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Political system and corruption
Political system and corruption
The impact of corruption on society
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William Marcy Tweed was the most corrupt "American Politician" the state of New York has ever seen. Tweed was known as "Boss Tweed" and he was the first man to be the boss of New York after the ten year struggle. ("American Heritage") The Boss was the leader of a political machine, which was a political organization that controlled enough votes to maintain control over the community. Political machines were able to restructure the city governments; they also resulted in poorer services, corruption and aggravation of the immigrants and minorities. ("Encyclopedia of American History") He was able to infiltrate Tammany Hall and bribe or smooth-talk any government official that stood in his way. Famously, Tweed is known for the construction of the New York Courthouse. It wasn't until the New York Times wrote an exposé on Boss Tweed that his grafting became publicly known and finally consequences caught up with his actions.
William M. Tweed was born the son of a chair maker in New York in 1823. He attended public school and then followed in his father's footsteps by learning the trade also. Tweed was born on April 3, 1823 in New York City, New York. He started as a street fighter in the Cherry Hill section of the Lower East Side where he was one of eight children. Because of this, he was sent to a boarding school in New Jersey for a year, where he focused on accounting. He began his early careers as a volunteer fireman and later took part in forming the Americus Engine Company No. 6 (the Big Six) in 1848. ("Ackerman") Curiously enough, the cause for Tweed's burning desire for money has never been established, and because of the lack of any primary source in his early life, never will.
Tweed was a large man, to say the least. He never smoked and rarely drank but instead preferred feasting on culinary delights', such as oysters, duck and tenderloin. He had 300 pounds packed on to his almost-6 foot frame. ("Ackerman") His reddish-brown hair was always kept away from his face, revealing his eyes that were described as both "foxy and gritty". ("American Heritage") The Boss had no problem in revealing his wealth and was often seen sporting a 10 1/2-carat diamond stickpin. His rise to fame began in 1851 when he was elected alderman.
By that time, in 1851, the Board of Aldermen was already known as the forty thieves.
George W. Plunkitt of Tammany Hall may have been one of the most arrogant & intelligent men of his time, he saw his opportunities when they arose and he took them as soon as he possibly could. Not only did he make a huge fortune but he made it using, what he called, "honest graft". With this sentence in the first chapter,"Everybody is talkin' these days about Tammany men growin' rich on graft, but nobody thinks of drawin' the distinction between honest graft and dishonest graft." Plunkitt sets the tone for his short treatise on New York City politics while Tammany Hall ran the show. George W. Plunkitt was a senator in New York at the turn of the 19th Century to the 20th Century. He was very successful in politics, and at one time he held four offices at once and collected salaries from three of them. G. W. Plunkitt securely held one and possibly other offices in Tammany Hall for over forty years. He was somewhat of a shady politician who took care of his constituents and his bank account. Plunkitt was never shy about becoming rich in politics because he did nothing illegal by the standards of the time. Moreover, Plunkitt never broke the penal code and therefore never spent a day in jail.
A "robber baron" was someone who employed any means necessary to enrich themselves at the expense of their competitors. Did John D. Rockefeller fall into that category or was he one of the "captains of industry", whose shrewd and innovative leadership brought order out of industrial chaos and generated great fortunes that enriched the public welfare through the workings of various philanthropic agencies that these leaders established? In the early 1860s Rockefeller was the founder of the Standard Oil Company, who came to epitomize both the success and excess of corporate capitalism. His company was based in northwestern Pennsylvania.
During the 1800’s, business leaders who built their affluence by stealing and bribing public officials to propose laws in their favor were known as “robber barons”. J.P. Morgan, a banker, financed the restructuring of railroads, insurance companies, and banks. In addition, Andrew Carnegie, the steel king, disliked monopolistic trusts. Nonetheless, ruthlessly destroying the businesses and lives of many people merely for personal profit; Carnegie attained a level of dominance and wealth never before seen in American history, but was only able to obtain this through acts that were dishonest and oftentimes, illicit. Document D resentfully emphasizes the alleged capacity of the corrupt industrialists. In the picture illustrated, panic-stricken people pay acknowledgment to the lordly tycoons. Correlating to this political cartoon, in 1900, Carnegie was willing to sell his holdings of his company. During the time Morgan was manufacturing
During the Gilded Age, several Americans emerged as leaders in many fields such as, railroads, oil drilling, manufacturing and banking. The characterization of these leaders as “robber barons” is, unfortunately, nearly always correct in every instance of business management at this time. Most, if not all, of these leaders had little regard for the public or laborers at all and advocated for the concentration of wealth within tight-knit groups of wealthy business owners.
As the mayor of Chicago until his death in 1976 and as chairman of Chicago's Cook County Democratic Central Committee from 1953 to 1976, Richard Joseph Daley was one of the most powerful politicians in the United States. He easily won reelection to office in five successive campaigns from 1959 to 1975, and during his mayoralty Chicago was the scene of an unprecedented building boom, improvement in city services, and urban renewal programs. Daley ran Chicago when federal government was pouring billions into highways, public transit, housing for poor. He used it to advantage, mounting massive urban renewal...
Following the years of Congressional Reconstruction during the Johnson administration, former Union General Ulysses S. Grant was elected president, despite his lack of political experience. Although Grant was an excellent soldier, he proved to be an insufficient politician, failing to respond effectively to rampant corruption throughout his two terms in office. Both government and businesses were plagued by corrupt schemes, as Republican leaders used the spoils system to gain political favors and “robber barons,” such as Jay Gould and James Fisk, stole large sums of money at the public’s expense. New York Mayor William “Boss” Tweed, leader of the “Tammany Hall” political machine, took advantage of the influx of immigrants to the United States by manipulating newly arrived immigrants, promising employment, housing, and other favors in return for their electoral support. This blatant corruption severely damaged the opinions of many Americans regarding their government, and prompted the election of numerous reform-minded politicians. Rutherford B. Hayes and James Garfield both attempted to restore honest government following the tainted Grant administration, yet political divisions between the “Halfbreed” and “Stalwart” factions of the Republican Party prev...
Millionaire. Scoundrel. Public Servant. Bootlegger. Philanthropist. Swindler. Family man. Philanderer. As one of the nation’s wealthiest businessmen, a World War I development executive, a controversial diplomat, and father to one of America’s most memorable and influential families, Joseph Kennedy certainly lived a full life and created an incredible legacy for the generations of Americans following him. “Had Joseph P. Kennedy not been the patriarch of America’s first family, his story would still be worth telling. That he was only adds to its historical drama and significance. His primary goal, as a younger man, was to make so much money that his children would not have to make any and could devote their lives to public service” (Nasaw, xxii). Few people in history have had the effect Joseph P. Kennedy left on American history, politics and culture. This first generation American was able to accomplish so much in a time of relatively primitive technology, when so many American immigrants were just scraping by and the world was in turmoil. Kennedy’s remarkable rise to immense power, wealth, and fame was the product of his ambitious and industrious youth and education in segregated East Boston, his myriad business ventures, and the political presence of himself and his family.
Warren Edward Buffett is known for being a famous American investor. He was born in Omaha, Nebraska on August 30, 1930. Warren was born to Leila and Howard Buffett. His father, Howard, was a stockbroker and also became a member of congress. Warren showed early signs of being entrepreneurial through being involved in various business dealings as a child. He also made his first investment in the stock market when he was just 11 years old.
Bernie Madoff is one of the greatest conman in history. The Bernie Madoff scandal takes the gold as one of the top ponzi scheme in America. Madoff started the Wall Street firm, Bernard L. Madoff Investment Securities LLC, in 1960. Starting off as a penny stock trader with five thousand dollars, earned from his workings as a lifeguard and sprinkler installer, his firm began to grow with the support of his father-in-law, Saul Alpern, who helped by referred a group of close friends and family. Originally, his firm made markets by the National Quotations Bureau’s Pink Sheets. However, in order to compete with the bigger firms that were trading on the New York Stock Exchange floor, his firm started to use very intelligent computer software that help distributed their quotes in second’s rater then minutes. This software later became the NASDAQ that we know today. In December of 2008 Bernard Madoff confessed that he had embezzling billions of dollars from investors. It is estimated to have lasted nearly two decades, and stolen approximately $64.8 billion. On December 11, 2008 he was arreste...
(mainly Irish) from Europe at a time when there was no national welfare system to aid people in need. Machine captains saw this as an opportunity to recruit people for the machine, or to help gain peoples votes. The way they got the immigrants to agree to vote for their candidates was that they offered them shelter, emergency assistance, help in securing employment, and other favors. An example of this is with Tammany Hall a political machine in New York, their “boss” William M. Tweed “spent $50,000 of his personal funds in his own ward and gave each of the city’s alderman $1,000 out of his own pocket to buy coal for the poor” (Levin, 2015). Tammany-controlled treasury in the city and gave well over a million dollars to many organizations, especially ones dealing with religion which really spoke to immigrants. Machine captains also tried to attend any social gathering they could, weddings, funerals, Irish wakes, Jewish bar mitzvahs,
"The way to have power is to take it" Boss Tweed. Chappelle in his Netflix special tries to illustrate why it was that he left the stage until now. He tells us through a story the consequences of the misuse of power and the cruelty of capitalism. By putting his story in perspective with what is believed to have happened, we can conclude that the people who hired him are the pimps, and this is because they do not want their best source of income to reach true freedom. Chappelle is the sex worker, who has given her maximum potential. In the story, the sex worker prolongs her debt with her pimp, thanks to his deception. The people that she believed were helping
In exchange for political or financial support, the Tweed Ring extracted millions of city contracts in New York City. “The Tweed Ring reached its peak of fraudulence in 1871 when The New York Times exposed embezzlement of city funds by the Tweed Rings corruption” (“November 23, 1876: “Boss”). In 1871, the Tweed Rings and Boss Tweed were both tried and sentenced to prison. The downfall of Tammany Hall began in the early 1900s when Franklin D. Roosevelt’s New Deal came into play. Political Machines were beneficial to society's income but they resulted in negative consequences and long lasting economic problems. With new modernized technology, the effectiveness of Tammany Hall became ineffective. The urban political boss of America will forever be known as ”Boss Tweed.” Though corruption arose from the effects of Tammany Hall, it defined a point in history as the basic democratic system regardless of the world’s restored government system. (O’Toole
They corrupted the New York government and “openly bought votes, encouraged judicial corruption, extracted millions from city contracts, and dominated New York City politics.” (History.com) Thomas Nast brought light to these actions and Boss Tweed and his peers lost the elections of 1871 and were eventually tried (most for “forgery and larceny and other charges”) and sentenced to prison.
The FBI defines white collar crime as: "frauds committed by business and government professionals. These crimes are characterized by deceit, concealment, or violation of trust and are not dependent on the application or threat of physical force or violence. The motivation behind these crimes is financial—to obtain or avoid losing money, property, or services or to secure a personal or business advantage". These crimes can cripple businesses and families life's savings. Bernard (Bernie) Madoff is one of the most well known criminals of white collar crime for running a Ponzi scheme with his multibillion dollar company (White, 2016).
The Bernard Madoff case focused on how Madoff had fooled his investors by paying them high returns out of their own money or that of other investors and didn’t engage in any effective activity to create a profit. Madoff had founded his firm, Bernard Madoff Investment Securities (BMIS), in 1960 with his savings from his lifeguarding career and borrowings from his father-in-law. Madoff’s firm continued to grow and had grown a reputation on Wall Street. Most of the major positions in his company were occupied by family members and his auditing was done by an unknown accounting firm which only had three staff members. Bernard Madoff was in charge of all major roles – he was the real sole decision-maker, the transaction executer, the assets manager,