One of the busiest shopping days of the year is Black Friday, the day after Thanksgiving, which is usually referred to as “Black Friday.” In order to entice customers into their locations, national chain businesses generally provide limited money-saving discounts on a wide array of goods.
“Black Friday” is often referred to as the day following Thanksgiving, when large sales eventually allow companies to turn a profit and become profitable again, or “turn a profit,” or “turn a profit,” as opposed to operating at a loss. This, however, is incorrect.
Since police officers in Philadelphia first used the term “Black Friday” to refer to the mayhem that ensued when suburban tourists descended on Philadelphia to begin their holiday shopping and, in some years, attend the annual Army-Navy football game, the term’s origins can be traced back to the early 1960s. There was a lot of traffic, accidents, stealing, and other problems for the police to cope with because of the large crowds.
The phrase “Black Friday” had taken hold in Philadelphia within a few years. The term “Big Friday” was coined by city merchants to give the day a more positive connotation.
It wasn’t until the late 1980s that the term “Black Friday” began to spread across the country as a symbol of increased retail sales. Stores began making money on Black Friday, which was also known as the biggest shopping day in the United States. On the Saturday before Christmas, most stores recorded their highest sales.
Small Business Saturday and Cyber Monday have joined Black Friday in recent years as other shopping holidays, encouraging people to shop at local businesses and online.
Historically, the term “Black Friday” has a different meaning, one that is not tied to retail sales. By buying as much gold as they could at the New York Gold Exchange in 1869, Wall Street financiers Jay Gould and Jim Fisk hoped to control the gold market and send prices rising. President Ulysses S. Grant’s involvement on Friday, September 24, shattered their scheme. Thousands of Americans went bankrupt as a result of the immediate drop in the stock market.