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What was George S. Boutwell's role in the gold market in September 1869?

  • He attempted to corner the market

  • He and President Grant thwarted an attempt to corner the market

  • He lost a fortune in the market

  • He had no involvement

Answer

George S. Boutwell and President Grant thwarted an attempt to corner the gold market in September 1869 by releasing $4,000,000 of gold into the economy. This action helped to stabilize the market and prevent a financial crisis.
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