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The term 'Black Friday' was associated with which event when it was first used in 1869?

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Black Friday dates back to the 1950s US but the phrase is even older. Apparently, it was first used in 1869, when the US gold market crashed. It then became a retail sales term, with being “in the red” meaning poor sales and being 'in the black' meaning good sales.
 


The term 'Black Friday' was associated with which event when it was first used in 1869?





 
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