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Caricature of financier Jay Gould, 1869
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Caricature of financier Jay Gould, 1869
1576252 Caricature of financier Jay Gould, 1869; (add.info.: The "Boy of the period" stirring up the animals Caricature of financier Jay Gould, left, who attempts to corner the gold market, represented by bulls and bears in a cage. On Black Friday, September 1869, in the midst of scandal, President Ulysses S. Grant, center, restored prevailing gold prices by having the U.S. Treasury sell five million dollars in gold which he brings forward in a bag.); Universal History Archive/UIG
Media ID 38311004
© Universal History Archive/UIG / Bridgeman Images
1860s Financier Period Stirring Treasury Jay Gould Ulysses Grant
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EDITORS COMMENTS
This intriguing print captures a caricature of financier Jay Gould from 1869, during a tumultuous time in American history. Known as the "Boy of the period," Gould is depicted stirring up the animals representing the volatile gold market, with bulls and bears locked in a cage.
In the center of this chaotic scene stands President Ulysses S. Grant, who played a pivotal role in restoring order to the financial markets on Black Friday in September 1869. Facing scandal and manipulation by Gould, Grant took decisive action by having the U.S. Treasury sell five million dollars' worth of gold to stabilize prices.
The image symbolizes not only the power struggles between political figures and financiers during this era but also highlights how external forces can impact economic stability. Gould's attempt to corner the gold market ultimately failed thanks to Grant's intervention, showcasing the importance of strong leadership in times of crisis.
This historical snapshot serves as a reminder of how politics and finance have always been intertwined, with consequences that reverberate through society at large. The intricate details and symbolism within this caricature offer a glimpse into a turbulent chapter in America's past that continues to resonate today.
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