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What was George S. Boutwell's role in thwarting an attempt to corner the gold market in 1869?
He was a bystander
He was a participant
He and President Grant released gold into the economy
He was unaware of the attempt
Answer
George S. Boutwell and President Ulysses S. Grant thwarted an attempt to corner the gold market in September 1869 by releasing $4,000,000 of gold into the economy. This action stabilized the market and prevented a financial crisis.
The George S. Boutwell Challenge: How Well Do You Know the Former Massachusetts Senator?
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