The Gold Ring

Jim Fisk, Jay Gould, and Black Friday, 1869

By:

Kenneth D Ackerman

Format:

Paperback / softback

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Description

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. 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.

Release date NZ

November 30th, 2011

Author

Kenneth D Ackerman

Audience

General (US: Trade)

Pages

370

Dimensions

152x229x21

ISBN-13

9781619450059

Product ID

19614424

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