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sep 24, 1869 - Black Friday (Sept 1869)

Description:

Millionaire partners “Jubilee Jim” Fisk and Jay Gould; Plotted in 1869 to corner gold market, would work only if fed treasury didn’t sell gold; Fisk & Gould would drive up price of gold to profit from value; On “Black Friday” (Sept 24 1869) bubble broke when Treasury released gold → price of gold dropped → honest businessppl suffered

Added to timeline:

APUSH 2 - unit 1

Byabcd
28 Oct 2018
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1709

Date:

sep 24, 1869
Now
~ 155 years ago
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