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. He relied heavily on former Army associates, who had a thin understanding of politics and a weak sense of civilian ethics. Numerous scandals plagued his administration, including allegations of bribery, fraud, and cronyism. In 1872, Grant signed into law an Act of Congress that established Yellowstone National Park, the nation's first National Park. Grant's presidency was traditionally denounced by historians due to corruption charges among subordinates, despite efforts of reform in his administration. Two months later, the Panic of 1873, collapsed the national economy. On September 17, the stock market crashed, followed by the New York Warehouse & Security Company, September 18, and the Jay Cooke & Company, September 19, both going bankrupt.
no
no