Prompt Cast
The Evolution and Decline of Black Friday
TLDR Black Friday, originally associated with a financial crisis in 1869, has transformed into a nationally recognized day of sales and deals. However, the pandemic and the rise of online commerce have led to its decline in popularity in the United States.
Timestamped Summary
00:00
Black Friday is the term used to describe the Friday after Thanksgiving in the United States, which marks the beginning of the Christmas shopping season.
01:15
Black Friday originally referred to a financial crisis in 1869 when three financiers tried to corner the market in gold.
02:27
Black Friday originally referred to a financial crisis in 1869 when three financiers tried to corner the market in gold, but it later became associated with the day after Thanksgiving due to the Army-Navy football game in Philadelphia.
03:30
Black Friday evolved from a negative term to a nationally recognized day of sales and deals, with stores opening earlier and extending sales throughout the weekend and week, but some promotions began to give it a bad reputation.
04:39
Black Friday has spread to countries around the world, even those that don't celebrate American Thanksgiving, but it is starting to become less popular in the United States.
05:45
The pandemic led to the decline of Black Friday in 2020, with some retail stores even choosing to close their doors, and online commerce has diminished the importance of physical stores for deals.
06:53
Megamars is promoting their Black Friday sale with limited-time deals and doorbuster specials, including discounted iPads, 3D televisions, and a secret Harry Potter novel.
