How did Jay Gould make his money?
By writing plays
By selling inventions
By heading a university
Through financial speculation
Answer
Jay Gould made his fortune through financial speculation, or gambling on the stock market. He was a master of the short squeeze, a technique used to drive down the price of a stock by selling large quantities of it in order to force other investors to sell their shares at a loss. Gould also used his political connections to manipulate the market and to gain control of key businesses.
The Railroad Titan: Discovering Jay Gould's Journey
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