The economic significance of Black Friday - Deepstash

The economic significance of Black Friday

  • The sales registered on Black Friday are frequently seen as a litmus test for the overall economic situation of the country and a way for economists to assess the confidence of the average American.
  • Those who follow the Keynesian hypothesis​ that spending drives economic activity view lower Black Friday sales figures as a harbinger of slower growth.
  • Some investors and analysts look at Black Friday numbers as a way to gaugemeasure the overall health of the entire retail industry.
  • Others suggest that it only causes very short-term gains or losses.

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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 real origin of Black Friday

  • Before retail repackaged Black Friday, it had a more sinister meaning. The earliest use of the phrase Black Friday dates to 1869. It was the day gold prices plummeted and caused a market crash. The economic effects lasted for years.
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The origins of Black Friday

The term was made-up by the overworked Philadelphia police officers.

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