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5 févr. 1895 - Cleveland-Morgan deal (Feb 1895)

Description:

Cleveland turned to J.P. Morgan, head of Wall Street Syndicate & “the banker’s banker”; After tense negotiations @ white house, bankers agreed to lend gov’t $65 mill in gold; Bankers charged $7 mill commission, agreed to obtain ½ of gold abroad & take steps to dam it up in Treasury; Loan helped restore confidence in nation’s finances

Ajouté au bande de temps:

APUSH 2 - unit 1

Byabcd
28 oct. 2018
0
0
1866

Date:

5 févr. 1895
Maintenaint
~ Il y a 130 ans
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