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Century - 1800s
Black Friday

Why did Black Friday start in the 1800s?


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November 27, 2010 12:59AM

It didn't. The Black Friday of the 1800s was unrelated to the famous post-Thanksgiving shopping day.

In 1869, The term Black Friday referred to the Wall Street collapse caused by two wealthy industrialists, Jim Fiske and Jay Gould, who attempted to corner the market on gold and ended up destroying or badly crippling nearly more than 200 Wall Street brokers.

In the late 20th and early 21st centuries, Black Friday refers to the mega shopping day following Thanksgiving Day when retailers allegedly begin operating "in the black" (making a profit) for the year.