James Fisk Junior
Wall Art and Photo Gifts from Mary Evans Picture Library
James Fisk Junior
JAMES FISK JUNIOR American financier Date: 1834 - 1872
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Media ID 14303186
© Mary Evans Picture Library
1834 1872 Financier Junior Fisk
EDITORS COMMENTS
1. Title: "James Fisk Jr.: The Wall Street Tycoon and the Gold Corner" James Fisk Jr. (1834-1872) was an American financier and stock market speculator whose audacious business tactics and controversial dealings left an indelible mark on the history of Wall Street. This image, taken during Fisk's prime years, showcases the charismatic and influential figure who would come to be known as "King of the Tickers." Born in a log cabin in New York State, Fisk's humble beginnings belied his future success. He began his career as a clerk in a dry goods store before turning to the stock market, where he quickly amassed a fortune through shrewd investments and cunning deals. Fisk's most notorious scheme involved manipulating the price of gold, a move that would come to be known as the "Gold Corner." In 1869, Fisk and his partner, Jay Gould, orchestrated a plan to corner the gold market by buying up as much gold as they could and driving up the price. They believed that President Ulysses S. Grant would soon announce the resumption of specie payments, causing a gold rush and driving the price even higher. However, their plan was foiled when Grant issued an unexpected call for a large gold purchase, flooding the market and causing the price to plummet. The Gold Corner scandal, as it came to be known, resulted in significant financial losses for Fisk and Gould, but it also brought about increased regulation of the stock market and heightened public awareness of the power and influence of Wall Street tycoons. Despite the controversy, Fisk continued to be a major player in the financial world until his untimely death in 1872. This evocative portrait of James Fisk Jr. captures the essence of a man who, through his audacious business tactics and controversial dealings, left an indelible mark on the history of Wall Street. The image serves as a reminder of the complex and often tumultuous world of 19th-century finance and the larger-than-life figures who shaped it.
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