This Day in History: Black Friday (1869)

This Day in History:
Black Friday (1869)

In 1869, American financial speculators Jay Gould and James Fisk attempted to corner the gold market by trying to prevent the sale of government gold, which they hoped to achieve by influencing President Ulysses Grant. The plan backfired when Grant discovered the plot and released $4 million of government gold for sale. On a day that came to be known as Black Friday, the price of gold plummeted, panic ensued, and thousands were ruined—though not Gould or Fisk. How did they gain access to Grant? More…: https://play.google.com/store/apps/details?id=com.tfd.mobile.TfdSearch

Advertisements

Leave a Reply: (What... You're shy?)

Please log in using one of these methods to post your comment:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s