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Posted in , on 15 July 2020, by , 0 Comments

Black Friday has two relevant meanings. In history, Black Friday was a stock market catastrophe that took place on September 24, 1869. On that day, after a period of rampant speculation, the price of gold plummeted, and the markets crashed. But the more contemporary meaning refers to the day after the U.S. Thanksgiving holiday, which has also traditionally been a holiday itself for many employees. It is typically a day full of special shopping deals and heavy discounts and is considered as the kickoff of the holiday shopping season. Historically, Black Friday was also a day in 1869 in which the price of gold tanked and stock markets tumbled in response. Stores offer big discounts on electronics, toys, and other gifts, or at least the first opportunity for consumers to buy whatever the hottest products are. Also important to retailers: Cyber Monday, the first day back to work for many consumers after the long holiday weekend.

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