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Black Friday (1869)
The Black Friday gold panic of September 24, 1869 was caused by a conspiracy between two investors, Jay Gould and his partner James Fisk, and Abel Corbin, a small time speculator who had married Virginia (Jennie) Grant, the younger sister of President Ulysses Grant. They formed the ''Gold Ring'' to corner the gold market and force up the price of metal 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. Gould and Fisk hoped to take advantage of Corbin's relationship with his brother-in-law—the president—and Gould persuaded Corbin to introduce him to Grant. Gould and Fisk hoped that befriending the President would get them privy information about the government's gold policy—and even prevent the ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Black Friday 1869
Black is a color which results from the absence or complete absorption of visible light. It is an achromatic color, without hue, like white and grey. It is often used symbolically or figuratively to represent darkness. Black and white have often been used to describe opposites such as good and evil, the Dark Ages versus Age of Enlightenment, and night versus day. Since the Middle Ages, black has been the symbolic color of solemnity and authority, and for this reason it is still commonly worn by judges and magistrates. Black was one of the first colors used by artists in Neolithic cave paintings. It was used in ancient Egypt and Greece as the color of the underworld. In the Roman Empire, it became the color of mourning, and over the centuries it was frequently associated with death, evil, witches, and magic. In the 14th century, it was worn by royalty, clergy, judges, and government officials in much of Europe. It became the color worn by English romantic poets, businessm ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Andrew Johnson
Andrew Johnson (December 29, 1808July 31, 1875) was the 17th president of the United States, serving from 1865 to 1869. He assumed the presidency as he was vice president at the time of the assassination of Abraham Lincoln. Johnson was a Democrat who ran with Lincoln on the National Union ticket, coming to office as the Civil War concluded. He favored quick restoration of the seceded states to the Union without protection for the newly freed people who were formerly enslaved. This led to conflict with the Republican-dominated Congress, culminating in his impeachment by the House of Representatives in 1868. He was acquitted in the Senate by one vote. Johnson was born into poverty and never attended school. He was apprenticed as a tailor and worked in several frontier towns before settling in Greeneville, Tennessee. He served as alderman and mayor there before being elected to the Tennessee House of Representatives in 1835. After briefly serving in the Tennessee Senate, J ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Ulysses S
Ulysses is one form of the Roman name for Odysseus, a hero in ancient Greek literature. Ulysses may also refer to: People * Ulysses (given name), including a list of people with this name Places in the United States * Ulysses, Kansas * Ulysses, Kentucky * Ulysses, Nebraska * Ulysses Township, Butler County, Nebraska * Ulysses, New York *Ulysses, Pennsylvania * Ulysses Township, Potter County, Pennsylvania Arts and entertainment Literature * "Ulysses" (poem), by Alfred Lord Tennyson * ''Ulysses'' (play), a 1705 play by Nicholas Rowe * ''Ulysses'', a 1902 play by Stephen Phillips * ''Ulysses'' (novel), by James Joyce * ''HMS Ulysses'' (novel), by Alistair Maclean * Ulysses (comics), two members of a fictional group in the Marvel Comics universe * Ulysses Klaue, a character in Marvel comic books * Ulysses: Jeanne d'Arc and the Alchemist Knight, a light novel Film and television * ''Ulysses'' (1954 film), starring Kirk Douglas based on the story of Homer's ''Odysse ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Associated Press
The Associated Press (AP) is an American non-profit news agency headquartered in New York City. Founded in 1846, it operates as a cooperative, unincorporated association. It produces news reports that are distributed to its members, U.S. newspapers and broadcasters. The AP has earned 56 Pulitzer Prizes, including 34 for photography, since the award was established in 1917. It is also known for publishing the widely used '' AP Stylebook''. By 2016, news collected by the AP was published and republished by more than 1,300 newspapers and broadcasters, English, Spanish, and Arabic. The AP operates 248 news bureaus in 99 countries. It also operates the AP Radio Network, which provides newscasts twice hourly for broadcast and satellite radio and television stations. Many newspapers and broadcasters outside the United States are AP subscribers, paying a fee to use AP material without being contributing members of the cooperative. As part of their cooperative agreement with the AP, most ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Gold Bar
A gold bar, also called gold bullion or gold ingot, is a quantity of refined metallic gold of any shape that is made by a bar producer meeting standard conditions of manufacture, labeling, and record keeping. Larger gold bars that are produced by pouring the molten metal into molds are called ingots. Smaller bars may be manufactured by minting or stamping from appropriately rolled gold sheets. The standard gold bar held as gold reserves by central banks and traded among bullion dealers is the Good Delivery gold bar. The kilobar, which is in mass, and a 100 troy ounce gold bar are the bars that are more manageable and are used extensively for trading and investment. The premium on these bars when traded is very low over the spot value of the gold, making it ideal for small transfers between banks and traders. Most kilobars are flat, although some investors, particularly in Europe, prefer the brick shape. Types Based upon how they are manufactured, gold bars are categorized as ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Fifth Avenue Theatre
Fifth Avenue Theatre was a Broadway theatre in New York City in the United States located at 31 West 28th Street and Broadway (1185 Broadway). It was demolished in 1939. Built in 1868, it was managed by Augustin Daly in the mid-1870s. In 1877, it became the first air-conditioned theatre in the world. In 1879, it presented the world premiere of ''The Pirates of Penzance'' by Gilbert and Sullivan and the New York premiere of ''H.M.S. Pinafore'', followed by other Gilbert and Sullivan operas throughout the 1880s. The theatre continued to present both plays and musicals through the end of the century. At the beginning of the 20th century, the theatre presented English classics and then vaudeville, and later films, as well as plays and musicals. History The theatre was built in 1868 and was originally named Gilsey's Apollo Hall, in 1870 renamed the St. James Theatre. Its capacity was approximately 1,530 seats. [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Tenth National Bank
The Tenth National Bank was an American bank that existed in the 19th Century. At one time, financier Jay Gould acquired a controlling interest in the bank, and New York's William M. Tweed ("Boss Tweed") was one of its directors. The Tenth National Bank was also "Gould's primary vehicle to finance his move to establish a gold corner," leading up to Black Friday (1869) The Black Friday gold panic of September 24, 1869 was caused by a conspiracy between two investors, Jay Gould and his partner James Fisk, and Abel Corbin, a small time speculator who had married Virginia (Jennie) Grant, the younger sister of .... The Bank failed in the 1870s. References Bank failures in the United States Economic history of the United States Companies disestablished in the 1870s {{Bank-stub ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Horace Porter
Horace Porter (April 15, 1837May 29, 1921) was an American soldier and diplomat who served as a lieutenant colonel, ordnance officer and staff officer in the Union Army during the American Civil War, personal secretary to General and President Ulysses S. Grant. He also was secretary to General William T. Sherman, vice president of the Pullman Palace Car Company and U.S. Ambassador to France from 1897 to 1905. Early life Porter was born in Huntingdon, Pennsylvania, on April 15, 1837,Eicher, John H., and David J. Eicher, ''Civil War High Commands''. Stanford: Stanford University Press, 2001. . pp. 435–436 the son of David Rittenhouse Porter (1788–1867), an ironmaster who later served as Governor of Pennsylvania, and Josephine McDermott. His paternal grandfather was Andrew Porter, the Revolutionary War officer and his paternal uncles included George Bryan Porter, the Territorial Governor of Michigan, and James Madison Porter, the Secretary of War. Among his first cousins wa ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Joseph Hooker
Joseph Hooker (November 13, 1814 – October 31, 1879) was an American Civil War general for the Union, chiefly remembered for his decisive defeat by Confederate General Robert E. Lee at the Battle of Chancellorsville in 1863. Hooker had served in the Seminole Wars and the Mexican–American War, receiving three brevet promotions, before resigning from the Army. At the start of the Civil War, he joined the Union side as a brigadier general, distinguishing himself at Williamsburg, Antietam and Fredericksburg, after which he was given command of the Army of the Potomac. His ambitious plan for Chancellorsville was thwarted by Lee's bold move in dividing his army and routing a Union corps, as well as by mistakes on the part of Hooker's subordinate generals and his own loss of nerve. The defeat handed Lee the initiative, which allowed him to travel north to Gettysburg. Hooker was kept in command, but when General Halleck and Lincoln declined his request for reinforcements, he r ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Daniel Butterfield
Daniel Adams Butterfield (October 31, 1831 – July 17, 1901) was a New York businessman, a Union general in the American Civil War, and Assistant Treasurer of the United States. After working for American Express, co-founded by his father, Butterfield served in the Civil War, where he was soon promoted brigadier general, and wounded at Gaines' Mill. While recuperating, he either wrote or re-wrote a popular bugle-call for burials, called '' Taps''. He commanded a division at Fredericksburg, and then became Hooker's chief of staff, sharing both the credit for improved morale and responsibility for the licentious behavior that Hooker tolerated in camp. He also became embroiled in Hooker’s political feuds with Burnside and Meade. Wounded at Gettysburg, he served in Sherman’s Atlanta campaign, before retiring from front-line service through illness. He later received the Medal of Honor. In Grant's administration, he was Assistant Treasurer of the United States, abusing th ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Erie Railroad
The Erie Railroad was a railroad that operated in the northeastern United States, originally connecting New York City — more specifically Jersey City, New Jersey, where Erie's Pavonia Terminal, long demolished, used to stand — with Lake Erie, at Dunkirk, New York. It expanded west to Chicago with its 1865 merger with the former Atlantic and Great Western Railroad, also known as the New York, Pennsylvania and Ohio Railroad (NYPANO RR). Its mainline route proved influential in the development and economic growth of the Southern Tier of New York State, including cities such as Binghamton, Elmira, and Hornell. The Erie Railroad repair shops were located in Hornell and was Hornell's largest employer. Hornell was also where Erie's mainline split into two routes, one northwest to Buffalo and the other west to Chicago. On October 17, 1960, the Erie merged with former rival Delaware, Lackawanna & Western Railroad to form the Erie Lackawanna Railroad. The Hornell repair shops were c ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Gold Dollar
The gold dollar or gold one-dollar piece is a gold coin that was struck as a regular issue by the United States Bureau of the Mint from 1849 to 1889. The coin had three types over its lifetime, all designed by Mint Chief Engraver James B. Longacre. The Type 1 issue has the smallest diameter (0.5 inch =12.7mm) of any United States coin minted to date. A gold dollar coin had been proposed several times in the 1830s and 1840s, but was not initially adopted. Congress was finally galvanized into action by the increased supply of bullion caused by the California gold rush, and in 1849 authorized a gold dollar. In its early years, silver coins were being hoarded or exported, and the gold dollar found a ready place in commerce. Silver again circulated after Congress in 1853 required that new coins of that metal be made lighter, and the gold dollar became a rarity in commerce even before federal coins vanished from circulation because of the economic disruption caused by the Americ ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
