The History of “Black Friday”
Written By: Rick Rockwell, Dow Rockwell, LLC, San Rafael and Mill Valley, California The first “Black Friday” was September 24, 1869 and had nothing to do with holiday shopping or Thanksgiving. During the Reconstruction Era immediately after the American Civil War, the United States Government established a plan for the re-integration of the rebellious southern states into the Union. Part of the plan included the issue of massive public debt to finance rebuilding efforts. In 1862, as part of the government’s inflationary policies, paper money...
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