Black Friday (shopping) corner the gold market. When President Grant learned of this manipulation, he ordered the Treasury to release a large supply of gold, which halted the run and caused prices to drop by eighteen percent. Fortunes were made and lost in a single day, and the president's own brother-in-law, Abel Corbin, was ruined. The earliest known use of "Black Friday" to refer to the day after Thanksgiving occurs in the journal, "Factory Management and Maintenance", for November 1951, and again in 1952. Here it referred to the practice of workers calling in sick on the day after Thanksgiving, in order to
Black Friday (1921) part. Williams was expelled from the Communist Party following this. In 1925, when the government agreed to grant a temporary subsidy to the mining industry so as to avoid wage reductions, the day on which the decision was announced became known as "Red Friday", in imitation of Black Friday. Black Friday (1921) Black Friday, in British labour history, refers to 15 April 1921, when the leaders of transport and rail unions announced a decision not to call for strike action in support of the miners. The epithet 'black' derives from a widespread feeling amongst labour radicals that the decision amounted