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The Trading Post Ring was a scandal during the Grant administration, in 1870. Right after the Whiskey ring, Grant had no time to recover before this new scandal erupted involving his Secretary of War, William Belknap. In 1870, Native American trading posts were generating a high profit, but to the expense of the Natives. Belknap and his wife found a way to fund a private trading post that generated profits for them, and not for the country. During the investigation, Grant found out, and when he and Belknap were scheduled to have a meeting, Belknap announced his resignation.

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