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The Gold Ring - Jim Fisk, Jay Gould, and Black Friday, 1869 (Paperback)
Loot Price: R540
Discovery Miles 5 400
You Save: R91
(14%)
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The Gold Ring - Jim Fisk, Jay Gould, and Black Friday, 1869 (Paperback)
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List price R631
Loot Price R540
Discovery Miles 5 400
You Save R91 (14%)
Expected to ship within 10 - 15 working days
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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.
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