The meaning and origin of Black Friday – the biggest shopping day of the year

Black Friday is one of the biggest shopping days of the year, but do you know its true meaning and origin?

black friday (or black friday) is one of the hottest events of the past few years, a phenomenon that companies in the consumer and shopping industries have taken full advantage of.

black friday Originating in the United States, the event has spread all over the world, becoming one of the most anticipated sale days in many different countries. Black Friday usually occurs on the first Friday after Thanksgiving (the 4th Thursday in November in the US). This is also considered to be the opening time of the Christmas shopping season in the United States, and it is also the time when the consumption level of the American people reaches the highest level every year.

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Where did the name Black Friday come from?

Many believe that the name Black Friday comes from gratefulstores would start trading, sales would skyrocket, and their bank accounts would show “black” balances (in the US, accountants used to use red ink to mark debits and credits. Black ink to mark credits).

Even American English has a separate idiom for this phenomenon, “in the black”. But did you know that Black Friday has a much darker origin than the above implies.

The meaning and origin of Black Friday

sheet wall street journal It used to be said that Black Friday was a phrase used a long time ago that seemed to refer to the terrible events that happened on Friday. The phrase was first used in 1869, and the story goes as follows:

“There was a pair of investors named Jay Gould and James Fisk. They speculated and manipulated the gold market, which caused the financial crisis, and the day that happened became known as Black Friday.”

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There isn’t any precise information to determine who first coined the term “Black Friday” or its use after that date. grateful United States, but according to some predictions, its origin dates back to the 1950s of the last century. At the time, however, the phrase had nothing to do with shopping.

take this black friday Refers to workers’ decision to take Thanksgiving off Thursday through the weekend. Some time later, the police again used the phrase to refer to the busiest shopping day of the year, which is also the time before the annual football game between the academy teams. pastry and college us navy.

The meaning and origin of Black Friday

Due to the high traffic of shoppers, Black Friday remains a phrase with negative connotations for police officers as they have to deal with traffic congestion and maintain safety and order.

It wasn’t until the late 1980s that the term “Black Friday” became associated with retail and promotions. When it no longer had the negative connotations it once had, consumers took advantage of the name for promotions, and from this time on, the phrase Black Friday became associated with the meaning of profit. .

Thanks to retailers’ non-stop promotions and promotions every year, the meaning of Black Friday has become more positive, becoming an integral part of the shopping and consumption industry. This is similar to days like Cyber ​​Monday or Small Business Saturday.