After finishing his second term in office in 1877, Grant and his wife Julia took a trip around the world which left him short on money. Nearly 60 years old, the ex-president looked for something to engage his time. He ran for the Republican nomination for president in 1880, but lost to James Garfield. The next year, Grant moved to New York City to go into business with his son, Ulysses S. Grant, Jr, and a young investor, Ferdinand Ward. The firm of Grant & Ward did well at first, bolstered by W