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

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The Gold Ring: Jim Fisk, Jay Gould, and Black Friday, 1869 - Ackerman, Kenneth D.
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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.
Product Details
Price
$24.00  $22.32
Publisher
Viral History Press LLC
Publish Date
Pages
370
Dimensions
6.0 X 0.82 X 9.0 inches | 1.19 pounds
Language
English
Type
Paperback
EAN/UPC
9781619450059
BISAC Categories:
Economic History

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About the Author

Kenneth D. Ackerman has made old New York a favorite subject in his writing, including his critically acclaimed biography Boss Tweed: The Corrupt Pol Who Conceived the Soul of Modern New York. Beyond his writing, Ackerman has served a long legal career in Washington, DC, both inside as out of government, including as counsel to two US Senate committees, regulatory posts in both the Reagan and Clinton administrations, and as administrator of the Department of Agriculture's Risk Management Agency. He continues to practice private law in Washington.

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