted of a felony while holding a cabinet post. As a result, the problem with the Teapot Dome Scandal was that after Harding’s administration became corrupt with bribery.
Van Buren’s success kept us out of wars with Canada, Mexico, and Great Britain. Although, Van Buren was successful with those countries the Native Americans are a completely different story. He continued Jackson’s policies in getting rid of the Native Americans resulting in the Trail of Tears. Just at the beginning of Van Buren’s term there was a financial catastrophe, with almost all banks going bankrupt. This caused
I will try and clarify my belief about why Andrew Jacksons placement on the twenty dollar bill and why he should be reconsidered. Andrew Jackson during his time was considered a very patriotic politician he hated the rich, he hated the Indian, and loved the idea of slavery. It has been said that he grew up not educated and had a bad up bring but still managed to get to a high political suture. Jackson at one point was general and had a very decorated portfolio, which made sense he would become president, Andrew was most well know for “The Battle of New Orleans” where Andrew Jackson, prevented the British Army and General Edward Pakenham, from seizing New Orleans nearing the end of that war.
This was called the spoils system and it was a new idea that was very controversial. He ultimately put his supporters and friends into the power. It was part of the ideas of Jackson’s presidential party that every man can handle a government job. Although this seems okay at first, what if the next president just hired all white supremacists for government jobs? This proved to be the worst precedent that Jackson set.
The greatest political problem in the Gilded Age was the simple fact that so much of the politics and presidents were all corrupt in some way there is no politics at all if it's all corrupt. The government wasn’t certain on what they were doing. Then when the social Darwinism came along and they weren’t helping anybody. The rich were also giving money to people to form law and other things more in their favor that would be making them more rich than they already are. The presidents that were in office were also corrupt, when Grant was president, he had a few scandals while in office Credit Mobilier Scandal, Whiskey Ring Scandal, and the Trading Post Scandal.
Davidson makes reference to Idi Amin of Uganda as well as Jean-Bédel Bokassa of the Central African Republic, who both are examples of leaders who mirrored the actions of their colonial predecessors. Their rule was similar to that of European colonizers in that they thrived off of the inequality of Africans and took part in lavish celebrations while the majority of their country remained poor. While some believe this corruption is due to some innate greed possessed solely by Africans, a look into history tells you that modern day African rulers have simply just inherited and embraced the lifestyle of the European rules before them, which unfortunately included the massive hoarding of wealth. This hoarding of wealth did not come without any opposition however, which brings about the next theme of dictatorship and how rulers such as Bokassa and Amin maintained their positions of power through the crushing of dissent. The suppression of protests was done through the torture and murder of anyone who criticized, which is exactly how the European colonizers ruled out any opposition and another example of the brutal legacies of
The Spoils System had been the traditional way of handling government appointments since the 1830s and that held true up until James Garfield was assassinated by a man that felt he had been snubbed of such an appointment. Garfield’s assassination set off a great deal of outrage over the Spoils System and as a consequence, the Pendleton Act was created to hire government bureaucrats based on merit instead of appointments. Since this practice is often linked with corruption today, contemporaries view Gilded Age politics as corrupt as well. However, if the Spoils System itself was corrupt then every era prior to the Gilded Age was just as corrupt. The reality was that the traditional role of government was to remain small and the Spoils System did not generate a great deal of public outrage until the people began to expect more out of the federal government.
Ida did not hesitate to criticize Rockefeller for stooping to unethical business practices in quest for his numerous successes. Her writings were credited with the eventual breakup of Standard Oil, which came after the U.S Supreme Court rule in 1911, that the company was violating the Sherman Antitrust act. The Sherman Antitrust act allowed only Congress to regulate interstate commerce. Ida Tarbell and Ida B. Wells have much more in common than just their names.
One of the biggest failures during his administration was the Panic of 1819; the first economic depression in the history of the United States. This economic depression was brought on by over production and land speculation, which was caused by the national bank; during this period, deflation, bankruptcies, unemployment, and debtor prisons were common. James Monroe offered optimistic statements and not much else. Fortunately the economic depression passed on its own and people regained faith in their president. This strategy of dealing with an economic depression was adopted by future presidents, until it no longer worked, it was at that point that legislation was passed in order to save the country.
Module 7 Discussion The Great Depression of the 1930’s created the worst economic / financial crisis the country had to face. Up until FDR won the election in 1932 and throughout his presidency, FDR’s primary focus was on handling and responding to the consequences that the depression had caused. He did this by implementing policies, legislation, reform and laws in order to help the American people and restore confidence in the financial markets. For this reason, I believe it is why President Roosevelt did not want any involvement in Upton Sinclair‘s campaign. From what I read in the textbook, additional sources and to my understanding, FDR and Upton Sinclair were both democrats and had different political views / strategies for wanting to help the nation.
Her article, “History of Standard Oil Company, raised public awareness of Rockefeller’s ruthless monopoly. Later her efforts paid off, there was a trial for the company, Standard Oil v. U.S. in 1911. They declared the company a monopoly and broke it up. In conclusion, the Progressive Era had many problems, from corruption to unsanitary working conditions. However, from the hard work and determination of these past muckrakers reforms were made to better the situations that the Americans faced.
Hoover made many political enemies when he was pressing the federal Farm Board on Congress. This turned out not to be wise decision or political move. The most positive outcome of Herbert Hoover’s presidency was successfully enforcing the Good Neighbor policy. Not only did he talk about what he was gonna do he actually walked the walk. With the Clark Memorandum passed, Hoover removed military troops from Latin American countries as well as removing numerous naval ships in the region.