26 Jun WHAT WERE THE LEADING CAUSES, MAIN EVENTS, AND POLICY RESPONSES?
Mainly 2 things to do
1. What were the leading causes, main events, and policy responses? (100~120 words)
2. Make a timeline graph ( timeline that will be in the appendix at the end)
The information has to be presented in the timeline graph is already
listed below, just to make it into graph
– In August, Gould and Fisk keep storing the gold, they personally owned a combined $60 million in gold—three times the amount of the public supply in New York. $100 gold piece had sold for around $132 in greenbacks, but only a few weeks later, the price spiked as high as $141
– Until September 22, the president Grant warned Corbin and Gould. Gould hid this information and planned to sell his private gold reserve secretly
– On September 23, Gould started selling his reserve, Fisk kept buying . The closed price of gold is $144.
– On September 24, the Black Friday. Before the news posted, gold price leap to $160. Shortly before noon, Grant met with Treasury Secretary George, and decide the Treasury would sell a whopping $4 million in gold the following day. Within minutes, the inflated gold prices plummeted from $160 to $133.
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