¿What is Black Friday?

¿What is Black Friday?

Black Friday is a special day that began exclusively in the United States, and later expanded to the rest of the world. It’s a way for stores to offer discounts to their customers before the holidays. Although it’s been celebrated for a little over a decade, this business custom originated more than 200 years ago.

It is said that the first time the term Black Friday was used was in 1869, when two Wall Street investors, Jay Gou and Jim Fisk, bought as much gold as they could to speculate with this material and multiply its price. The conspiracy came to light and the stock market collapsed rapidly, causing bankruptcy for most investors. Most curious of all, the name Black Friday was used to describe that financial crisis and not for a period of rampant buying, even though this was the origin of the term.

 

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