President Grant ladles out money to the rich 1 comment
From the book: “For whatever reasons—he seemed fascinated by men of wealth—Grant offered unstinting support to capitalists and big business. He desired, and the very first law he signed mandated, the payment in gold for huge numbers of bonds bought during the Civil War, mostly with depreciated greenbacks, even though the government was not contractually obligated to do so. This provided the bondholders with a gigantic—and wholly unjustified—windfall. With better […]