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Black Friday Origins

By
Real Estate Agent with Berkshire Hathaway Home Services Florida Network Realty BK 3030920

For the trivia lovers in the AR Community: 

Black Friday refers to September 24, 1869. On Black Friday, a group of speculators led by James Fist and Jay Gould attempted to corner the gold market. They failed, and the resulting collapse in gold, and then stocks, became known as Black Friday.

From this original Black Friday came the practice of labeling market collapses as "Black". TODAY - Black Friday also refers to the Friday after the US Thanksgiving Day holiday. As one of the busiest shopping days of the year, Black Friday is said to turn the retail industry's bottom line from red to black. 

Enjoy, whether you choose to competitive shop in person, online, or not at all!

Posted by

Carol Zingone is a full service Broker Associate proudly affiliated with Berkshire Hathaway HomeServices Florida Network Realty in Atlantic Beach, FL.  I help buyers and sellers locally, regionally, and internationally.  With hundreds of happy buyers and sellers over the course of my career, I'm thrilled to help first time buyers, military buyers, seniors, investors, 1031 exchange properties, short sales and REO's.  I have spent hours honing my expertise, including the designations of: Graduate Realtor Institute (GRI), Loss Mitigation Certification (LMC) , Short Sales, Foreclosures, REO's, (SFR), and Senior Real Estate Specialist (SRES).  I pride myself on providing excellent expertise to all buyers and sellers. Search the MLS via www.carolzingone.com  for Jacksonville and area listings!

 

Sarah Moore
Southern Homes of the Carolinas - Charlotte, NC
We Open More Doors!

Interesting to know where Black Friday comes from. Happy Holidays.

Nov 26, 2010 12:51 AM
Don MacLean
New England Real Estate Center Inc. - Easton, MA
Realtor-Homes for Sale- Easton, Mass 02356

Who would it knew it stemmed from 1869 lol

Enjoy the day

Nov 26, 2010 12:52 AM
J Perrin Cornell
Coldwell Banker Cascade Real Estate - Wenatchee, WA
Broker, ABR, VAMRES

I have always opted for Gould. The other reason ...well it seems impossible to believe people could run a business that way.

Nov 26, 2010 01:00 AM