English ArticlesBlack Friday around the world

19 listopada 2021przez viralcode0

Black Friday around the world The term „Black Friday” was actually first associated with a financial crisis, not sales shopping. Two Wall Street financiers Jim Fisk and Jay Gould, together bought a significant amount of US gold in the hope of the overall price soaring and in turn being able to sell it for huge profits. On Friday 24 September, 1869, in what...

Black Friday around the world

The term „Black Friday” was actually first associated with a financial crisis, not sales shopping. Two Wall Street financiers Jim Fisk and Jay Gould, together bought a significant amount of US gold in the hope of the overall price soaring and in turn being able to sell it for huge profits.

On Friday 24 September, 1869, in what became referred to as „Black Friday”, the US gold market crashed and Fisk and Gould’s actions left Wall Street barons bankrupt.

Along with the UK and USA, the Black Friday sales concept has emerged in other countries across the globe including Brazil, India, France, Norway, Romania and Germany.

In Mexico, they call their version of Black Friday „El Buen Fin”, meaning „the good end” while in the United Arab Emirates, shops cut their prices on what they call „White Friday”. In China, they celebrate their own shopping holiday Single’s day, on November 11.

So why choose a phrase previously associated with stock market crashes to describe a busy shopping day? It’s thought to be because, when shops in the US recorded their accounting details by hand, they noted profits in black and losses in red.

Many shops were „in the red” throughout most of the year but they later „went into the black” the day after Thanksgiving, when shoppers bought a significant amount of discounted merchandise.

Today, Black Friday is the USA’s biggest shopping event of the year, when many shops cut their prices on a range of products, in order to boost profits and officially kick off the festive season.

Zostaw komentarz

Your email address will not be published. Required fields are marked *

Promocja na Black Friday