| Ohio Idea |
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Information AboutOhio Idea |
| CATEGORIES ABOUT OHIO IDEA | |
| political history of the united states | |
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The idea of poor midwesterners during the presidential race of 1868 to redeem federal war bonds in United States Dollar s, also known as Greenbacks , rather than gold. Agrarian Democrats hoped to keep more money in circulation to keep interest rates lower. This "idea" started a bitter contest over monetary policy that shook the US until the century's end. The Democratic candidate in 1868, Horatio Seymour , blew the Dems hope for the high office by repudiating the Ohio Idea plank. Ulysses S. Grant won, with 214 electoral votes to 80 for Seymour. |
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