1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Morgarella [4.7K]
3 years ago
6

1. What two-word term, which describes a modern-day retail event, was originally used in 1869 in reference to the collapse of th

e U.S. gold market?
History
2 answers:
elena-14-01-66 [18.8K]3 years ago
6 0

This period of time is known as Black Friday. In 1869, two people named Jay Gould and James Fisk, considering that at the time gold was still used as international currency, sought to corner the gold market by purchasing every single gold unit they could get their hands on. This caused the price of gold  to highly rise for a small period of time, but having discovered the scheme of these two, former President Grant released millions of dollars in gold on a Friday. This release caused the price of gold to plummet, and the country entered economic turmoil.

Alex777 [14]3 years ago
3 0

The term is “Black Friday”. It was a terrible crisis in 1869 in the United States because while the government tried to recover after the civil war, it had many debts to pay, and for financed them, the government emitted coins and bonus equivalent to gold, this opportunity let stability in the country. However, Jay Gould and James Fisk, were two characters who had knowledge about that and they took advantage of the situation, accumulating all the gold they could. After almost two months, the president discovered them so Jay Gould began to sell the majority of gold. This fact caused the Black Friday so the price of gold increased from 144 to 200 dollars creating a big crisis in WallStreet.

Nowadays the "Black Friday" is an event that means discount and season offers in minority stores.

You might be interested in
What land was originally included in the Organic Act of 1890?
Novosadov [1.4K]
On May 2, 1890, the Oklahoma Organic Act was passed officially creating Oklahoma Territory, which initially excluded lands occupied by the Five Civilized Tribes, but reorganized the legal system of Indian Territory, providing for a mechanism to consolidate Oklahoma and Indian Territories.
5 0
3 years ago
Who’s idea was it to build the holiday camp?
irakobra [83]

The person that had the idea was Aldof Hitler.Hope that answers your question :)

3 0
3 years ago
Which of the following terms is used to describe when a person becomes part of a culture that is different from his or her nativ
Bezzdna [24]

The answer is b)assimilation.

5 0
3 years ago
NEED HELP PLEASE!!! WILL GIVE BRAINLIEST!!!
kykrilka [37]
1. Railroad can now give supplies better but now many are homeless

2. Think of it simplistically, if an employer can pay 5 people with $10 each (just an example), and then now the employer is forced to give each person $12.50, that means he’s now forced to lay off one of those 5 people so the other 4 people can have $12.50 each.

Basically it results in employees making more money, but also that other employees suffer and lose their jobs because of it. People want to raise minimum wage until they lose their jobs lol
5 0
3 years ago
The mayan civilization was
Archy [21]
B) is the answer.
The Maya outshone in the areas of hieroglyph writing, calendar-making, mathematics, agriculture, etc.
4 0
3 years ago
Other questions:
  • Describe the scope and demands of anti-colonial (visionary) movements of mid-19th century in the China, North America, and Afric
    12·1 answer
  • Research paper on how george washington's presidency
    12·1 answer
  • Why were the colonists upset about the system of mercantilism?
    14·1 answer
  • Which one of the following agencies is considered an independent federal agency?
    14·1 answer
  • The U.S. faced armed resistance from the peoples of which land gained in the treaty that ended the Spanish-American War?
    7·1 answer
  • What effect did geography have on how the different native american tribes lived?
    7·1 answer
  • What factors caused social conflicts between settlers on the Great Plains and native Americans
    8·1 answer
  • Are the continents on the same place ? evidence
    5·1 answer
  • Briefly explain one major difference between Schlesinger’s and Robinson’s historical interpretation of the impact of the new dea
    13·1 answer
  • AMERICA'S WESTWARD EXPANSION FOLLOWING THE CIVIL WAR OFTEN RESULTED CONFLICT BETWEEN
    5·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!