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LaurenF1907

  10 months ago

Black Friday - What is the true story behind this day of shopping?
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The first recorded use of the term “Black Friday” was applied to financial crisis: specifically, the crash of the U.S. gold market 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, hoping to drive the price sky-high and sell it for astonishing profits. On that Friday in September, the conspiracy finally unraveled, sending the stock market into free-fall and bankrupting everyone from Wall Street barons to farmers.

In recent years, another myth has surfaced that gives a particularly ugly twist to the tradition, claiming that back in the 1800s Southern plantation owners could buy slaves at a discount on the day after Thanksgiving. Though this version of Black Friday’s roots has understandably led some to call for a boycott of the retail holiday, there isn't much evidence to support this...

The true story behind Black Friday, however, is not as sunny as retailers might have you believe. Back in the 1950s, police in the city of Philadelphia used the term to describe the chaos that ensued on the day after Thanksgiving, when hordes of shoppers and tourists flooded into the city in advance of the big Army-Navy football game held on that Saturday every year. Not only would Philly cops not be able to take the day off, but they would have to work extra-long shifts dealing with the additional crowds and traffic. Shoplifters would also take advantage of the chaos in stores to make off with merchandise, adding to the law enforcement headache.
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BubamaraMaya

  10 months ago
Good to know.
0 comments

timtats

  10 months ago
What ever about true story, any true deals for Black Friday?
0 comments

GinaG1190

  10 months ago
Very Informative
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