The Fascinating History of Black Friday
The Fascinating History of Black Friday https://www.oreico.net/wp-content/themes/corpus/images/empty/thumbnail.jpg 150 150 Carla Gandara https://secure.gravatar.com/avatar/fc031c4958770e4c775951b3b662bb81?s=96&d=mm&r=g
Black Friday, the day after Thanksgiving, has become synonymous with shopping deals and the start of the holiday season. But the origins of this day are rooted in history and have evolved significantly over time.
The Financial Crisis of 1869
The term “Black Friday” was first used on September 24, 1869, during a financial crisis. Wall Street financiers Jay Gould and Jim Fisk attempted to corner the gold market, leading to a market crash that caused widespread financial panic
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Philadelphia’s Shopping Chaos
In the 1950s, the term “Black Friday” was used by Philadelphia police to describe the chaos that ensued the day after Thanksgiving. The city was flooded with shoppers and tourists, causing traffic jams and other disruptions. This was also the day before the annual Army-Navy football game, adding to the commotion
Retailers and the Modern Black Friday
It wasn’t until the late 1980s that the term “Black Friday” took on its current meaning. Retailers began to promote the idea that this was the day when their finances shifted from “in the red” to “in the black,” indicating profitability This narrative helped transform Black Friday into the major shopping event we know today.
Conclusion
Black Friday has a rich and varied history that extends beyond shopping. From a financial crisis to a chaotic shopping day in Philadelphia, and finally to a nationwide retail event, Black Friday has evolved significantly. As you hunt for deals this year, take a moment to appreciate the history behind this day.
Happy shopping!
#blackfriday # 13 December # Friday 13th
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