[398] The bull market at Gould's Gold Room collapsed, the price of gold plummeted from 160 to 133+1⁄3, a bear market panic ensued, Gould and Fisk fled for their own safety, while severe economic damages lasted months.[399] By January 1870, the economy resumed its post-war recovery.[400][al]

Foreign affairs
Secretary of State Hamilton Fish and Grant successfully settled the Alabama Claims by treaty and arbitration.
Grant had limited foreign policy experience, acquired during his service in the Mexican-American war. Grant relied heavily on his talented Secretary of State Hamilton Fish. Fundamentally, Grant had an expansionist impulse to protect American interests abroad and was a strong advocate of the Monroe Doctrine.[402] Grant and Fish had a reserved but cordial friendship. There were no foreign-policy disasters and no wars to engage in. Besides Grant himself, the main players in foreign affairs were Secretary Fish and the chairman of the Senate Foreign Relations Committee Charles Sumner. They had to cooperate to get a treaty ratified. Sumner, who hated Grant, led the opposition to Grant's plan to annex Santo Domingo. Sumner previously had hypocritically fully supported the annexation of Alaska. 