Black Friday 1869: The Two Men Who Tried to Buy All of America's Gold

September 24, 1869. In the New York Gold Room, Jim Fisk's broker is buying millions in gold at prices nobody has seen in years, while his partner Jay Gould is quietly selling. Gould knows a telegram from Washington is coming. This is the story of the gold corner of 1869: the President's brother-in-law, a bribed Treasury official, a letter, and the minutes that ruined half of Wall Street. Sixty years later, borrowed money broke the market again:    • The Crash of 1929: Bankers Didn't Jump. Bo...   ⏱️ Chapters 0:00 Intro 0:57 Paper and Gold 2:10 The Spider and the Prince 3:16 The Brother-in-law 4:35 The Squeeze 6:04 Black Friday 7:24 Who Paid 8:28 The End of the Prince 9:32 The Lesson 📚 Sources Henry Adams, "The New York Gold Conspiracy" (1870) US House of Representatives, Garfield committee report on the gold panic (1870) E. Benjamin Andrews, History of the Last Quarter Century in the United States, vol. 1 Kenneth D. Ackerman, The Gold Ring: Jim Fisk, Jay Gould, and Black Friday, 1869 (1988) Encyclopaedia Britannica, "Black Friday (1869)" Wikipedia, "Black Friday (1869)", "Jay Gould", "James Fisk (financier)", "Abel Corbin" 🔔 Subscribe for more stories of fortunes made and lost:    / @fortuneandruinstories   📷 Images: Unknown (Public domain), Stacy, George, photographer; Stacy, George, publisher (Public domain), Illustrator unknown (Public domain), Bain News Service, publisher Restoration by Adam Cuerden (Public domain), Miscellaneous Items in High Demand, PPOC, Library of Congress (Public domain), Currier & Ives, 1869 (Public domain), National Museum of American History (Public domain), James A. Garfield (handwritten note) (Public domain), Unknown 19th-century artist (Public domain), Mathew Benjamin Brady (Public domain), Unknown author (Public domain), Howell & Meyer, NY (Public domain), Currier and Ives (Public domain), Unknown photographer (Public domain), Arthur Lumley (Public domain), Berenice Abbott (Public domain), Currier & Ives (Public domain), Jackson, William Henry, 1843-1942 - Photographer (Public domain), J. H. Colton (Public domain), Mathew Benjamin Brady / Levin Corbin Handy (Public domain), Brady-Handy Photograph Collection, Library of Congress (Public domain), Fred Pansing (Public domain), John P. Soule (Public domain), George W. Peters (Public domain), USGov-Military-Army (Public domain), Matthew Brady (Public domain), Internet Archive Book Images (No restrictions), Currier and Ives (CC0), Byron Company (New York, N.Y.) (Public domain), The Bureau of Engraving and Printing (Public domain), McAlpine, R. W. (Robert W.), 1838 (No restrictions), Nast, Thomas, 1840-1902, artist (Public domain), Joseph Keppler (Public domain), Frederick Burr Opper (Public domain), Unknown; part of Brady-Handy Photograph Collection (Public domain), Illustrator unknown - not credited in book (Public domain), Bain News Service (Public domain), W. Duke, Sons & Co (Public domain), Andrew J. Russell / Adam Cuerden (Public domain), William Notman (Public domain), Unknown (CC BY-SA 3.0) · via Wikimedia Commons 🔊 Narration: Microsoft Azure neural text-to-speech voice #blackfriday1869 #jaygould #history