The famous shopping day got its start in Philadelphia, but the reason it's called "Black Friday" is not what you would expect. Sept. 24, 1869, in U.S. history, day of financial panic. Find out information about Black Friday. Sarah Pruitt. Looking for Black Friday? ... History of Black Friday. Black Friday, September 24, 1869, was caused by the efforts of two speculators, Jay Gould and his partner James Fisk, to corner the gold market on the New York Gold Exchange. Black Friday, Sept. 24, 1869, in U.S. history, day of financial panic. Looking for Black Friday? Jay Gould and Jim Fisk made their fortunes speculating on railroad stocks. The Gold Panic of 1869 was by far the strongest rally of all time even surpassing the rally of 1980. Find out information about Black Friday. Looking for Black Friday? Sept. 24, 1869, in U.S. history, day of financial panic. Today, the term Black has been used to describe numerous financial panics around the world despite the fact that only prices have fallen. The name Black Friday has lived on in history ever since. Sept. 24, 1869, in U.S. history, day of financial panic. About the history of the United States in 1869, Heinz company starts, the transcontinental railroad is completed, Black Friday on Wall Street. Explanation of Black Friday Black Friday: Black Friday, , in U.S. history, Sept. 24, 1869, when plummeting gold prices precipitated a securities market panic. Every year, the history of Black Friday repeats itself even the modern addition of memes linking its first origin to slavery. Black Friday (shopping) Black Friday; DC USA shopping center in Washington, D.C. on Black Friday. ... Black Friday History - Duration: 1:57. The retail bonanza known as Black Friday is now an integral part of many Thanksgiving ... Whats the Real History of Black Friday? 1:57. AL .com Alabama ... Why is Black Friday called Black Friday? The name Black Friday has lived on in history ever since. A brief lecture on the Black Friday Gold Conspiracy of 1869. Black Friday Scandal History for kids: President Grant and the Scandals of his Administration The Black Friday Scandal was the first of a series of scandals that rocked the Grant administration. President Ulysses S. Grant was considered one of the great military minds of the Civil War. What Is Black Friday History of the Holiday Shopping Phenomenon. Author. There was never the slightest doubt as to Here's hoping you avoided the food coma: you'll need your wits about you for Black Friday. Find out information about Black Friday. AOL Finance 9,147 views. Black Friday, September 24, 1869 was caused by the efforts of two speculators, Jay Gould and James Fisk, to corner the gold market on the New York Gold Exchange. Brief history of Black Friday and why it became so popular Get BF Ads Follow @blackfridayinfo Black Friday 2017 Black Friday Deals ... it also describes a financial crisis of 1869: a stock market catastrophe set off by gold spectators who tried and failed to The Gold Panic of 1869 History During the reconstruction era after the American Civil War, the United States government issued a large amount of public debt to finance construction.