Licensed from Columbia University Press
Licensed from Columbia University Press
Licensed from Columbia University Press
Friday before Easter, commemorating the crucifixion of Jesus. As early as the 2nd century it was kept by Christians as a day of penance and fasting. The Eastern Orthodox and Roman Catholic churches have special liturgies for the day, which include readings and prayers commemorating Christ's sufferings on the cross. Protestant churches also hold special services on Good Friday.
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Day (Sept. 24, 1869) when plunging gold prices precipitated a U.S. stock-market panic. An attempt by Jay Gould and James Fisk to corner the market in gold and drive up its price depended on preventing the sale of government gold, an arrangement assured through the two men's political influence. When Pres. Ulysses S. Grant heard of the scheme, he ordered the government to sell $4 million in gold, which caused the price to drop and produced a panic selling of other stocks.
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