Grand Old Partisan: An Act to Strengthen the Public Credit

March 18, 2023

An Act to Strengthen the Public Credit

Grand Old Partisan applauds Republican dedication to fiscal prudence. March 18th 1869, President Ulysses Grant signed the Public Credit Act. It had been sponsored by Senator John Sherman and passed by the GOP-controlled 41st Congress.

People who had lent money to the U.S. Government during the Civil War would repaid in gold – as promised. Paper money issued on an emergency basis would be withdrawn from circulation. Democrats had wanted to cheat patriotic bond-holders by paying them with those "greenbacks" of lesser value.

This new law was a success. Inflation lessened, foreign trade soared, and the government’s credit worthiness strengthened.

Here is a Video Version of this article on YouTube: https://youtu.be/jjEZab8EEjs

Michael Zak is author of Back to Basics for the Republican Party, a history of GOP civil rights achievement.

Each day, Michael Zak's grandoldpartisan YouTube channel and Grand Old Partisan blog celebrate more than sixteen decades of Republican heroes and heroics. And, see Speech Raves for audience feedback from his presentations in thirty-one states.

He also wrote the 2005 Republican Freedom Calendar.

Clarence Thomas cited Back to Basics for the Republican Party in a Supreme Court decision.

See www.youtube.com/q?v=IzxKCiXc5Qc for a brief video of a Texas Republican praising Back to Basics for the Republican Party.

"This is the most amazing book about politics that I have ever read. The Overview should be required reading for anyone with even a minor interest in government. The remainder is an enthralling history lesson that I will never forget. For years, we have all been misled about the true nature of the GOP. This is the real deal! Read it and be proud!"

"Your book is a national treasure. I'm always recommending it."

"Michael Zak wrote the definitive history of the GOP."

"Back to Basics for the Republican Party is the most significant contribution to the Republican Party in the last twenty years apart from Ronald Reagan."

"Back to Basics for the Republican Party is more important to our party now than ever before."

and

"one of the best books I ever read"

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Back to Basics for the Republican Party

"We need to promote Back to Basics for the Republican Party to every single proud Republican!!!!"
"Every precinct committeeman, every candidate and every teacher with a Republican affiliation should read this book and pass it on to another."
"Michael Zak takes a novel approach to the culture wars by boldly boasting the historical record of the Republican Party. Rather then sheepishly bow to the Democrat's ongoing myths (and frequently, outright lies) about the GOP, he brings the history and heroes of the Republican Party into the fray."
“Why is it that we Republicans are so easily outmaneuvered by Democrats?
Why do Republicans so readily fight among themselves?
Why is it so difficult for Republicans to advance their policy agenda?
Here's why."
Back to Basics for the Republican Party
“The past is the cause of the present, and the present will be the cause of the future. All these are links in the endless chain stretching from the finite to the infinite.”
Abraham Lincoln
“The Founding Fathers knew a government can't control the economy without controlling people. And they knew when a government sets out to do that, it must use force and coercion to achieve its purpose. So we have come to a time for choosing.”
Ronald Reagan

Speech Raves

"Your words at the Lincoln Day dinner were truly inspiring. Thank you so much for your dedicated work and contributions to our Party."
"Your book is outstanding, and it's nice to have the information come alive during your presentation. You are at once informative and motivating. We've got to get back to basics -- as you say."
"Thank you for speaking at the luncheon. I've already received many favorable comments. You're absolutely right that the Republican leadership should know our party's history."
"Thanks for all that you do for the Republican Party and our Nation."
“Your speech was great and just what some of us depressed Republicans needed. The GOP has taken its eye off of the major issue: freedom v. socialism. You spoke to the core of that issue.”
“Thank you so much for speaking at the state convention. We received wonderful feedback from everyone in attendance. Everyone was impressed with the depth and breadth of your knowledge, as well as your clear speaking style and sense of humor. You made an outstanding presentation, and we are deeply grateful to you for your efforts.”
“You have a great vision and hope for the Party, and I think you are embarking on important work.”
“Thank you so much for speaking at our event. You are offering a tremendous service not only to Republicans, but also to the United States and the world.”
Click here for more audience feedback.

Book Reviews

"Your book is a national treasure.
I'm always recommending it to people."
"Thank you, Michael!!! Every person who calls himself a Republican, and every person who just wants to know the truth. should know your book!!!"
"If you're a Republican and love history, this book by my friend Michael Zak is a must read. And if you happen to be looking for a Lincoln/Reagan Day dinner speaker, I highly recommend him."
great information on our rich heritage
"Get a copy of Michael Zak's book, Back to Basics for the Republican Party"
"I recommend Back to Basics for the Republican Party to everyone who wants to be educated on the true history of the GOP and America!!!!
Phenomenal history
Anyone who liked the Lincoln movie will love this book. This book is perhaps the best kept secret in all political and history books in America. It is something every politico should read. It puts things into historical perspective like few other books I've read. It challenges conventional through thorough documented history. This is a must read for any student of American history and political science. One regret is that I read the book more than a decade after it was published. It truly is something you feel you missed out on. It is also a book that leaves you wanting to learn more about certain individuals such as Thaddeus Stevens. It's an incredible body of work."
"Thank you for writing your book. I am two chapters into it, and find it fascinating and motivating. This may be a very significant contribution to the rise of the GOP in the coming years."
"I am a believer in pro-free market and pro-constitutional rights who recently purchased your book Back to Basics for the Republican Party and have not been able to put it down. It is simply amazing you composed a book in 2003 that hits home on the most serious of topics we face today. I completely agree that we must educate and focus on the original plan as laid out by the founders of our party if we are ever to move forward in a positive direction."
Praise from Alaska
"I purchased your book at our Juneau, Alaska Republican Women's Luncheon last month principally because the title intrigued me. I just finished it, reading the last chapter three times. I wanted to burn the wisdom presented into my brain. Thank you again for all your hard work to research and write your book. Thank you for all you are doing to educate Americans on the incredible truth of the founding of our great country.""Thank you for doing all the research to write this book. As a History/American Studies major, I THOUGHT I knew the difference between Republicans and Democrats, the roles of Lincoln and Stevens and Sumner and Reagan, and the history of our country from the revolutionary war through the civil war. Boy, was I soooo wrong."
Read it and MEMORIZE it!
"My copy is dog-eared with notes and underlined parts. “Back to Basics for the Republican Party has been tremendously helpful setting mis-educated Democrats straight on history!"
It's a fantatic buy!
“Back to Basics for the Republican Party is very informative and gives you an insight into the history of the party from the early days to the modern day presidencies of Ronald Reagan and George Bush Sr. What the author has done is provide a balanced view, giving the reader a fascinating 150-year journey of the Republicans. This book is a REAL political page turner which will open minds to a wealth of knowledge and history which most are not even aware of.
“Back to Basics for the Republican Party is the most significant contribution to the Republican Party in the last twenty years apart from Ronald Reagan.”
“This is the most amazing book about politics that I have ever read. The Overview should be required reading for anyone with even a minor interest in government. The remainder is an enthralling history lesson that I will never forget. For years, we have all been misled about the true nature of the GOP. This is the real deal! Read it and be proud!”
“Back to Basics for the Republican Party is more important to our party now than ever before.”
"one of the best books I ever read"
“Your book, Back to Basics for the Republican Party, is most timely during this 2010 pre-election period. It is a message that needs to be emphasized to all grassroots activists. From the precinct, county, district and national levels your respected views need to be heard and read on how to take back our country.”
from the first page: “Democrats control most of the media, but they also write most of the history books, thereby controlling what even Republican activists think they know about our Party's glorious heritage.”
Click here for more book reviews.

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