Gilded Age – Page 3 – Empowering women through fiction and history.

For Richer or Poorer: The Gold Standard in America

As of this writing, America is experiencing the highest inflation rate in 40 years. Inflation shot up from 1.7% in 2020 to about 7% in 2021 and 2022, with the highest rate in 2022 being 9.1% in June! In spite of the fact that we’re shelling out more money at the grocery store (a friend of mine recently reported she spent over $100 on baking supplies for the holidays), the 7% this year is peanuts compared to 1920, when the nation had almost 24% inflation, or after the American Revolution in 1778 when inflation was 30%.

But there is one way to fight inflation: create a gold standard. This is exactly what people in the Gilded Age and Progressive Era did, though the results weren’t favorable to all. The concept of the gold standard is very difficult to explain and for people to wrap their heads around, so bear with me while I try to outline what it is and why it failed.

In 1900, Congress passed the Gold Standard Act which meant the value of American money was tied to the value of gold. Until then, the currency exchange was based on bimetallism (gold and silver). That meant people were able to buy gold or silver coins with paper money, which was to their advantage because these precious metals were much more stable in their value over time, whereas the value of paper money was basically determined by what federal or state officials determined it to be worth. It was also not an international currency (just as today when we can’t use British pounds to do our Walmart shopping in Cleveland) and it wasn’t even always, at that time, transferable from state to state, since states had their own paper money. So if you moved from Vermont to California and tried to cash a $20 Vermont bill in a California bank, you weren’t guaranteed to get the full $20 value of that bill in exchange.

The gold standard also meant silver was no longer an accepted exchange for paper money. People could only buy gold coins. There were a few problems with this. First, gold coins were in limited supply. Second, since gold was valued at the time at about $22.00 an ounce, people needed to shell out $22 in paper money for one ounce of gold ($1 bought them about 25 grams worth of gold).

Why did people even want to buy gold coins when they paid much more for them with paper money? Why didn’t they just keep the paper money? Because at that time, paper money was very unreliable in terms of value, as I explained above. Also, gold and silver were precious metals and scarce compared to paper money so they were worth more and their worth didn’t fluctuate as much.

The gold standard was such a hot-button issue that this campaign poster for the Republican party (with William McKinley as the presidential nominee and Theodore Roosevelt as the vice-presidential nominee) put the party’s support of the gold standard as the top political issue on their party’s agenda during the campaign.

Photo Credit: Headshots of William McKinley and Theodore Roosevelt against the American flag for a Republican party campaign poster during the 1900 elections, Library of Congress: Picryl/Public Domain

The gold standard became a major political issue in the Progressive Era because it was tied to class. The poor and working class were usually paid in paper money and used paper money to buy their goods, and since the value of paper money was now tied to the gold standard, they had to pay more for their purchases. For example, if something cost $2 gold coins, they would have to pay $44 in paper money for it.

Hence, the Populist movement was born. This movement largely consisted of farmers and poor people who wanted to convince congress to go back to the bimetal standard (because silver was valued less than gold and they were able to secure silver coins more easily than gold.) In 1896, the Populists merged with the Democratic party, as the two shared several items on their political agenda such as limiting the number of terms a president could serve and advocating an eight-hour work day, as well as the call for bimetallism. This accumulated in Democratic candidate William Jennings Bryan’s moving and rallying “Cross of Gold” speech.

Bryan ran for president in the Gilded Age and Progressive Era with bimetallism as one of his main themes three times and lost three times. But then, so did the gold standard, eventually. It was withdrawn in the early 1930s by FDR in an effort to combat the Great Depression. From the post-World War II era to the 1970s, the gold standard did make a comeback, but in 1971 Nixon abolished it, both to combat the inflation at the time and to keep foreign governments from buying up American gold supply with their dollars.

In my upcoming new release, The Mystery of the Golden Cat, the Gold Standard Act is in full force (the book takes place in 1904) and not everyone is happy about it. For one person, it leads indirectly to crime. Though the book comes out at the end of this month, it’s at a special preorder price now, so don’t wait to snag your copy!

If you love fun, engaging mysteries set in the past, sign up for my newsletter to receive a free book, plus news about upcoming releases, fun facts about women’s history and mystery, and more freebies! You can sign up here.

Ghosts From the Past: Penelope Alderdice in The Specter

My historical family saga, the Waxwood Series is about more than just an affluent Nob Hill family coming to grips with the startling changes happening in the last decade of the 19^th century. It’s also a story about a Gilded Age family whose lies, half-truths, and myths force every one of its members to change. And it begins not with the current generation but with the previous generation.

It begins with Penelope Alderdice, protagonist Vivian’s grandmother. Penelope, in spite of her old-fashioned name, is one of the most evolutionary characters in the series. When I wrote the novel on which this series was based back in 2014, she wasn’t even a character. When I turned the novel into a family saga, I added the grandparents because, by definition, family sagas tell the story of several generations. I wanted to write a series about generational trauma: The trauma past generations pass down to present and future generations. As this is something I’ve experienced first-hand, the topic is very close to me. I knew Vivian’s story of breaking the cycle would only be meaningful if readers knew where that cycle began.

Since this post is about grandmothers, I thought I’d show a few photos of my own. The first is my grandmother and grandfather with me in 2011, the year they both passed away. The second is of my great-grandmother (whom many in my family say I resemble in looks and personality). I don’t know when this photo was taken but she died in 1966 so probably sometime in the late 50s or early 60s.

In 2017, I started my newsletter and wanted to give subscribers a free gift for signing up. So I took a scene from the old novel and expanded it into a short story called “After the Funeral”. The plot took place at Penelope Alderdice’s funeral where an uninvited guest claimed to have known “Grace” in her youth, revealing an entirely different person than the Penelope that Vivian knew. As I was developing the books in the series, I realized Penelope’s story had to be expanded into a book. That story became The Specter, the first book of the Waxwood Series.

I realized my earlier mistake in dismissing Penelope as just another Angel in the House. She was, in fact, a much more complex character, emotionally and socially. Her secrets follow Vivian like the ghost in the book’s title. Penelope’s story, which begins about halfway through The Specter, tells of the sort of woman you would expect to see in Gertrude Atherton’s The Californians, a book about San Francisco’s high society in its infancy in the 1850s and 1860s. Penelope’s upbringing prepares her for her role as the wife of a successful San Francisco businessman, but there is more to her than that. Her one moment of rebellion in 1852 has ramifications for the entire family, past, present, and future.

What those ramifications are, you’ll have to read about in the series. But you can start with The Specter, which has been updated with a new prologue and a better pace (at the request of readers). You can get your hands on it for free here https://tammayauthor.com/books-2/waxwood-series/the-specter-waxwood-series-book-1.

If you love fun, engaging mysteries set in the past, you’ll enjoy my novella The Missing Ruby Necklace! It’s available exclusively to my newsletter subscribers and you can get it here. By signing up, you’ll also get news about upcoming releases, fun facts about women’s history, classic true-crime tidbits, and more!

Making Progress: Thanksgiving in the Progressive Era

It’s that time of year when Thanksgiving is upon us (at least it is if you’re in the US). Last year, I reposted Thanksgiving in the Gilded Age. But this year, since I’ve been diving into the Progressive Era with my Adele Gossling Mysteries, I was curious to see whether the turn of the century in comparison to the last quarter of the 19th century really made that much of a difference in how Americans celebrated Thanksgiving.

It turns out it did. The Gilded Age was, remember, all about excesses, money, and showing off when it came to the holidays. Wealthy Americans especially thought of the holidays as a time to get into their best dress and parade themselves in hotel dining rooms or swank restaurants for a multi-course Thanksgiving meal that included non-traditional Thanksgiving fare such as oysters and lobster (if you don’t believe me, take a peek at the picture of the menu in last year’s Thanksgiving blog post.)

Photo Credit: Cover of Puck magazine showing a mother making a pumpkin pie in the kitchen while her four children look onward, emphasizing the family nature of Thanksgiving, 1903, chromolithograph, created by L. M. Glackens: pingnews.com / Flickr/Public Domain Mark 1.0

But the Progressive Era was when Americans were starting to get a grip on all those excesses and realize their country needed to make some changes. Reform was the order of the day, including workers’ rights, women’s rights, and environmental concerns. There was also more emphasis on intimate social circles (family, friends), probably because the modern era brought up concerns of people being fragmented physically and mentally from their roots (something I daresay we struggle with today in the 21st century.)

To that end, Thanksgiving became more of a family affair. Magazines and books came out with Thanksgiving recipes to help encourage Americans to stay home for the holiday. The recipes were much more what we consider traditional Thanksgiving foods, such as turkey, cranberry sauce, and pumpkin pie. The menu from 1902 on this site still has some oddities, such as oysters, but it looks much more like the kind of Thanksgiving meal we feast on these days than the menu in my previous blog post.

Progressives carried their reform into the holidays as well. One thing we see with turn-of-the-century Thanksgiving which was less prevalent in the Gilded Age was the idea of giving thanks and gratitude by helping others. Missionaries and other charitable organizations hosted large Thanksgiving feasts for the poor all over the country. In addition, holiday gift boxes became popular just as they are today (my local Sprouts Market prepares gift bags with food every year that customers can purchase and have the store give to a family in need).

Here’s wishing everyone a joyous, warm, and happy Thanksgiving this year!

The Birth of an Art Form: The Kodak Camera

This Sunday will mark one hundred and thirty-four years since the birth of the Kodak camera. While it’s an interesting fact for us history buffs, I wouldn’t have thought much about its significance except that several years ago, my brother got interested in street photography (as a hobby). Living in San Francisco gave him plenty of subjects, and some of his photographs are pretty amazing. You can view some of them here.

So many of us in the 21st century don’t think of photography as an art form and for good reason. Most of us now have access to a camera at our fingertips, from our phones to our computers to other devices we might not even think of (like my iPad mini). It’s so easy for us to just point and shoot that we do it without thinking. It’s not for nothing the word “selfie” was invented some twenty years ago even though the concept of taking a photograph of yourself existed long before that.

In many ways, George Eastman (the inventor of the Kodak camera) is responsible for many of us overlooking the potential of photography as art. In 1888, he did what Ford would do twenty years later with cars: He made cameras affordable and accessible to the general public.

Photo Credit: The original Kodak camera, 1888, Eastman Dry Plate and Film Company, National Museum of American History, National Treasures Exhibit: National Museum of American History/Flickr/CC BY NC 2.0

Before then, having your photograph taken (which didn’t really become a thing until the 19th century) was an ordeal. It required a professional photographer to set up the photograph and people had to stay still for a long time to get the picture. If you’ve ever wondered why people look so serious in 19th-century photographs, part of the reason is that it’s hard to keep smiling for that long while you’re waiting for someone to set up the camera and the picture.

But Eastman’s Kodak changed all that. When people could get their hands on a Brownie camera in the early 20th century, for example (which cost only one dollar then – don’t we wish that were true now!) photography became all the rage. People could take pictures quickly and efficiently (so there was a lot more smiling and spontaneity going on). Of course, they had to wait to get the pictures developed, since photo processing labs in places like drugstores didn’t exist until later. People had to send the camera with the film to the Kodak company for development and were sent back the camera with a new roll of empty film along with the developed pictures.

This was when photography began to get more attention. Photographers like Alfred Stiegler and Walter Evans set the standard in the early 20th century for documentary-style photographic art that captured life in America as people lived it. One of the more famous examples of this was photographer Dorothea Lange, whose documentation of the realities of the Great Depression left its mark in its brutal depiction of life during economic hardship (and makes us shudder when we look at them today, given the more recent post-pandemic economic downturn).

New inventions characterized the Gilded Age and Progressive Era (as I mentioned in this blog post about the invention of the automobile) and people viewed them with more excitement than we do now. When Missy Grace, the editor and reporter of Arrojo’s only newspaper in my Adele Gossling Mysteries, shows up with her camera, people are all abuzz. She manages to even tame a group of schoolgirls in Book 1 with her camera!

You can read about that in Book 1 here. And don’t forget that Book 2 is also available and Book 3 is now up for preorder!

A Gilded Age New Year

Photo Credit: Fanciful sketch of a New Year’s Eve celebration, Marguerite Martyn, 1914, St. Louis Post-Dispatch, 4 January 1914, Editorial Section: BeenAroundAWhile/Wikimedia Commons/PD US

Since this is the holiday season, I’ve been reflecting on the holidays in history, particularly in the 19^th century. I wrote about Thanksgiving and Christmas in the Gilded Age. No holiday discussion could be complete without New Year’s.

New Year’s in the 19^th century was then, as it is today, about seeing off the old year and bringing in the new. In the earlier part of the century, celebrations were rather modest. It was not uncommon to have a “watch night” on New Year’s Eve where people (especially in rural areas) would watch and wait for the clock to strike midnight so they could leave their old sins behind and begin the new year fresh to commit new ones.

Gilded Agers turned New Year’s into a real party holiday for the same reasons they turned Thanksgiving into a dining extravaganza: They wanted to show off. So they threw lavish parties and “invitation only” balls that included eight-course dinners and plenty of champagne even before the clock struck midnight. There are anecdotes about these Gilded Age party-goers, most of them wealthy, who were indeed determined to leave their sins behind them in the old year. It was not uncommon for them to go from house party to house party, making complete fools of themselves, and getting their names in the society columns the next morning. What a way to start the new year!

There were other traditions that are staples of New Year’s which came in the 19^th century. One of them is the song “Auld Lang Syne,” a sentimental farewell to old friends and experiences. The song was actually an 18^th century ballad composed by Scottish poet Robert Burns, and the tradition of singing it at midnight on New Year’s Day began in the mid-19^th century, though it wasn’t until later in the 1920s that it became a permanent staple of our New Year’s tradition.

And the famous New Year’s Eve ball, that gigantic globe of light that drops at midnight every year in Times Square? That originated on New Year’s Day in 1905. The original ball was seven hundred pounds of iron and wood with a hundred light bulbs. The ball has been updated several times, the last in 2008, so it now weighs over twelve hundred pounds. Rather than lowered by hand with ropes as the original ball was, it now has a laser atomic clock located in Colorado.

I don’t think it’s a far stretch to say we still do, in a way, have our “watch night” where we wait impatiently for midnight to strike so we can let go of the old year’s sins and enter the new fresh. In fact, the reason New Year’s Day is on January 1st has to do with just that idea. Julius Cesar was the one who implemented the new calendar year to begin on that day, naming the first month of each new year January after Janus, the Roman god of new beginnings. Janus has two faces — one face facing front and the another face in the back of his head. Why? So that he can look back to the past and look forward to the present and future. For anyone who has read my fiction, this is exactly what my characters do. So, in essence, if I had to chose a holiday that belonged to the Waxwood Series, it would be New Year’s.

Want to read about how Vivian Alderdice looks back into the past to find her future? Start reading the Waxwood Series for only 99¢! Get all the information here.

Is the life of a Gilded Age debutante all parties and flirtations? Read “The Rose Debutante” to find out! It’s FREE! Plus, you’ll get to know about life in the past and about the resilient women the history books forgot. And how about fun historical facts, great deals on historical fiction books, and a cool monthly freebie thrown in just because? Here’s where you can sign up.