Gould and Fisk gold scheme triggers Black Friday
Citations (1)
- Titan: The Life of John D. Rockefeller, Sr. whole source · open book
nd profited from selling supplies to prospectors. Rich investors did not line up to invest in Standard Oil, among other reasons because it was an inauspicious time for new ventures. On September 24, 1869—the infamous Black Friday—Jay Gould and Jim Fisk’s scheme to corner the gold market by manipulating President Grant’s monetary policy collapsed, fomenting financial panic and ruining more than a doze
chapter: CHAPTER 8 - Conspirators