This song was written about Friday, September 24, 1869 as it is known as "Black Friday". According to the Black Friday Songfacts , it is known as "Black Friday" in the US because of a failed ploy that left many wealthy investors broke. The investors tried to corner the market on gold, buying as much of it as they could and driving up the price, but when the government found out, they released $4 million worth of gold into the market, driving down the price and clobbering the investors.
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