🚨 America’s First Financial Scam Sparked Wall Street? 🤯📉
In 1792, before Wall Street even existed, a corrupt ex-Treasury official named William Duer pulled off one of the most destructive frauds in U.S. history. Using insider government info, he manipulated the bond market, lied to investors, and racked up mountains of debt.
The result? 💥
➡️ Banks failed
➡️ People rioted
➡️ The U.S. economy nearly collapsed
Duer died broke in debtor’s prison—but the chaos he caused?
It accidentally led to the founding of the New York Stock Exchange. 😳📊