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

Ackerman, Kenneth D.

Softcover

ISBN 10: 1619450054 ISBN 13: 9781619450059

Publisher: Viral History Press LLC, 2011

Synopsis

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.

About this title

About the Author:

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.

About this edition

• Publisher: Viral History Press LLC
• Publication date: 2011
• ISBN 10: 1619450054
• ISBN 13: 9781619450059
• Binding: Paperback
• Number of pages: 370