Hello, curious readers! Ever found yourself pondering why the biggest shopping day of the year is ominously called ‘Black Friday’? You’re not alone. Today, we’re going to delve into the captivating history and theories that explain how this post-Thanksgiving shopping frenzy got its name. Buckle up; it’s going to be an interesting ride!
The Mystery of ‘Black Friday’: Unveiled
Contrary to popular belief, the term ‘Black Friday’ didn’t originate as a reference to retailers moving from losses (being “in the red”) to profits (going “into the black”) due to holiday sales. In fact, the roots of the term are much more complex and intriguing.
The ‘Black’ Origins
The first recorded use of ‘Black Friday’ had nothing to do with shopping or Thanksgiving but was tied to a financial crisis. The term was used to describe a stock market catastrophe that took place in September 1869. Two Wall Street financiers, Jay Gould and Jim Fisk, tried to corner the gold market, which led to the market crashing and stocks falling.
From Financial Crisis to Shopping Mayhem
Fast forward to the mid-20th century in Philadelphia, the term ‘Black Friday’ was used by the local police to describe the chaos that ensued on the day after Thanksgiving, when hordes of suburban shoppers and tourists flooded into the city in advance of the big Army-Navy football game held on that Saturday every year. The police couldn’t take the day off and would have to work extra-long shifts to handle the crowds and traffic. It wasn’t a term of endearment for them.
Black Friday Today: A Shopping Extravaganza
Despite its less-than-cheerful origins, ‘Black Friday’ has evolved into a global phenomenon synonymous with incredible sales and bargain hunting. Today, it marks the start of the holiday shopping season, offering consumers the chance to snag some fantastic deals.
Conclusion
The term ‘Black Friday’ has come a long way from financial crashes and traffic nightmares. It’s now a day eagerly anticipated by shoppers around the globe. So, as you prepare to score some great deals this Black Friday, take a moment to appreciate the intriguing history behind the name!
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