redeemer

(noun)

A term used by white Southerners to describe a political coalition in the Southern United States during the Reconstruction era that followed the American Civil War. The Redeemers were the Southern wing of the Bourbon Democrats—the conservative, pro-business faction of the Democratic Party who sought to oust the Republican coalition of freedmen, carpetbaggers, and scalawags.

Related Terms

(noun)

In United States history, "Redeemers" and "Redemption" were terms used by white Southerners to describe a political coalition in the Southern United States during the Reconstruction era which followed the American Civil War. Redeemers were the southern wing of the Bourbon Democrats—the conservative, pro-business faction of the Democratic Party who sought to oust the Republican coalition of freedmen, carpetbaggers, and scalawags.

Related Terms

Examples of redeemer in the following topics:

  • Redeeming Before Maturity

    • Bonds can be redeemed at or before maturity.
    • The issuer has the right to redeem the bond at any time, although the earlier the redemption takes place, the higher the premium usually is.
    • In this case, the price at which bonds are redeemed is predetermined in bond covenants.

  • Call Provisions

    • A callable bond allows the issuer to redeem the bond before the maturity date; this is likely to happen when interest rates go down.
    • A callable bond (also called redeemable bond) is a type of bond that allows the issuer of the bond to retain the privilege of redeeming the bond at some point before the bond reaches its date of maturity.
    • Call dates are the dates on which callable bonds can be redeemed early.
    • Coupon #1 was redeemed and cancelled on November 2, 1865, and coupon #35 on November 2, 1882, at which time the principal of $1,000.00 in gold coin was also paid from the Treasury of the City and County of San Francisco and the Bond was cancelled.

  • The Bourbons and the Redeemers

    • Redeemers were the southern wing of Bourbon Democrats—the conservative, pro-business wing of the Democratic Party during Reconstruction.
    • In the 1870s, white Democratic Southerners saw themselves redeeming the South by regaining power.
    • The Redeemers' program emphasized opposition to the Republican governments, which they considered to be a corrupt violation of true republican principles.
    • Redeemers denounced taxes higher than what they had known before the war.
    • Redeemers wanted to reduce state debts.

  • Coupons

    • Coupons offer instantly redeemable savings on certain products.
    • Build brand awareness - A consumer sees the brand name on the coupon even when the coupon is not redeemed.
    • In fact most coupons are never redeemed.
    • You do want to lure consumers to redeem the coupon.
    • By 1913, the company had redeemed 8.5 million tickets.

  • Redeeming at Maturity

    • In case of a zero coupon bond, only the amount of par value is paid when the bond is redeemed at maturity.

  • The Politics of Inflation

    • This paper money would supposedly be redeemed for state taxes, but the holders were eventually paid off in 1791 at the rate of one cent on the dollar.
    • The second issue quickly became nearly worthless, but it was redeemed by the new federal government in 1791 at 100 cents on the dollar.
    • Starting in 1776, the Congress sought to raise money via loans from wealthy individuals, promising to redeem the bonds after the war.
    • The bonds were in fact redeemed in 1791 at face value, but the scheme raised little money because Americans had little specie, and many of the rich merchants were supporters of the Crown.
    • During the Revolution, Congress made two issues of paper money to be redeemed for state taxes, such as this paper currency issued in 1776.

  • Change in the Democratic Party

    • In the South, Democrats who embraced the "New Departure" called themselves "Redeemers."
    • The Redeemers' program emphasized opposition to the Republican governments, which they considered to be a corrupt violation of true republican principles.
    • Redeemers denounced taxes higher than what they had known before the war.
    • Redeemers wanted to reduce state debts.

  • Government Bonds

    • In many cases, they "print more money" to redeem the bond at maturity.
    • Investors in sovereign bonds denominated in foreign currency have the additional risk that the issuer may be unable to obtain foreign currency to redeem the bonds.
    • Government bonds are usually referred to as risk-free bonds because the government can raise taxes or create additional currency in order to redeem the bond at maturity.

  • Financial Strains

    • This paper money was to be redeemed for state taxes, but the holders were eventually paid off in 1791 at the rate of one cent on the dollar.
    • The second issue quickly became nearly worthless—but it was redeemed by the new federal government in 1791 at 100 cents on the dollar.
    • Starting in 1776, the Congress sought to raise money through loans from wealthy individuals, promising to redeem the bonds after the war.
    • The bonds were redeemed in 1791 at face value, but the scheme raised very little money since Americans had little specie, and many of the rich merchants were supporters of the Crown.

  • Trade vs. Consumer Promotions

    • Reward programs allow consumers to collect points, miles, or credits for purchases, which they can later redeem for rewards.
    • Premiums are promotional items that can be received for a small fee when redeeming the proof of purchase.