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.
The George S. Boutwell Challenge: How Well Do You Know the Former Massachusetts Senator?