"Let us have peace" was the slogan under which Gen. Ulysses S. Grant was elected president in 1868, with Schuyler Colfax of Indiana as vice-president. The problems of reconstruction, enact ment of bills designed to enforce provisions of the 14th amend ment and paving the way for a national civil service, together with the Senate's refusal to ratify a treaty to annex Santo Domingo, were outstanding features of Grant's administration. In 1872, certain Republicans opposed Grant's re-election, and a liberal Republican party nominated Horace Greeley to run against him. The Democratic national convention endorsed Greeley, but only six States were carried by the fusion ticket. Despite two troublesome years, with panic and scandal, there was much of credit in constructive achievement and the U.S. foreign policies won especial respect abroad. In 1874, President Grant vetoed an inflation bill and a year later approved the re sumption of specie payments. Economy and lower taxes were emphasized.
Making capital out of scandals and with the slogan, "Turn the rascals out," the Democratic party won the House in 1874 and almost won the presidential election of 1876. Rutherford B. Hayes, of Ohio, Republican nominee for president, won after an electoral commission, especially created, had decided one of the most bitter political contests. William A. Wheeler, of New York, became vice-president. President Hayes completed "reconstruc tion" in the South by withdrawing Federal troops, a policy which brought him Northern criticism because immediately after the troops were withdrawn Democratic leaders in Southern States inaugurated the policy of negro disfranchisement. Specie pay ments were resumed. Chinese immigration was restricted.
enactment of the Sherman anti-trust laws, additional coinage of silver, admission of several new States, among them Wyoming with the first provision for woman suffrage, and the famous Reed enforcement of new .rules in the House designed to prevent minority obstruction. Personal dislike of the president by cer tain prominent leaders was a large factor in bringing about Harrison's defeat for re-election in 1892, when Cleveland was returned to office with his party in control of both Houses of Congress for the first time since the Civil War. A drastically lower tariff bill was enacted; one of the worst panics and unem ployment periods in U.S. history occurred. This made the tariff a major issue for the campaign of 1896, but as this battle ap proached, much greater prominence was given the question of the coinage of silver in relation to gold. William McKinley, of Ohio, was nominated by the Republicans on a gold standard platform, with Garrett A. Hobart, of New Jersey, vice-preSident. William Jennings Bryan, of Nebraska, won the Democratic nomination and stood upon the issue of the free coinage of silver at the ratio of sixteen to one. McKinley won. Soon after he took office, enactment of higher protective rates in the Dingley bill was followed by a tremendous revival of business and general prosperity.