Though Fisk was admired by the working class of New York and the Erie Railroad, he achieved much ill-fame for his role in Black Friday in 1869, where he and his partner Jay Gould befriended the unsuspecting President Ulysses S. Grant in an attempt to use the President's good name in a scheme to corner the gold market in New York City. On ...

Sep 24, 2014 · Gould also enlisted the help of his fellow financial buccaneer Jim Fisk, who promptly dropped $7 million on gold and became one of the cabal’s leading members.

The panic, which became known as Black Friday, was the result of a conspiracy between two investors, Jay Gould, later joined by his partner James Fisk, and Abel Corbin, a small time speculator who had married Virginia (Jennie) Grant, the younger sister of …

In August 1869, Gould and Fisk conspired to begin to buy gold in an attempt to illegally corner the market. Gould used contacts with President Ulysses S. Grant 's brother-in-law, Abel Corbin , to influence the president and his Secretary General, Horace Porter .

The crash was a consequence of an attempt by financier Jay Gould and railway magnate James Fisk to corner the gold market and drive up the price. The scheme depended on keeping government gold off the market, which the manipulators arranged through political influence.

Jul 21, 2019 · Jim Fisk (April 1, 1835–Jan. 7, 1872) was a businessman who became nationally famous for unethical business practices on Wall Street in the late 1860s. He became a partner of the notorious robber baron Jay Gould in the Erie Railroad War of 1867–1868, and he and Gould caused a financial panic with their scheme to corner the gold market in 1869.

Jun 14, 2022 · In 1869, this allowed two speculators, Jay Gould and James Fisk, to organize a vast project to manipulate the price of gold. Thus, on September 24, 1869, the price of gold collapsed by nearly 20%, going from $162 to just over $130 per ounce in …

Jan 3, 2025 · James Fisk (born April 1, 1834, Bennington, Vt., U.S.—died Jan. 7, 1872, New York, N.Y.) was a flamboyant American financier, known as the “Barnum of Wall Street,” who joined Jay Gould in securities manipulations and railroad raiding.

Fisk, with his partners Jay Gould and Daniel Drew, brought about a fundamental transformation in business methodology. While their approach was diabolically cunning, it radically revised the rules of the game on Wall Street. Fisk's role in the Erie War …

Nov 24, 2019 · The primary characters were Cornelius Vanderbilt, the venerable transportation magnate known as “The Commodore,” and Jay Gould and Jim Fisk, upstart Wall Street traders becoming famous for shamelessly unethical tactics. Vanderbilt, the richest man in America, sought control of the Erie Railroad, which he planned to add to his vast holdings.