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"Black Friday" used to refer to ____ ____ ____ in the 1800s in the U.S.
What is stock market crashes.
In the US, the first time the term was used was on 24 September 1869, when two speculators tried to corner the gold market on the New York Stock Exchange.
When the government stepped in to correct the distortion by flooding the market with gold, prices plummeted and many investors lost sizable fortunes.