Description: Rare original antique engraving print from an 1860s illustrated journal. This antique print depicts two pictures and an article on the Black Friday Gold Panic insider trading market crash. The top picture shows the New York Stock Exchange Board in session. The larger bottom picture shows the scene in the Gold Room during the “intense excitement”. The Black Friday gold panic of September 24, 1869 was caused by the efforts of two investors, Jay Gould and his partner James Fisk, also called the Gold Ring, to corner the gold market on the New York Gold Exchange. The scandal took place during the Presidency of Ulysses S. Grant, whose policy was to sell Treasury gold at weekly intervals to pay off the national debt, stabilize the dollar, and boost the economy. The country had gone through tremendous upheaval during the Civil War and was not yet fully restored. Abel Corbin, a small time speculator, married Virginia Grant, the younger sister of President Grant. After the marriage, Gould and Fisk approached Corbin, taking advantage of his brother-in-law relationship with the president, and persuaded Corbin to introduce them to Grant. Gould and Fisk hoped that befriending the President would get them privy information about upcoming government gold sales—information with which they manipulated the market. It worked, resulting in a scandal that undermined the credibility of Grant's presidency and the national economy. Gould and Fisk used their personal appearances with Grant to gain clout on Wall Street in addition to using their insider information.The print is very large (folio size), measuring approximately 11 x 15 inches (28 x 38 cm). The picture fills most of it, measuring about 9 x 13 inches, with a caption below it. The page is in excellent condition for its age. There is text/photos on the back of the print. See scan for an accurate view of the condition. This print will come with a Certificate of Authenticity. Powered by SixBit's eCommerce Solution
Price: 79.95 USD
Location: Lake Villa, Illinois
End Time: 2024-12-17T16:11:45.000Z
Shipping Cost: N/A USD
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Item Specifics
Return shipping will be paid by: Buyer
All returns accepted: Returns Accepted
Item must be returned within: 30 Days
Refund will be given as: Money Back
Return policy details:
Type: Print
Subject: History
Style: Realism
Size Type/Largest Dimension: Medium (Up to 30in.)
Print Type: Engraving
Original/Reproduction: Original Print
Date of Creation: 1800-1899
Listed By: Dealer or Reseller
Year of Production: 1860s
