Black friday Scandal 1869 Early in Grant's first term, two gold speculators Jay Gould and James Fisk hoped to buy gold at $130 per ounce and sell it at $160 per ounce. They tried o corner the gold market. They went to Grant, who had no understanding of monetary issues, and convinced him to tell Treasury Secretary George Boutwell to stop selling gold. The price rose to $162 per ounce before Grant realized what he was tricked into doing. Grant ordered Boutwell to release $4 million in gold. The price plummeted and ruined many investors including Gould and Fisk. Credit Mobilier Scandal 1872 Credit Mobilier was a construction company that helped build the Unio....

Number Of Words: 276

Number Of Pages: 2

Join today and get unlimited access to our vast database of student-written essays and term papers. This paper along with over 45,000 other papers are available in our member's area right now. Full instant access is just seconds away! Membership Options Price 1 month  subscription $18.95 recurring        3 months subscription $34.95 recurring        6 months subscription $59.95 non-recurring