Ulysses S. Grant
Very soon into Grant's second term the Panic of 1873 started a depression in the United States that spread to Europe. In 1873, Republicans in Congress were caught in a bribery scandal by newspapers. They had collected large bribes to give large federal grants to the railroads. The bribes had taken place before Grant was president, but the news came out during his presidency making it seem even more corrupt. Also in 1873, Grant signed a bill that gave himself and congressmen a pay raise. The press attacked him for it calling it a money grab. Republicans were getting a bad reputation in the press. Mid-term, the Democrats won a majority of votes in the House. They started a number of congregational investigations. Grant's Secretary of the Treasury had to resign after being caught in a fraud scheme involving taxpayer kickbacks.