00:00 Black Friday is a divisive topic, with some people being really into it and others wanting nothing to do with it.

04:21 Black Friday is the busiest shopping day of the year in the United States, with its origins dating back to the late 19th century and early 20th century when people started their Christmas shopping the day after Thanksgiving, and the term "Black Friday" was coined by factory owners in the 1950s or 1960s, but it was later associated with the chaos and crowds in Philadelphia caused by out-of-towners coming to watch the Army Navy game and do their Christmas shopping.

08:24 Black Friday was originally called that because it caused headaches for bus drivers and cab drivers in Philadelphia, but later the retail industry wanted to create a better origin story to encourage people to go shopping, even though it is not the day that companies go into the black; however, the holiday shopping season is still a crucial time for stores to make a significant portion of their profits.

13:04 Black Friday became a success and retailers extended the shopping frenzy by creating Cyber Monday and Small Business Saturday, and in recent years, stores have started opening on Thanksgiving evening to extend the shopping period even further.

18:01 Black Friday is actually shortening the shopping season for retailers, and without it, they could potentially make more money by elongating the shopping season and not offering deep discounts.

22:30 Black Friday doorbusters are a bait and switch scheme, where retailers offer a limited number of deeply discounted items to lure customers into the store and hope they buy other items at regular or slightly discounted prices.

27:14 During a Black Friday sale at Walmart, a crowd of 2,000 people turned angry and broke through barricades, resulting in people being crushed and a pregnant woman being in danger of being trampled to death.

31:22 Tramplings and violent incidents are common during Black Friday sales, such as people climbing over each other and knocking each other down, and even shootings and pepper spray incidents have occurred.

35:39 Black Friday sales have caused controversy and criticism due to the pressure on employees to work on Thanksgiving and the potential for violence and trampling during the sales, but there are also alternative movements like Buy Nothing Day that encourage people to not participate in consumerism on that day.

39:56 In China, they have a shopping holiday called Singles Day on November 11th where single people are encouraged to treat themselves to online purchases, and it has become the biggest online shopping day in the world, with $5.7 billion spent this year.