Sure, we all know Black Friday is approaching. But besides the deals and discounts, what else do you know about the origin of the term Black Friday? Where did the term Black Friday come from? Why is it called Black Friday? What does Black Friday actually mean?
Today, we’ll be taking a short lesson in history, looking way back at the origin of the term Black Friday.
The term Black Friday has nothing to do with Thanksgiving or discounts
One of the earliest recorded uses of the term Black Friday has nothing to do with the sales as we all know and love today. In fact, it was first used in 1869 in reference to the financial panic in the US due to a huge crash of the gold market.
Black Friday is black because it’s deadly and dangerous
In the late 19th and early 20th century, many Thanksgiving day parades were sponsored by department stores in an effort to sneakily advertise their Christmas sales as early as possible. Later on, it became common practice to only run Christmas advertisements after the Parade was over. From then on, the day after Thanksgiving marked the official start of the shopping season.
This drove huge amounts of traffic to the city centre, where shoppers would jam into stores and severely injure one another as well as the sales representatives. Policemen and public transport figures called this day Black Friday, referring to the danger and havoc brought on by the manic shopping spree.
Black Friday means huge profits
Olden day accounting practises would use different coloured inks in their accounting books to reflect the store’s sales — red ink indicated losses and black ink showed profit. On this very special day, most merchants would would record their sales in black ink to show positive amounts.
So there you go. It’s not just about shopping. There’s actually quite a bit of history behind the term that that we now use to refer to the deals available after Thanksgiving. I hope now you’ll understand why it’s called Black Friday.
Go ahead and share this post with friends who have no idea what Black Friday is all about!