Black Friday is the annual shopping frenzy happening worldwide. So, avoid the bunfight and simply book a new website with Creative Imagineering and we will include your 1st blog as part of the package.
See terms and conditions at the end of this article*
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What’s the real history behind Black Friday?
The first recorded use of the term “Black Friday” was applied not to holiday shopping but to the financial crisis: specifically, the crash of the U.S. gold market on September 24, 1869. Two notoriously ruthless 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.
1st Macy’s Thanksgiving Parade – 1924 Image credit: Getty Images
The most commonly repeated story behind the post-Thanksgiving shopping-related Black Friday tradition links it to retailers. As the story goes, after an entire year of operating at a loss (“in the red”) stores would supposedly earn a profit (“went into the black”) on the day after Thanksgiving, because holiday shoppers blew so much money on discounted merchandise. Though it’s true that retail companies used to record losses in red and profits in black when doing their accounting, this version of Black Friday’s origin is the officially sanctioned—but inaccurate—story behind the tradition.
Image credit: Getty Images
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Source article: www.history.com
*Terms and Conditions: You need to book your new website by Friday, 7th December 2018. In order to book your website, we require a 50% deposit. Work will only commence on your website from 7th January 2019. Our content specialists will craft an original article for your website valued at R4500.