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The $71 Billion Family Who Owned The Gilded Age (And Then Lost It): The Goulds

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Old Money Luxury

At the height of their power, The Gould Family was a force so formidable that Jay Gould came breathtakingly close to cornering the entire gold market, a feat so fantastical that it threatened to bring president Ulysses S. Grant to his knees.



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TIMESTAMPS:
0:00 Introduction
1:42 Chapter 1: The Golden Touch of Gould
5:15 Chapter 2: From Rags To Riches
9:22 Chapter 3: The True Robber Baron
14:22 Chapter 4: The Missteps of George Jay Gould
17:08 Chapter 5: Marrying Into Power
20:09 Chapter 6: The Later Generations



Stepping into the time machine, we transport ourselves to America's Gilded Age, a period marked by rapid industrial growth and the rise of the nation's most iconic "old money" families.

Amid the wellknown Rockefellers, Carnegies, and Astors, one name might surprise many: Jay Gould.

This infamous financier and railroad magnate was often dubbed a "robber baron" for his bold financial maneuvers, including his nearsuccessful attempt to corner the U.S. gold market, challenging even President Ulysses S. Grant.

Today, we delve into the opulent and notorious world of Jay Gould and his descendants.

Through their saga, you will witness the fierce battles for business supremacy, the extravagant lifestyles enabled by unimaginable wealth, and the clever strategies of influence that propelled the nation's progress.

This vivid recounting highlights an era where ambition was limitless, and the pursuit of dominance was the ultimate game.

Jay Gould, a titan of American railroads and a financial wizard, left an indelible mark on the late nineteenth century, amassing a fortune that rivals fabled wealth, calculated at seventyone point two billion in today's dollars.

His financial acumen positioned him not merely as affluent but as a pivotal figure in America’s transportation revolution, expertly playing the market with the precision of a seasoned gambler.

Beyond the figures and stock certificates, Gould's penchant for opulence was most apparent in his residence choices, particularly the Lyndhurst Mansion.

This Gothic Revival marvel, situated by the Hudson in Tarrytown, New York, spanned sixtyseven acres and was far more than a mere dwelling. Purchased in 1880, Lyndhurst served as a canvas for Gould’s lavish tastes, featuring turrets and innovative designs that challenged conventional architectural norms.

Despite suffering from tuberculosis, Gould’s tenure at Lyndhurst was a period of sheer luxury, highlighted by the estate’s collection of Herter Brothers furniture, Tiffany windows, and select paintings from the Knoedler Gallery.

Following Gould’s passing in 1892, his daughters Helen and Anna took over, adding their personal touches and modernizing the estate, ensuring its legacy endured as a National Historic Landmark.

Gould's influence extended well beyond his opulent home.

His control over Western Union underscored his dominance in the information sector, enabling him to sway public opinion and mute detractors effectively.

His intricate dance with politics involved clandestine dealings and, as rumors suggest, financial incentives to presidential figures.

Moreover, Gould’s vision for America’s economic future shaped not only his business strategies but also paved a pathway for his descendants, integrating them into the global fabric of power and prestige.

The strategic marriages of his family, especially Anna Gould's unions with European nobility, reflected an elevation in societal status, weaving a continuous thread of influence through generations.

While his daughter Helen Vivian Gould’s marriage to British nobility further solidified the family's elite status, it was Kingdon Gould III’s ventures, like the iconic Mayflower Hotel in Washington, D.C., that perpetuated the Goulds' economic impact.

Despite their significant historical footprint, the Gould family lacks the household recognition of families like the Rockefellers or Mellons, leading to an intriguing question of how such a formidable legacy could fade into relative obscurity.

This narrative sets the stage for delving deeper into the ebbs and flows of the Gould dynasty in subsequent chapters.

posted by dcerykm