It's is a heavily discounted shopping day we’ve imported from the US, falling on the day after Thanksgiving.
The name was originally used in September 1869, when two gold speculators attempted to own the entire market on the New York Stock Exchange. They failed.
Black Friday means headaches and bargains in equal measure
The result was a government intervention which involved flooding the market with gold, prices plummeted and many investors lost sizeable fortunes. Ouch.
Now it refers to the biggest shopping day of the year. The craze has spread from the US, to Canada and now to Europe.
Black Friday was confirmed as the biggest online shopping day of the year in the UK for the first time in 2014 – with consumers parting with a whopping £810m - far exceeding the predicted spend of £363m.
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Black Friday is immediately followed by Cyber Monday, when further discounts will be offered and the frenzy is expected to continue.
Sadly the madness sometimes culminates in tears, handcuffs and even tragedy. In 2008 a Walmart employee was trampled to death and in 2011 a woman pepper-sprayed rival shoppers over an Xbox.
The darker side of Black Friday...