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Identify the US President that fits the following statement, or led during the following event:
Gold Panic 1869
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| Ulysses S. Grant |
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| John Quincy Adams |
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| George W. Bush |
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| James A. Garfield |
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The Black Friday, September 24, 1869, gold panic was caused by a concerted effort to corner the gold market. The scandal took place during the Presidency of Ulysses S. Grant, whose policy was to sell Treasury gold at weekly intervals to pay off the national debt, stabilize the dollar, and boost the economy.
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The correct answer was Ulysses S. Grant
The Black Friday, September 24, 1869, gold panic was caused by a concerted effort to corner the gold market. The scandal took place during the Presidency of Ulysses S. Grant, whose policy was to sell Treasury gold at weekly intervals to pay off the national debt, stabilize the dollar, and boost the economy.
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