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sep 24, 1869 - First Known Use Of term "Black Friday"

Description:

The first recorded use of the term “Black Friday” was applied not to holiday shopping but to 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.

Added to timeline:

9 months ago
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Black Friday - Orgins
By: Frederick Rukh-Kamaa

Date:

sep 24, 1869
Now
~ 149 years ago
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