Synopsis Two centuries ago, the term had a different connotation. Related Pro tips to shop your heart out during the festive season sale Retailers cashed in big time with this year's Black Friday sale across the world. Here's a look at what this shopping holiday is all about. 1. The origin Black Friday marks the unofficial beginning of the Christmas shopping season. Where Black Thursday, Monday and Tuesday were named for the dark economic outlook they brought with them, Black Friday has a positive spin. Accountants use "black" to reflect profit in companies, and "red" for loss. Thus, going from a loss to a profit is referred to as being "out of the red" and "in the black". With the money the day so consistently brought in, retailers began referring to it as Black Friday. 2. In the 1800s The first recorded term Black Friday was not always used as it is today. On September 24, 1869, two Wall Street financiers, Jay Gould and Jim Fisk, worked together to buy up as much as they could of the nation's gold and sold it for astonishing prices leading to the crash of the US gold market and bankruptcy of Wall Street… Read full this story
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