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Grant Scandals
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Early in Grant's first term, two gold speculators Jay Gould and James Fisk hoped to buy gold at $130 per ounce and sell it at $160 per ounce. They tried o corner the gold market. They went to Grant, who had no understanding of monetary issues, and convinced him to tell Treasury Secretary George Boutwell to stop selling gold. The price r .... Middle of paper
.... and vice-president Schuyler Colfax took stock in the company. The scandal marred Grant's first term. Schuyler was replaced for the election in 1872. This began the uncovering of several scandals.
The Whiskey Ring 187
A national tax evasion scheme where indictments were brought against 86 government officials, including the chief clerk of the Treasury Department as well as President Ulysses S. Grant's private secretary. A group of distiller ....
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Number of words: 351
Number of pages: 2 (approx. 250 words per double-spaced page)
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