THE GOLD RING
Jim Fisk, Jay Gould, and Black Friday, 1869
Kenneth D. Ackerman
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In September of 1869, two young speculators, Jay Gould and Jim Fisk, Jr., undertook perhaps the most audacious financial operation in American history – the cornering of the national gold supply. This daring plot came at a time when Wall Street finance displayed all the raw emotion, cynicism, and bravado of a Wild West shootout. The scandal reached the very household of President Ulysses Grant, and only the intervention of their friend, Boss Tweed of Tammany Hall, saved Fisk and Gould from personal ruin.