The day after Thanksgiving – known as Black Friday has become one of the busiest shopping days of the year in the US. When it comes to this day, people immediately think of two things: “super sale” and “chaotic crowds”. However, have you ever wondered when Black Friday started, and why is it called Black Friday after Thanksgiving?
Why Is It Called Black Friday After Thanksgiving?
Why is it called Black Friday after Thanksgiving? Most people know Black Friday as the “golden day of shopping” for Americans with tens of thousands of huge discounts on items. These stores are usually “in the black” (profitable) that day. But the origin of Black Friday is darker.
The Origin of Black Friday
According to USA Today, Black Friday began to be mentioned in 1939, when Franklin D. Roosevelt – the 32nd president of the United States is under pressure to move Thanksgiving from the last Thursday to the fourth Thursday in November, with the aim of prolonging the Christmas shopping season.
“As the shopping season drags on, people will spend more, and the economy in crisis at the time will get a much-needed boost.”
That is the idea that formed the birth of Black Friday. The Thanksgiving shift was officially recognized in 1941, but the Black Friday concept didn’t really take off until about a decade later.
According to another source, the name Black Friday is derived from Philadelphia. In the 1950s, local police were said to have used the term to describe the Friday after Thanksgiving because it was a “particularly difficult” day for them due to the skyrocketing volume of shoppers pouring into the city from the suburbs. And police had to work long hours to control crowds and traffic.
Merchants in the area later tried to change the name to “Big Friday,” but the alternate name was never noticed. In the late 1980s, “Black Friday” went nationwide with a more positive “red and black” storyline.
The term “In The Black” refers to the state of the business making a profit while “In The Red” refers to the state of the business losing or failing.
In the past, to make it easier to distinguish and keep track of books, accountants often recorded profits in black ink and losses in red ink. Since then, people named the biggest shopping day of the year as Black Friday, implying that this is a profitable day for businesses.
Another history of Black Friday
In addition, Black Friday has another history, one that doesn’t involve shopping. It was in 1869 that Wall Street financiers Jim Fisk and Jay Gould were trying to manipulate the nation’s gold market at the New York Gold Exchange by buying as much of the precious metal as they could, with the purpose of pushing prices up. On Friday, September 24, their plan was foiled by the intervention of President Ulysses S. Grant. The stock market immediately plunged, sending thousands of Americans into bankruptcy.
In recent years, Black Friday has been seen as the start of the Christmas shopping season, followed by other shopping holidays. Those dates include Small Business Saturday, which promotes shoppers to visit local retailers, and Cyber Monday, which encourages online shopping.
On Black Friday, most major retailers are open from around 4 a.m. or earlier, with tens of thousands of items at huge discounts. Discounts on average items range from 10% to 30%, or even more on common items such as electronics, refrigeration, home appliances, furniture, and fashion. Many business owners even allow employees to take time off work as a holiday to go shopping.
Some Fun Facts about Black Friday
Now you know “why is it called Black Friday after Thanksgiving”, this part, I want to share with you some fun facts about this day.
- Black Friday is still the best day for electronics, home appliances and jewelry deals.
- The days from Thanksgiving through Cyber Monday make up 20% of all holiday online shopping.
- On average, shoppers will wait 2.5 hours in line for a transaction.
- Black Friday is the busiest day of the year for plumbers. This may sound strange but it is absolutely true. As explained by CNN daily, because households have to prepare a lot for the holidays, it has led to severe blockage of water pipes. However, because to avoid “losing fun” on the big day, families do not fix it immediately, but will start looking for a plumber the next day.
- This is not the busiest shopping day of the year. The Saturday before Christmas has been beating it since 2001.
- Black Friday has spread to more than 15 countries around the world such as the United Kingdom, Brazil, India, France, Norway, and many others…
- In Mexico, it’s called “El Buen Fin”, which means “the good weekend”. This is tied to the anniversary of the Mexican revolution in 1910, which sometimes coincides with American Thanksgiving. In Mexico, El Buen Fin actually lasts all weekend instead of just taking place on Fridays.
- 12% of Black Friday shoppers are drunk. According to a survey, 12% of all Black Friday shoppers admitted to having gone to the store while not sober – under the influence of alcohol.
Cool Thanksgiving Gift Everyone Will Actually Love
Before plunging into the frenetic shopping season, be sure to do something special for your loved ones on Thanksgiving Day. Giving a thoughtful Thanksgiving gift is a great way to express your gratitude. Here are some ideas:
Official Thanksgiving Dinosaur T Shirt$15.99
Happy Thanksgiving T Shirt Gnome$15.99
Let Thanks And Giving Be More Than Just A Season Shirt$15.99
Turkey Nurse Shirt Stethoscope Happy Thanksgiving$15.99
Thanksgiving Teacher Shirt I Teach The Cutest Little Turkey$15.99
Rex Dinosaur Shirt Rawr Turkey I Try To Be Good Take After Grandma$15.99
So the answer is obvious! If someone asks you why is it called Black Friday after Thanksgiving, share this post. Or on Thanksgiving dinner, tell your family and friends and they will amaze with your knowledge.
Finally, whether you like Thanksgiving, Black Friday or Cyber Monday, this November is truly the biggest shopping season of the year. Enjoy it and happy shopping!