Most people are aware that the day after Thanksgiving is known as “Black Friday,” but why? The day’s origins aren’t related to the practice of selling off slaves the day after Thanksgiving, as some social media posts claim, according to the Associated Press.
First Black Friday claims
Instead, a financial collapse in the late 1880s is where the phrase “Black Friday” first became associated. According to Business Insider, two investors, Jay Gould and Jim Fisk raised the price of gold, which caused a market crash on Friday, September 24, 1869. Farmers suffered, foreign trade was suspended, and the stock market fell. The following day was called “Black Friday.”
Black Friday didn’t become synonymous with shopping after Thanksgiving until the 1960s, when large crowds flocked to Philadelphia’s streets ahead of the annual Army-Navy game to take advantage of store sales, according to the AP.
Second Black Friday claim
A sales manager at Gimbels department store claimed in a 1975 AP article that bus and cab drivers called the day after Thanksgiving Black Friday due to the “headaches it gives them” as police attempted to manage the crowds. Retailers tried calling the day “Big Friday” because the term “black,” like Black Friday 1969, is associated with economic bad times, according to The New York Times. They were unsuccessful, and “Black Friday” was eventually reclaimed, largely because the big shopping day could turn around declining profits.
In this era, Black Friday
Since then, Black Friday has become synonymous with shopping. Additionally, names for the days that follow it, such as Small Business Saturday and Cyber Monday, have replaced it. According to the company, American Express founded Small Business Saturday in 2010. According to American Express, the day was instituted “amid the recession” with the goal of “encouraging people to Shop Small and bringing more holiday shopping to small businesses.”
According to Reader’s Digest, the National Retail Foundation’s senior vice president of research and strategic initiatives first used the term “Cyber Monday” in 2005.
On the Monday following Thanksgiving, the NRF reportedly observed a rise in online sales and traffic, which was thought to be brought on by people making purchases while using computers at work, where the Internet was probably faster and their kids couldn’t see what they were buying.
Is Apple doing Black Friday 2022?
The AirPods Pro and AirPods Max are both on sale, the Apple Watch Series 7 has been discounted on and off since April, and with the holiday season starting earlier than ever, some of Apple’s most wanted, expensive products are finally on sale for Black Friday 2022.
When will Black Friday 2022 occur?
Cyber Monday will immediately follow Black Friday on November 28, 2022. Technically, Black Friday ends the moment Cyber Monday starts. The best deals typically last only for these two days (and the following weekend), but occasionally they last through the end of the following week.
What is the American term for Black Friday?
The Friday following Thanksgiving is referred to as “Black Friday” in American slang. It traditionally signals the beginning of the holiday shopping season in the US.
Is Black Friday referred to by another name?
For the first time, the phrase “Black Friday” was used to refer solely to the day after Thanksgiving when people go shopping. Retailers tried to change “Black Friday” to “Big Friday” because they were offended by the name’s negative connotation.