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    How did "Black Friday" get its name?

    Question #41764. Asked by Hamlet.. (Nov 29 03 10:43 PM)


    robboy

    		My understanding is that it's the first big day of the "High(sales)Season",when retailers move from being in the red to being in the black. First Friday after Turkey Day.

    Nov 29 03, 11:19 PM
    griffinj

    		The original Black Friday was Sept. 24, 1869 when speculators Jay Gould, James Fisk and others sought to corner the gold market. They failed and the drive culminated on a Friday, when thousands were ruined.
    The most famous Black Friday was October 28, 1929. That was the date of the stock market collapse that signaled the collapse of the world economy and the Great Depression of the 1930s.
    The day after Thanksgiving, popularly called Black Friday, is dreaded by retail workers as it is by far the busiest shopping day of the year in the US.


    Nov 29 03, 11:20 PM

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    Other Similar Questions & Answers


    In the States the day after Thanksgiving is known as Black Friday when mobs pack the cheesy malls and start purchasing their Christmas gifts. Black Friday is the biggest single retail profit day of the year. Is there anything similar in the UK?

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