What is Black Friday?
Black Friday falls on the day following the U.S. เว็บตรงสล็อต Thanksgiving holiday. It falls this year on Friday, November 26, 2021. Many establishments across the United States have made it a holiday since its inception. Black Friday is a very popular day, with many shops offering significant discounts and special shopping deals. The original Black Friday was in the United States. It has become a worldwide shopping phenomenon. Many shopping centers offer massive discounts on toys and electronics that will draw customers to their stores.
Black Friday is the beginning of the busy holiday season. บาคาร่าออนไลน์ It falls on Friday after Thanksgiving in the United States.
Black Friday: The History
Black Friday, a significant American stock exchange crash, occurred on this date in history. It took place on September 24, 1869. It began in September and ended in October when the New York Stock Exchange collapsed. This was the worst stock market crash in American history.
Because of the post-war optimism and false belief in America’s growing industrial sectors, many Americans moved to cities in search for better-paying jobs. Many Americans believed that the stock markets would rise indefinitely. They didn’t know about the stock market crash.
The Federal Reserve issued a warning to Americans about excessive speculation on March 25, 1929. A small stock market crash followed. Investors began selling their stock stocks quickly immediately after the crash. This selling frenzy exposed the stock market’s fragile foundation and marked the beginning of the 1929 decline in the U.S. stock market.
Mid-October saw selling increase as investors panicked to trade stocks. On “Black Thursday”, the market lost 11% of it’s value. Stock trading was so intense that it caused volume overloads for hours. The stock market was so confusing that investors couldn’t see the prices of stocks. A number of Wall Street bankers met together to find a solution for the chaos and panic that was occurring on trading floors.
Black Monday was the most common name used to refer to the unexpected and severe global stock market crash. Black Monday was October 28, 1929, when panicked investors pulled all their stocks from the stock market. The Dow Jones plunged to an all-time low of 38.33 points or 12.82%.
Black Tuesday was October 29, 1929. Investors panicked and traded their shares at the New York Stock Exchange in one day. Wall Street investors traded more than 16 million shares. The stock market panic caused investors to lose billions of dollars and wipe them out in one day.
The Dow Jones gained 28.40 points on the next day. The stock market fell further over the following month. After a brief recovery, the stock market plunged further into a downward spiral that led to the lowest point of the 20th Century.
Black Friday Around the World Today
In today’s competitive business market, it is common for retailers to offer Black Friday special promotions. To increase sales, some businesses open their doors to customers during the pre-dawn hours of Black Friday. This is to keep up with the stiff competition. While some stores offer Black Friday sales through Thanksgiving, others extend their deals to the first week in November. Many shopping centers offer massive discounts on toys and electronics that will draw customers to their stores.
Many avid bargain shoppers will camp out over Thanksgiving in order to get a spot at their favorite shops. Fanatic shoppers will sometimes skip Thanksgiving dinner altogether to shop in the parking lot for amazing bargains.
Black Friday sales can take retailers up to a year to plan. It is a day that retailers use to plan massive door-crashing sales and bring in a large number of customers. Black Friday allows businesses to offer extraordinary prices on their overstocked inventory. Businesses can also offer discounts on seasonal products, such as holiday decorations or gifts, that might not sell well elsewhere.
What is the Story Behind Black Friday’s Name?
Black Friday was named by some people after an old practice in bookkeeping that recorded sales profits in black ink, and losses in red. Black Friday’s goal is to have enough sales during the week for a business so that it can remain in the black the next year.
But, before Black Friday was advertised, Philadelphia police officers used the term “black” to describe the large shopping crowds that day. Many shoppers filled stores on the day following Thanksgiving as early as the 1950s. Shopping centers in Philadelphia were not the only ones affected. Many other places around the globe were prepared months ahead of time for this holiday. Traffic police had to work extra shifts because of the large number of shoppers. Overworked police officers called this holiday “Black Friday”
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