Where did this day long awaited by those who like to buy gifts in advance or indulge themselves that they so much wanted got its name from?
The famous sales weekend, which follows Thanksgiving and begins on November 26 of this year, always has a significant number of shoppers who head to physical and online stores in an attempt to find the best ones. offers. But many people are unaware of the history of this phenomenon. Where does the term Black Friday or Black Friday come from?
The term “Black Friday” was first associated with a Wall Street-related financial crisis. Jim Fisk and Jay Gould, together bought a significant amount of American gold in the hope that the overall price would skyrocket, and in turn they could sell it for big profits. On Friday, September 24, 1869, in what was called “Black Friday,” the US gold market collapsed and the actions of Fisk and Gould left the Wall Street barons in complete and utter bankruptcy. It wasn’t until later years that the period after Thanksgiving became associated with this well-known name.
In fact, Black Friday as we know it actually started in the 1950s . All thanks to the Philadelphia PD. Back then, tourists flooded the city for the annual Army vs. Navy soccer game. Thefts, on this day, became a greater threat due to the large crowds, which is why the police called the day Black Friday. The rest of the country didn’t use the term until the late 1980s. That’s when retailers decided to seize the opportunity in a more positive way, as it was generally the time of year when they could really make a profit . And so, until today.
Despite the fact that it is an event that has its origin in the United States, the strongest sales day in this country, in recent years, this trend has become popular in Europe, Russia and, in general, around the world.
For shoppers, this day has become a date to always mark on the calendar.
