Baseball's most perilous moment was the Black Sox scandal of 1919.
Eight members of the Chicago White Sox (including Shoeless Joe Jackson - pictured below) conspired with gamblers to throw the World Series against the Cincinnati Reds. News of the scandal surfaced in 1920, the men were acquitted in what most everyone concedes was a tainted trial in 1921, and Kenesaw Mountain Landis (baseball first commmissioner) permanently banned the "eight men out" from baseball.
The standard work on the Black Sox scandal remain's Eight Men Out by Eliot Asinof.
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