What is Black Friday? Where does Black Friday come from?
In the investing world, Black Friday refers to the gold crisis of September 24, 1869, when a group of investors tried to control the US gold market and caused serious economic problems. It sometimes also refers to the New York Stock Exchange crash of September 19, 1873.
Over time, the term has come to describe any Friday on which a terrible event occurs.
In the retail world, Black Friday is the day after the Thanksgiving holiday in the US (the fourth Thursday of November) when stores open early and prices are reduced and many people start their Christmas shopping.
NOTE: The origin of Black Friday in this sense is not known for certain. The day was allegedly so named either in reference to traffic congestion in central cities on the day after Thanksgiving or to the supposed fact that retailers’ accounts shifted from red to black with the beginning of the shopping season.
The store was full of Black Friday shoppers chasing deals.
Black Friday Deals Week 2019 is here.
In case you want to read the same information given above in Portuguese, click here. There you’ll find a video which explains everything really well too. 😉