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What is the value of an 1869 US dollar coin?
The US made both silver and gold dollars in 1869. Please see the Related Questions for more information.
What is the value of an Andrew Jobnson 1865-1869 gold dollar worth?
If you got it from a bank or in change it's $1.00. Only a proof coin is worth more. The dual date 1865-1869 is the term in office of Andrew Johnson as president. The 2011 date & mintmark is on the edge of the coin. Also, it's not gold.
How much is a 50.00 gold coin worth?
The value of a 50.00 gold coin can vary significantly based on factors such as its gold content, current market prices for gold, and its numismatic value (rarity and demand among collectors). As of October 2023, the price of gold fluctuates, so you would need to check the current market price per ounce to calculate its worth based on the coin's gold content. Additionally, if the coin is a collector's item, it may be worth more than its gold content alone.
How much is 1 dollar of gold in 1848 worth today?
To determine the value of 1 dollar of gold in 1848 in today's terms, we need to consider the historical price of gold and inflation. In 1848, the price of gold was approximately $20.67 per ounce. Adjusting for inflation and the current market price of gold, which is around $1,800 per ounce in recent years, 1 dollar of gold in 1848 could be worth roughly $87 today, depending on specific inflation calculations and market fluctuations.
How much is a gram of gold in US?
As of October 2023, the price of gold fluctuates daily based on market conditions. Typically, a gram of gold is priced around $60 to $70, but it's important to check current market rates for the most accurate pricing. For precise values, consider checking reputable financial news sources or commodities trading platforms.
Bold and unprincipled financier whose plot to corner the US gold market nearly succeeded in 1869?
AnswerJim fisk
What two people tried to manipulate the gold market by asking President Grant to stop the sale of gold for a period of time?
James Fisk and Jay Gould were the two people who attempted to manipulate the gold market during the presidency of Ulysses S. Grant. They devised a plan to corner the gold market by convincing Grant to halt government gold sales, which would drive up the price. However, their plan ultimately failed when Grant resumed gold sales, leading to a significant market crash known as "Black Friday" in 1869.
What was the 1869 Fisk-Gould Gold scheme?
The 1869 Fisk-Gould Gold scheme was a financial conspiracy orchestrated by Jay Gould and James Fisk to artificially inflate the price of gold on the New York Gold Exchange. They aimed to profit by manipulating the market, creating a false demand for gold, and buying large quantities to drive prices up. Their scheme unraveled when the government intervened by selling gold reserves, leading to a market crash and significant losses for investors. The scandal highlighted the risks of stock market manipulation and the need for greater regulation.
Who was president on black Tuesday'?
Ulysses S. Grant was President when the nation experienced it's first "Black Friday" Wall Street crisis on September 24, 1869. The crash was caused by two industrialists, Fiske and Gould, who conspired to corner the market on gold.
How did Black Friday in 1869 affect the Stock Market?
Black Friday, September 24, 1869, was the culmination of the Fiske/Gould gold scandal, in which two wealthy industrialists conspired to corner the market on gold by creating artificial demand that drove up prices. When the price of gold reached an unprecedented $144 per (troy) ounce, President Grant and the US Treasury responded by selling $4 million in federal gold, causing prices to plummet to $35 per ounce. This created a financial panic on Wall Street, with frenzied selling in both the stock exchange and the gold exchange. The scandal wiped out 50 brokerage houses and crippled more than 150 others. The Gold Exchange was closed for a week.
Were there scandals with Ulysses S Grant?
Grant was a much better general than a president. James Fisk and Jay Gould tried to manipulate the gold market causing finanial panic on September 24, 1869 called Black Friday. The Whiskey Ring in 1875 was public officials and distillers that tried to fraud the government of taxes on liquor.
Bold and unscrupulous financier who almost cornered the market on gold on 1869?
I'm pretty sure it's Jim Fiskbut it could be J.P. Morgan
Financiers Jim Fisk and Jay Gould tried to involve the Grant Administration in a corrupt scheme to?
...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).
When do two unscrupulous financiers use corrupt means to manipulate New York gold markets and the US Treasury?
Black Friday, September 24, 1869 also known as the Fisk/Gould scandal, was a financial panic in the United States caused by two speculators' efforts to corner the gold market on the New York Gold Exchange. It was one of several scandals that rocked the presidency of Ulysses S. Grant.
One of the major political scandals of the Grant presidency involved?
The first big scandal was the Black Friday Gold Panic of 1869 in which Jay Gould and James Fisk tried to corner the gold market and manipulate the price of gold to their benefit and the ruination of the national economy. Abel Corbin who was married to the sister of Mrs. Grant was involved and he may have "invested" some money from Mrs. Grant in the complicated scheme. Grant met Gould and Fisk at Corbin's house and they tried to get him to help them or at least not interfere. Grant eventually became suspicious and alerted his treasury secretary. The plot was foiled but not before great harm was done . The related link gives more information about this and the other scandals tied to the Grant administration.
What was the chief objective of the gold conspiracy of 1869?
To place the nation on the single gold standard
Why was Grant involved in Black Friday?
I know Jay Gould and James Fisk, to corner the gold market on the New York Gold Exchange. It was one of several scandals that rocked the presidency of Ulysses S. Grant.
