The Gold Ring: Jim Fisk, Jay Gould, and Black Friday, 1869
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, 1869User Review - Brian - Goodreads
Ackerman writes another accessible, informative and engaging history of the Gilded Age in his book on the Gold Ring. At a time when government regulation was nonexistent and men with deep pockets ... Read full review
Review: The Gold Ring: Jim Fisk, Jay Gould, and Black Friday, 1869User Review - 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 ...
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