What happened on September 24 - Interesting US History

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ON THIS DAY IN UNITED STATES HISTORY

September 24, 1789

Gold Prices Plummet in What is Known as Black Friday

On this day in 1869, a financial panic caused gold prices to plummet when the United States government, under Ulysses S. Grant began selling off its gold.

This action by the government was in response to two speculators by the names of James Fisk and Jay Gould trying to corner the gold market. At first, the prices rose but when the government began dumping its gold on the market, the price plummeted within minutes. Many investors were ruined

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The First Submarine

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◦	Myth: Daniel Boone wore a coonskin cap
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◦	Myth: Eli Whitney invented the cotton gin
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◦	Myth: Abraham Lincoln's childhood log cabin is on display in Hodgenville, Kentucky
◦	Myth: The Civil War was all about slavery
◦	Myth: In April of 1775, Paul Revere rode through the streets from Boston to Lexington yelling "The British Are Coming"
◦	Myth: The Pilgrims lived in log cabins
◦	Myth: During the Civil War, Lincoln once said about Grant's drinking: "If I knew what brand he used, I'd send every general a barrel"
◦	Myth: Charles Lindbergh was the first man to fly nonstop across the Atlantic
◦	Myth: George Washington fathered several children by his slaves
◦	Myth: The Battle of Bunker Hill was fought on Bunker Hill
◦	Myth: When Confederate president, Jefferson Davis was arrested after the Civil War, he was wearing his wife's clothes
◦	Myth: The Liberty Bell rang on July 4, 1776 in celebration of American independence
◦	Myth: The reason Germany got off to such a fast start in World War II was because of its pre-war preparations

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