what does a Black Friday mean?

Answer 1

On typewriters their use to be red and black ink on the ribbons. The bottom potion of it was red. Accountants would show negative numbers in red. Now they use brackets. So if your financial Statements showed you with negative profits you were "In the Red". If you are profitable you are "In the Black"

Black Friday is the traditional US start of US Christmas Shopping. Christmas is a hug windfall for most retailers, and for many it represents when they finally make profits for the given year.

Answer 2

If the stores are in the black that means the stores are making money. The Friday after Thanksgiving is the biggest shopping day of the Christmas season. The stores expect to make lots of money. So therefore, Black Friday.

Answer 3

Black Friday, September 24, 1869, also known as the Fisk-Gould Scandal, was a financial panic in the United States caused by two speculators' efforts to corner the gold market. It was one of several scandals that rocked the presidency of Ulysses S. Grant.

During the American Civil War, the United States government issued a large amount of money that was backed by nothing but credit. After the war ended, people commonly believed that the U.S. Government would buy back the "greenbacks" with gold.

In 1869, a group of speculators, headed by Jay Gould and James Fisk, sought to profit off this by cornering the gold market. Gould and Fisk first recruited Grant's brother-in-law, a financier named Abel Corbin. They used Corbin to get close to Grant in social situations, where they would argue against government sale of gold, and Corbin would support their arguments.

Corbin convinced Grant to appoint General Daniel Butterfield as assistant treasurer of the United States. Butterfield agreed to tip the men off when the government intended to sell gold.

In the late summer of 1869, Gould began buying large amounts of gold. This caused prices to rise and stocks to plummet. After Grant realized what had happened, the federal government sold $4 million in gold.

On September 20, 1869, Gould and Fisk started hoarding gold, driving the price higher. On 24 September the premium on a gold Double Eagle (representing one ounce of gold bullion at $20) was 30 percent higher than when Grant took office. But when the government gold hit the market, the premium plummeted within minutes. Investors scrambled to sell their holdings, and many of them, including Corbin, were ruined.

Fisk and Gould escaped significant financial harm. Subsequent Congressional investigation into the scandal was limited because Virginia Corbin and First Lady Julia Grant were not permitted to testify. However, Butterfield resigned from the U.S. Treasury.

Henry Adams, who believed that President Grant had tolerated, encouraged, and perhaps even participated in corruption and swindles, attacked Grant in an 1870 article entitled,The New York Gold Conspiracy.

Answer 4

It is usually referring to the Friday after thanksgiving day.
In this particular day, stores so much sell to the point that if they were losing money throughout the year, they go back to profit in that Friday.

Answer 5

The huge shopping day after Thanksgiving. (on a Friday)

Answer 6

It's payday in da ghetto! BOOYA, NICKA! I's rich, beeotch! Black people hootin' and hollerin' all over the place Friday Night.

Answer 7

does it mean you are doing well such as running in the black insted of red

Answer 8

it means hell for anyone who works retail (day after thanksgiving)

Answer 9

stock market down spiral

Answer 10

it meens that your having a bad day and every ones sad