The presidency of Ulysses S. Grant began on March 4, 1869, when Ulysses S. Grant was inaugurated as the 18th president of the United States, and ended on March 4, 1877. Grant took office in the aftermath of the Civil War, and he presided over much of the Reconstruction Era. However, financial overinvestment in railroad construction caused the Panic of 1873 and economic turmoil. The Long Depression that followed, and Grant's veto of an inflation bill, turned public opinion against him. Democrats regained control of the House in the 1874 elections.
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