The Gold Ring: Jim Fisk, Jay Gould, and Black Friday, 1869

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Kenneth Ackerman, 2011 - Business & Economics - 370 pages
2 Reviews
In September 1869, two young speculators, Jay Gould and Jim Fisk, Jr., undertook perhaps the most audacious financial operation in American history the cornering of the national gold supply. This daring and nearly successful plot came at a time when Wall Street finance displayed all the raw emotion, cynicism, and bravado of a Wild West gunfight. Fisk and Gould manipulated prices to the point that legitimate commerce froze to a halt. When the federal Treasury finally broke the corner on Black Friday, September 24, the price of $100 gold coin fell from $160 to $130 in fifteen minutes, sparking a national financial panic, a stock market depression, and the bankruptcy of major trading houses. The scandal reached the very household of President Ulysses Grant, and only the intervention of their friend, Boss Tweed of Tammany Hall, saved Fisk and Gould from personal ruin.
  

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Review: The Gold Ring: Jim Fisk, Jay Gould, and Black Friday, 1869

User Review  - Stefani - Goodreads

IF you like history, politics and economomics, this is the book for you! I love history so I thought this book was automatically fascinating. IT goes into detail the events leading up to Black Friday ... Read full review

Review: The Gold Ring: Jim Fisk, Jay Gould, and Black Friday, 1869

User Review  - Joe Logan - Goodreads

Financial crises are not a new development in the American economy. We have been in a boom-bust cycle for a very long time now. The bank collapse of 2008 is not the end of the world. That being said ... Read full review

Contents

Authors Note
Fort Taylor
The Money LockUp
Alliances
Trial Balloons
The Politico
Savior of the Nation
Propaganda
A New Stooge
The Plunge
Coming Undone
Shoulder to Shoulder
Bears
Copyright

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About the author (2011)

Kenneth D. Ackerman is also the author of YOUNG J. EDGAR: Hoover and the Red Scare, 1919-1920; BOSS TWEED: the Corrupt Pol who Conceived the Soul of Modern New York; and DARK HORSE: the Surprise Election and Political Murder of President James A. Garfield

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