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Money Mayhem: Exploring The Most Electrifying Episodes Of Wall Street's Wild History – And Beyond!
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Diamonds In The Rough: The Great American Swindle Of 1872
Manage episode 365605387 series 3473645
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Welcome to an enthralling Money Mayhem episode, "Diamonds in the Rough: The Great American Swindle of 1872". Set against the vibrant backdrop of the Gilded Age, we journey through the audacious financial deception perpetrated by prospectors Philip Arnold and John Slack. Discover the socio-economic climate that fueled their scheme and the intoxicating promise of rapid wealth that ensnared their victims. Immerse yourself in the tale of the sensational diamond discovery, a masterstroke of manipulation and showmanship that stirred a greed-induced frenzy. As we delve into the validation of the hoax, learn about their cunning use of fake experts that fooled even the experienced engineer Henry Janin. Experience the stunning revelation by geologist Clarence King that sent shockwaves through the financial world. Finally, we'll explore the aftermath, the surprising impunity of Arnold and Slack, and the lasting impact of the hoax on the diamond industry, stock market, and society at large. Prepare for a captivating journey through a timeless tale of greed, gullibility, and deception.
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