Jason “Jay” Gould, the son of John Burr Gould and Mary More Gould, was natural on May 27, 1836 on a dairy uprise in Roxbury, bran-new York. He studied at the Hobart Academy, plainly left at the of age 16 to work for his forefather in the hardware. He still continued his own confidential study, mostly on surveying and mathematics. Gould later went to work in the lumber and tanning business in western rude(a) York and then with banking in Stroudsburg, Pennsylvania. He married Helen Day milling machine in 1863 and had six children.
During the same time Jay Gould and James Fisk became mingled with Tammany Hall, a democratic political party in New York. They made Boss present cloth a director of the Erie Railroad, and Tweed, in return, arranged for them to have power in the legislation. In October 1871, when Tweed was held on $8 million bail, Gould was the chief bondsman.
In disdainful 1869, Gould and Fisk began to buy property in an attempt to gain approximately control of the market then, hoping that the increase in the price of gold would increase the price of such things as wheat that western farmers would sell, causing a neat amount of shipping of breads eastward, and change magnitude freight business for the Erie railroad that he was involved in. During this time, Gould utilize contacts with President Ulysses S.
Grants brother-in-law, Abel Corbin, to try to influence the president and his Secretary public named Horace Porter. These speculations in gold culminated in the panic of Black Friday, (one of the biggest air scandals of all time) on September 24, 1869, when the premium over face value on a gold fell from 62% to 35% a heavy drop.Gould made a great profit from this operation, but lost it in the subsequent lawsuits. The encounter also cost him his reputation.
After being forced come to the fore of the Erie Railroad, Gould started to build up a system of railroads in the middle west by gaining control of four western railroads, including the Union peace-loving and the Missouri...If you want to get a full essay, order it on our website: Orderessay
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