See Also: Black Friday(money)
Black Friday(encyclopedia)
Black Friday(finance)
Friday(dictionary)
Friday(dictionary)
Man Friday(dictionary)
Good Friday(dictionary)
girl Friday(dictionary)
Good Friday(encyclopedia)
Good Friday Agreement(dictionary)

Black Friday (sh)




Day (Sept. 24, 1869) when plunging gold prices precipitated a U.S. stock-market panic.

An attempt by Jay Gould and James Fisk to corner the market in gold and drive up its price depended on preventing the sale of government gold, an arrangement assured through the two men's political influence. When Pres. Ulysses S. Grant heard of the scheme, he ordered the government to sell $4 million in gold, which caused the price to drop and produced a panic selling of other stocks.