THE NEW YORK GOLD ROOM: Wall Street's Big Gamble on the Civil War

THE NEW YORK GOLD ROOM: Wall Street's Big Gamble on the Civil War

by Kinahan Cornwallis
     
 
In all American history, with its many financial booms and busts, only once has the United States Congress ever stepped in and closed a major financial market in the middle of active trading, trying to stop speculation and cool prices. This took place in 1864 at one of the bloodiest points of the Civil War. Its target? The New York Gold Exchange, or Gold Room.

Overview

In all American history, with its many financial booms and busts, only once has the United States Congress ever stepped in and closed a major financial market in the middle of active trading, trying to stop speculation and cool prices. This took place in 1864 at one of the bloodiest points of the Civil War. Its target? The New York Gold Exchange, or Gold Room.
British-born Kinahan Cornwallis (1839-1917) witnessed these events while working during the War in New York City as a reporter for the New York Herald. He wrote this original account in 1879 as the Gold Exchange was preparing to close its doors. We at Viral History Press are proud to present it in an updated, readable form as the first in a new series called History Shorts / Original Voices, compelling eye witness accounts of key moments in American history.

Product Details

ISBN-13:
2940014461658
Publisher:
Viral History Press LLC
Publication date:
05/21/2012
Series:
History Shorts / Original Voices , #1
Sold by:
Barnes & Noble
Format:
NOOK Book
File size:
441 KB

Meet the Author

British-born Kinahan Cornwallis (1839-1917)was born and educated in London, England. He joined the British Colonial Civil Service, which stationed him in posts from Australia to Singapore, Egypt, Japan, South America, and Canada. Reaching New York just before the start of the Civil War, he quickly became a fixture in the New York literary scene. He left the New York Herald after the War and edited two popular literary journals, the Knickerbocker Magazine and the Albion, and later took control of the Wall Street Daily Investigator. A tireless traveler, he is the author of over a dozen books from the late Nineteenth CDentury. His son, Kinahan Cornwallis Jr., was a prominent British diplomat serving in Cairo and Iraq during the early Twentieth Century.

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