The Black Friday's Origin 19/11/2018


I know that everyone has already wondered where did this name of Black Friday come from and why we call this day like this… Well, I decided to inform myself to give you some answers to your existential question! 

First of all, the term Black Friday first appears in the USA before it was named “The Day after Thanksgiving”. 

There is 3 most famous history about this day: 

  • The first one was applied to the financial crisis because of the crash of the US gold market happened on the 24th of September in 1869. Jay Gould and James Fisk created a boom and bust in gold prices after the price fell to 20%. They tried to take over the gold market in the New York Gold Exchange 

 

  • The second one happened in 1960: the term “black” refers to stores moving from the “red” to the “black” back when accounting records were kept by hand and red ink indicated a loss, black a profit. 

 

  • The most famous was in the 1800’s: southern plantation owners could buy slaves at a discount on the day after Thanksgiving. This version calls for a boycott of the retail holiday.  

You do not have to know that but in the USA, many employees have the day off except those working in retail. 

However, it will not prevent us from taking advantage of the sales!!  Enjoy this day!

By Peggy Benard




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