Have you ever wondered where the term “Black Friday” comes from? Well, look no further. I originally wrote this piece for my KTSW segment, but I wanted to share it here as well.
Here is the story:
The first use of the term “Black Friday” had nothing to do with Thanksgiving but actually had to do with a market crash due to a collapsing price of gold. Jay Gould, Abel Corbin and James Fisk tried cornering the gold market in order to drive up the prices on the New York Stock Exchange.
So there you have it. Black Friday. One of America’s newest pastimes. If you are listening to this after Thanksgiving, well, I hope you had a Happy Thanksgiving and I hope you avoided any Black Friday brawls.
History video of Black Friday: