Black Friday

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  • Flashback Friday! Will Smith Starts ‘Men In Black’ Dance Craze, Circa 1997

    celebuzz.com 3 days, 13 hours ago

    Before his daughter, Willow Smith, was whipping her hair back and forth, Will Smith was doing his own dance for the 1997 music video for his blockbuster movie Men In Black. If you can’t recall the “just bounce with me, take a walk with me, make your neck work” dance routine that Will made popular,... Read more»

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Black Friday, September 24, 1869 also known as the Fisk/Gould scandal, was caused by two speculators’ efforts to corner the gold market on the New York Gold Exchange. It was one of several scandals that rocked the presidency of Ulysses S. Grant. During the reconstruction era after the American Civil War, the United States government issued a large amount of money that was backed by nothing but credit. After the war ended, people commonly believed that the U.S. Government would buy back the “greenbacks” with gold. In 1869, a group of speculators, headed by James Fisk and Jay Gould, sought to profit off this by cornering the gold market. Gould and Fisk first recruited Grant’s brother-in-law, a financier named Abel Corbin. They used Corbin to get close to Grant in social situations, where they would argue against government sale of gold, and Corbin would support their arguments. Corbin convinced Grant to appoint General Daniel Butterfield as assistant Treasurer of the United States. Butterfield agreed to tip the men off when the government intended to sell gold.
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