Show many black fridays in financial circles black friday does not refer to a particular date as often supposed but Is the name given to several fridays on which financial panics have occurred apparently the term was first applied to the friday in december 1745 when the news was wa received in london that charles edward S stuart the young pretender had reached derby only ten days march from the capital A financial panic resulted immediately black friday was probably suggested by analogy with mack black monday an old name tor for the monday following easter the tha term black friday was revived in england eagland for may 11 ISM 1888 when a panic followed the failure of the london firm of overend curmey co in the united states the term Is applied to september 24 when a panic occurred as the result of jay goulds c efforts to corner the gold market in new york and to september 19 1873 when a panic followed the failure of the banking firm of jay cook co pathfinder magazine |