In general the term carpetbagger refers to a traveler who arrives in a new region with only a satchel or carpetbag of possessions and who attempts to profit from or gain.
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The carpetbaggers of the south are looting the world as a whole the archetypal carpetbagger would have quickly profited by selling the free shares immediately this was around the time of reconstruction when many southern blacks and carpetbaggers had the opportunity to replace white southerners in positions of power.
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During the reconstruction period 1865 77 to denote a northerner who moved to the south.
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It was applied to politicians and financial adventurers whom southerners accused of coming south to use the newly enfranchised freedmen to obtain office or profit.
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In the post us civil war south carpetbaggers were northerners who moved to the south to take advantage of the unstable social financial and political climate.
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They were called carpetbaggers to imply that they were such poor transient characters that they merely moved south carrying all their possessions in a carpet bag.
Carpetbagger derogatory term originally used in the u s.
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The term carpetbagger refers to an outsider relocating to exploit locals it derives from postbellum south usage where it referred specifically to opportunistic northerners who flocked to the occupied southern states.
The term came to be associated with opportunism and exploitation by outsiders.
The term is now used in the united states to refer to a parachute candidate that is an outsider who runs.