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Black Friday

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Black Friday

24 September 1869, a day on which Jay Gould (1836–1892) and James Fisk (1834–1872), stock manipulators, attempted to corner the gold market by trying to prevent the government from selling gold. President Grant refused to agree, but they spread the rumour that the president was opposed to the sales.

George S Boutweel (1818–1905), with Grant's approval, ordered the sale of $4 million in gold. The gold price plunged and many speculators were ruined. Gould and Fisk made about $11 million out of their manipulation of the market.



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Look for Black Friday specials on retailers' Web sites.
SHOPPING ADVICE: BEWARE by Daily News (Los Angeles, CA)
With Black Friday behind us and the holidays only a few short weeks away, retail in the big apple is once again proving to be a blaze that radiates the glow of New York City.
Retailers hoping Black Friday brings a silver lining by Pittel, Andrew A. / Real Estate Weekly
In fact, Richard Giss said the day after Thanksgiving, known as Black Friday for its ability to thrust a retailer's bottom line into positive territory for the year, often presents a false start to the real spending season.
Searching for meaning in Bellwether shopping weekend by Myerhoff, Matt / Los Angeles Business Journal
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