These are three very intriguing scandals that people have pulled off. The first is The Tweed Ring Scandal which happened in New York. The second is The Credit Mobilier Scandal. The last is Black Friday which was a gold scandal. They are all very strategically planned scandals. Most of these scandal actually got pulled off somehow. My favorite scandal would have to be the Tweed Ring scandal. They managed to get anywhere from 30 million dollars to 200 million dollars. The main guy that was in the scandal was called boss tweed. He had the entire state New York under his fingertips. For now lets get into The Tweed Ring Scandal. "William "Boss" Tweed began his rise to influence in the late 1840s as a volunteer fireman in New York …show more content…
He served as an ulderman in 1852-53 and then was elected to a term in the U.S. House of Representatives 1853-55. State and local affairs were his prime concern and he remained active in Tammany Hall, the organization force of the Democratic Party in New York. Tweed emerged as a focal point of patronage decisions, giving him eminence power. Ben Tweed gathered a small group of men who controlled New York City's finances. They dispence jobs in return for political support and bribes. Historians have never been able to tabulate the full extent to which the City's resources were drained. The amount was no less than $30 million and may be as much as $200 million. On January 1, 1869, Boss Tweed's mas, John T. Hoffman, was inaugurated governor New York state. In New York City itself, Tweed reigned supreme. He controlled the district attorney, the police, the courts, and most of the newspapers. Although a Democrat, he diffused criticism from Republic by putting scores of them …show more content…
financial sector descended into chaos after rebel speculators Jay Gould and Jim Fish attempted to corner the nations gold market. The robber barons hoped to make a mint by driving the price of gold into the stratosphere, and to help pull it off, they built a network of corruption that extended from Wall Street and The New York City government all the way to the family of President Ulysses S. Grant. The conspiracy finally unraveled on what became known as "Black Friday,"But not before Gould and Fisk had dragged the entire U.S. economy to the brink of catastrophe. In Washington D.C., Ulysses S. Grant resolved to bust Gould and Fisk's corner on the gold market. Shortly before noon, he met with Treasury Secretary George Boutwell, who had been following the chaos via telegraph. After a brief conversation, Grant ordered Boutwell to open his vaults and flood the market. A few minutes later, Boutwell wired New York and announced Treasury would sell a whooping $4 million in gold the following day. Ripples from "Black Friday" affected the U.S. economy for several years and blighted the rest of Ulysses S. Grant's tenure as president. Nevertheless, Jay Gould and Jim Fish managed to escape the disaster none the worse wear. despite multiple allegations of malfeasance and an official investigation by Congress, the two leveraged their political connections and employed a bridge of attorneys to avoid spending a single day in