Black Friday

Black Friday
A precipitous drop in a financial market . The original Black Friday occurred on September 24, 1869, when prospectors attempted to corner the gold market. Bloomberg Financial Dictionary

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Black Friday ˌBlack ˈFriday noun [uncountable]
1. FINANCE Friday September 24, 1869, when a group of investors tried to take control of the US gold market and were considered to have caused a recession
2. any Friday when something bad happens:

• The latest cuts at the organization were made on what staffers referred to as Black Friday.

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Black Friday UK US noun [U]
► COMMERCE, MARKETING the Friday after Thanksgiving when stores in the US reduce the price of goods in order to attract customers who want to start their Christmas shopping: »

The store was full of Black Friday shoppers chasing deals.

► Friday 24 September, 1869, when a group of people tried to control the gold market in the US and caused serious economic problems

Financial and business terms. 2012.

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