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HOW did BLACK FRIDAY come out?
The term Black Friday had a different meaning than it is now. According to History.com, the first recorded use of the term in the late 1800s was applied to financial crises.
According to the story, investors Jay Gould and Jim Fisk worked together to buy as much gold as possible so that they could raise the price and sell it for incredible profits. On September 24, 1869, the plot was thawed and led to the free fall in the price of gold and the stock market.
Wall Street businesses went bankrupt, foreign trade stalled, and wheat and corn crop prices plummeted. In the 1980s, retailers found that the term had a much more positive spin in history. After operating at a loss for a year, stores can finally make a profit the day after Thanksgiving. It’s unclear how real the script is, but it’s the most popular belief.
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