Black Friday (not to be mixed up by Cyber Monday. We will be talking about that later) is closing in on us, and retailers from across the world, especially in the United States, are preparing for what they hope is their busiest retail day of the year.
Typically held the Friday after Thanksgiving in the United States, this mega retailing day where customers seem to stampede into every opening crevis of any retail shop without even a thought for anyone else. Still, themselves, it also signifies that Santa Clause is getting ready for that all-important day of Christmas. Yes, Black Friday also means the beginning of the Christmas holiday shopping binge.
So what are we expecting to happen this Black Friday coming?
Suppose analysts are to be believed. If you happen to be working behind one of those counters this year, watch out, as you may become overwhelmed. Americans are this year expected to be digging deep into their wallets as if there was no tomorrow. They are expected to spend a minimum of $90.14 billion on both the Black Friday sales and Cyber Monday, so if you have shares in any plastic companies, buy some more, as these same analysts are expecting most of this $90.14 billion fortune will be placed on one of our favorite credit cards.
Why do we call this event Black Friday?
Apparently, back in 1961, the term “Black Friday” was used for the first time in Philadelphia. It was used to describe both the heavy pedestrian and vehicle traffic the day after “Thanksgiving.” However, flash forward 20 years, and you will find that it is called Black Friday because at last, retailers would begin to turn a profit, i.e., they would move from the red into the black. However, Let's have a look at some of the other reasons why it is called “Black Friday,” and while we are at it, look at some of the strange and bizarre events, all of which happened on this auspicious day.
Black Friday (1869)
September 1869 and gold is on everyone's mind, all are in a panic some even take their own lives, this is the reason two young investors named Jay Gould, and James Fisk attempted to corner the gold market in an event which was to become known as the “Gold Ring.” During the Presidency of Ulysses S. Grant, who was attempting to pay off the national debt caused mainly by the American Civil War by selling gold at weekly intervals. The period following this scandal became known as the Gilded Age and, as a result, became a period of immense economic growth and new investment, especially in Europe, something which is still felt today, even though gold is now not legal tender.
Black Monday, October 1997
A sudden stock market crash apparently unseen by analysts started as soon as stock markets opened in Hong Kong before spreading west to Europe then on to the opening bell at the New York Stock Exchange. The Dow Jones Industrial Average immediately fell by 508 points to a low of 1,738.74 points, an incredible drop of 22.61%.
Black Monday 1360
During the Hundred Years' War (1337–60), Just as it would seem that Edward III, the then King of England, seemed to be making gigantic steps against his enemies, a freak hailstorm descended from the heavens killing an estimated 1,000 English soldiers, more than had ever been killed in any other previous battles.
Black Monday 1990
The 1990 Temple Mount Riots (Al Aqsa Massacre) Just before the Zuhr prayer, the Temple Mount Faithful attempted to lay a cornerstone adjacent to the temple when authorities stopped them. This later resulted in riots between Arab and Jewish settlers. During the riots, twenty Palestinians were killed and over 150 people injured, including Palestinian civilians and worshippers. This massacre was later denounced by UN Security Council resolutions 672 and 673.
Black Monday 1929
The Wall Street Crash of 1929, although not starting on Monday (it is said that it began the previous Thursday), stockmarkets did continue to slide through and including Monday. Because Monday was a holiday in America, the crash's full extent was not felt until markets opened on a Tuesday. What was to follow would turn into the most devasting stock market crash in American history and would start what has now become known as the Great Depression. A depression which America would not fully recover from until after the end of the “Second World War in 1945”.
Ok, that’s our look at past historic “Black Fridays,” so let us get back to the present day. As mentioned above, Black Monday is one of, if not the most important shopping days of the year for American retailers or, for that matter, retailers throughout the world, and pity the owner or manager of any retail unit who has not ensured that his or her shop is ready for the great day. Especially when analysts are projecting that the average adult will be spending at least $483.00 on this day of all days and as any good retailer will tell you, if you do not make money on “Black Monday,” then you will not survive.
Well, folks, I am rapidly coming to the end of another short narrative commissioned by my wonderful friends at BargainBrute.Com recently voted the best place to shop online. Head over to them. You will not be disappointed as this mega online shopping mall has under its wings over 3 million discounted products, all within one of their 49 separate stores just waiting for you to take a look. Furthermore, with their network of 97 warehouses scattered throughout America, you can be sure that your best deals will be shipped directly to your door, usually the day after the order.
So with that, my friends, all that’s left for me to do is to wish you all a wonderful day shopping this coming Black Monday, and don’t forget before you go pop over to BargainBrute.Com, America's favorite place to shop online in 2019, home of the top shopping deals in America. Furthermore, don’t forget to check back tomorrow when we will be talking about that other big day, “Cyber Monday.”