Definition:
The term Black Friday first came into use in September 24, 1869 when a failed attempt to corner the gold market by a group of financiers caused the markets to suddenly drop and ultimately led to a depression. Black Friday is used to describe a number of historical Fridays in which an event led to public chaos or disaster.
Today, Black Friday is best known as the shopping day after Thanksgiving in the United Sates when retail stores generate their highest sales. Black refers to the accounting term as a business moves from loses in red ink to gains in black ink.
Also Known As: Busiest Shopping Day
Examples: Thanks to attention by the media, we are all aware brick and mortar stores generally see an immense increase in traffic on Black Friday in the United States.
