19th Century U.S. Economic and Political Developments

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11 Terms

1

Federal Land Grants

Government policies that provided public land to railroads, colleges, and settlers in the 19th century to encourage westward expansion and economic development.

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2

Credit Mobilier

A scandal during the Grant administration involving a fraudulent construction company created by Union Pacific Railroad executives to overcharge for building the transcontinental railroad, leading to widespread corruption.

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3

Interstate Commerce Act 1887

The first federal law to regulate railroads, it aimed to curb unfair practices like discriminatory rates and established the Interstate Commerce Commission.

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4

Sherman Antitrust Act 1890

A landmark federal law that aimed to prevent monopolies and promote fair competition by banning business practices that restrained trade.

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5

U.S. v. E.C. Knight Co.

An 1895 Supreme Court case that weakened the Sherman Antitrust Act by ruling that manufacturing was not subject to federal regulation under the commerce clause.

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6

Assassination of President Garfield

President James Garfield was assassinated in 1881 by a disgruntled office seeker, leading to calls for civil service reform.

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7

Pendleton Act 1881

Legislation passed in response to President Garfield's assassination, establishing a merit-based system for federal employment through the Civil Service Commission.

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8

Civil Service Commission

Created by the Pendleton Act, this commission oversaw the implementation of merit-based exams for federal jobs, reducing patronage in government hiring.

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9

Soft vs. Hard Money

A debate over currency policy, with 'soft money' supporters favoring inflationary policies like issuing greenbacks or silver coinage, while 'hard money' advocates preferred the stability of gold-backed currency.

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10

Demands for Silver Money (Cause)

Farmers and debtors in the late 19th century supported the use of silver to back currency (bimetallism) to increase the money supply and combat deflation.

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11

Greenback Party

A political party formed in the 1870s that advocated for paper currency ('greenbacks') not backed by gold or silver to inflate currency and ease the debt burden on farmers and workers.

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