What’s Black Friday?
Black Friday falls the day after the U.S. Thanksgiving holiday. This year, it falls on Friday, November 26, 2021. Since its inception, many establishments เราคือแหล่งของการให้บริการ จากการ ทดลองเล่นสล็อต pg thai ที่ดีไม่น้อย ที่ได้รับสิขสิทธ์ตรงจากค่ายเกมต่างชาติ ไม่ผ่านเอเย่นต์คนกลาง สะสมทุกค่ายเกมชั้นแนวหน้าสุดยอด รวมเกมยอดนิยมจากทั่วทุกมุมโลก throughout the United States have declared it a holiday. Black Friday is very popular, with many shops offering substantial discounts and special shopping offers. Black Friday originated in the United States. It is now a global shopping phenomenon. Many shopping centers offer huge discounts on electronics and toys that will attract customers to their stores.
Black Friday marks the start of the busy holiday season. It falls on Friday following Thanksgiving, in the United States.
Black Friday: The History
This date is the anniversary of Black Friday, an important American stock exchange crash. It occurred on September 24, 1869. It started in September and ended when the New York Stock Exchange collapsed. This was the worst stock exchange crash in American history.
Many Americans moved to cities after the war because of post-war optimism and false beliefs in America’s growing industrial sector. Many Americans believed the stock market would continue to rise. They were unaware of the stock market crash.
On March 25, 1929, the Federal Reserve warned Americans against excessive speculation. The stock market crashed briefly thereafter. Investors sold their stock immediately after the crash. This selling frenzy exposed weaknesses in the stock market and marked the beginning of the 1929 stock market decline.
As panicked investors tried to trade stocks, mid-October saw a spike in selling. The market lost 11% on “Black Thursday”. Stock trading was so intense, it caused volume overloads that lasted for hours. Stock market trading was so chaotic that investors couldn’t see stock prices. A group of Wall Street bankers met to solve the chaos and panic on trading floors.
Black Monday was the most popular name for the severe and unexpected global stock market crash. Black Monday was October 28, 1929 when panicked investors pulled their stocks from stock markets. The Dow Jones fell to an all-time low 38.33 points, or 12.82%.
Black Tuesday was October 29, 1929. Investors panicked, and traded their shares on the New York Stock Exchange within one day. Wall Street investors traded over 16 million shares. Stock market panic caused investors to lose billions of dollars, and they were wiped out in one day.
On the following day, the Dow Jones gained 28.40 point. Over the next month, the stock market plunged further. After a brief recovery the stock market plunged further into the downward spiral that brought about the lowest point in the 20th Century.
Black Friday Around The World Today
It is not uncommon for retailers to offer Black Friday promotions in today’s highly competitive business market. Some businesses offer Black Friday special promotions to increase sales. This is done to stay ahead of the fierce competition. Some stores have Black Friday sales that run through Thanksgiving. Others extend their deals until the first week of November. Many shopping centers offer huge discounts on toys, electronics, and other products that will attract customers to their stores.
In order to secure a spot in their favorite shops, many avid bargain shoppers will travel long distances over Thanksgiving. For amazing bargains, some fanatic shoppers may skip Thanksgiving dinner entirely to shop in the lot.
Black Friday sales can take up to a year for retailers to plan. This is the day retailers plan to have huge door-crashing sales and attract a lot of customers. Businesses can offer incredible prices on overstocked stock by using Black Friday. Businesses may also be able to offer discounts on seasonal products such as holiday decorations and gifts that might not sell elsewhere.
What’s The Story Behind Black Friday?
Some people named Black Friday after an old bookkeeping practice that kept sales profits in black ink and lost sales in red. Black Friday is a week where businesses must make enough sales to be able to stay in the black for the following year.
However, Philadelphia police officers used “black” to describe large crowds of shoppers on Black Friday before it was officially advertised. On the day after Thanksgiving, many shoppers flooded stores as early as 1950s. Philadelphia’s shopping centers were not the only ones that were affected. Other places all over the world were prepared for the holiday months in advance . Due to the high number of shoppers, traffic police had to work additional shifts. This holiday was called “Black Friday” by overworked police officers