Black Friday
Categories: Econ, Trading, Education, Metrics, Ethics/Morals, Regulations
Depending on whether you’re keen on bum-rushing your local department store for a flat screen with a belly full of leftover turkey, cranberry, and mashed taters with the rest of your local discount-crazed community...or you’re looking up this term because you got confused in your history class...Black Friday can mean two different things.
In modern terms, Black Friday is pretty much what was described above (please don’t get stomped on, and remember that discounts aren’t the key to a happy life). It's a chance for retail to say “out with the old and in with the new!” because our economy is run on buying crap we don’t need to impress people we don’t like with money we don’t have. That’s right. Listen to Will Smith, a super rich dude.
The OG Black Friday was a stock market crash on September 24th, 1869 that happened after too many people were being speculative, sending the price of gold into oblivion. Both Black Fridays are on Friday, and include people freaking out about low prices. Go figure.