Black Friday has two relevant meanings
- In history, Black Friday was a stock market disaster that happened on September 24, 1869, when, after a period of uncontrolled speculation, the price of gold crashed, and the markets crashed.
- The contemporary meaning refers to the day after the U.S. Thanksgiving holiday, which has been a holiday itself for many employees. It is known as a day full of shopping deals and heavy discounts and is considered the beginning of the holiday shopping season.
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"Many people are in the dark when it comes to money, and I'm going to turn on the lights. " ~ Suze Orman
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The wholesome story of Black Friday
The wholesome story of Black Friday is that happy shoppers would flood local shops and malls the day after Thanksgiving, and the extra spending would put retailers "in the black" for the year.
The Friday after Thanksgiving was named "Black Friday" and it became the unofficial start of the ...
The Term “Black Friday”
- In 1869, two oligarchs conspired to corner the American gold market, which was at that time the basis for the U.S. dollar.
- Their plan was so complex and the plot finally unraveled on Friday, September 24, sending U.S. financial markets into a tailspin, ruin...
Why Black Friday Is So Popular
Black Friday is the conventional starting day for the holiday shopping season.
Historically, it’s also been the best day to find great deals on the year’s hottest toys, games, and electronics.
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