Podcasts · Great Business Stories
The Gold Ring Scandal of 1869
· 27 min
Episode The Gold Ring Scandal of 1869
This, I promise you, is one of the most audacious and just jaw dropping financial schemes that I’ve ever come across. Two young outsiders initially taking on and beating Cornelius Vanderbilt, the richest man in America and then on the back of their success, they attempt to corner the gold market. It's got everything, political corruption, backroom deals in Albany, a siege in New Jersey, back stabbing and betrayal, and the first Black Friday ever 1869, when the markets crashed and Wall Street descended into chaos.
It's a cracking story — enjoy.
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