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Financiers Jim Fisk and Jay Gould tried to involve the Grant Administration in a corrupt scheme to?
Wiki User
∙ 12y ago
...to "corner the gold market."
"Notorious in the financial world were two millionaire partners, 'Jubilee Jim' Fisk and Jay Gould. The corpulent and unscrupulous Fisk provided the 'brass,' while the undersized and cunning Gould provided the brains. The crafty pair concocted a plot in 1869 to corner the gold market. Their slippery game would work only if the federal Treasury refrained from selling gold. The conspirators worked on President Grant directly and also through his brother-in-law, who received $25,000 for his complicity. On 'Black Friday' (September 24, 1869), Fisk and Gould madly bid the price of gold skyward, while scores of honest businesspeople were driven to the wall. The bubble finally broke when the Treasury, contrary to Grant's supposed assurances, was compelled to release gold. A congressional probe concluded that Grant had done nothing crooked, though he had acted stupidly and indiscreetly" (The American Pageant: A History of the Republic. Thirteenth Edition; Advanced Placement Edition. Copyright 2006).
Wiki User
∙ 12y ago
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Was Warren G. Harding the most corrupt president?
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What is Atticus reaction to the scheme?
Atticus reacts with disapproval to the scheme, recognizing its moral ambiguity and the potential harm it could cause to others. He values honesty and integrity, and does not support actions that involve deceit or manipulation. Ultimately, Atticus encourages his children to always choose the path of honesty and fairness.
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aim of antyodya scheme
How do you use the word scheme in a sentence?
That scheme is really great. Do not invest in fraud Schemes.
