Black Friday

Black Friday didn’t originate as a retail term.

The term Black Friday first began with a financial crisis initiated by Wall Street tycoons, Jay Gould and Jim Fisk. These scoundrels worked in unison buying up as much of the nation’s gold as they could. By doing this they were hoping to sell and acquire enormous profit.

On Friday, September 24, 1869, the gold market crashed the stock market causing free-fall and bankruptcy for everyone from farmers to financial moguls.

So, how did this term get coined into the retail environment?

Nowadays stores which are in the red go into the black on this day after Thanksgiving due to shopper mania. Thus the use of the term.

Happy shopping to all!

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