In this Nov. 22, 2018, file photo people wait in line to buy televisions as they shop during an early Black Friday sale at a Best Buy store on Thanksgiving Day in Overland Park, Kan. Black Friday is Nov. 29, 2019. (AP Photo/Charlie Riedel, File)

Why is it called ‘Black Friday’ anyway?

The name origins of the infamous shopping day have a darker background

Shoppers get ready – it’s almost the busiest deal-finding day the year: Black Friday.

On Nov. 29, retailers of all stripes offer heavily-discounted sales, with some shops opening up early. While the day is infamous, the origins of its name are less clear.

Many people assume that “Black Friday” comes from retailers making such good sales on the day that they end up “in the black” (as opposed to “in the red”).

In actuality the history is mixed and wholly unpleasant.

The first time Black Friday was used in the press was on Sept. 24, 1869 after the crash of the American gold market. On that day, two Wall Street financiers, Jay Gould and Jim Fisk, worked together to buy as much as they could of the country’s gold in hopes of spiking up the price; consequently the prices crashed, leaving many people bankrupt.

ALSO READ: Victoria businesses band together to make Black Friday more sustainable

It wasn’t until the 1950s, however, that Black Friday came to be associated with the post-American-Thanksgiving period. Around that time in Philadelphia, large crowds of tourists and shoppers came to the city to watch the army-navy football game after Thanksgiving, which created chaos, traffic jams and shoplifting opportunities. Consequently, more police officers were put on shift for long hours and used the term “Black Friday” to describe the day.

Retail sales had also been popular at the time because department stores like Macy’s would print ads surrounding their Thanksgiving Day parade.

POLL: Do you plan on making any purchases on Black Friday

Supposedly, some retailers tried to add a positive spin to the time frame, trying to call it “Big Friday” instead, but the term never stuck. By the late 1960s Black Friday was published in local magazines and by the 1980s it was used nation-wide.

The trend began to spread internationally, thanks to big influences from online shopping, and is now recognized around the world.

vnc.editorial@blackpress.ca

Like us on Facebook and follow us on Twitter
and Instagram

Just Posted

Striking Western Forest Products workers willing to ‘modify position’ if talks progress

Brian Butler, USW 1-1937 president, says union and WFP to meet Thursday, Dec. 12

The Russell Troupe finds a comfort zone in Chemainus

Family gathering with two parents and five kids a common scene around town

Haircuts by donation for striking WFP employees at The Wildwood Collective Monday

Food and toy drives also being conducted to lend a helping hand

WFP clears the air regarding ‘concessions’

President declares latest proposal maintains terms of previous collective agreement

N. Cowichan rejects Motorsport rezoning for a second time

The surprise of the night came when Siebring switched to the no side

B.C. woman charged in connection to stolen vehicle smash-up in Kamloops

Kersten Ina Peters was arrested in the Fraser Valley on Friday, Dec. 6

Tavares scores twice as Maple Leafs earn 4-1 win over Canucks

Vancouver sees two-game win streak snapped

UPDATED: No survivors in Gabriola Island plane crash: RCMP

Coroner confirms multiple fatalities after small plane goes down Tuesday night near Nanaimo

VIDEO: Harbour Air makes history with first electric aircraft test flight

Successful flight marks first of its kind in the world

The Grinch who Stole a Hedge: Security camera captures Chilliwack tree theft

RCMP arrives as person calmly walks away with tree in downtown area

Salmonella outbreak in Canada linked to rodents and snakes

92 cases of salmonella across six provinces, including B.C.

Meng Wanzhou wins right to more documents involving arrest at Vancouver airport

Defence lawyers allege the Huawei executive was unlawfully detained, searched and interrogated

Truck with body inside found at bottom of lake near Kootenay ferry

Investigators believe no foul play is expected but are unsure how the vehicle ended up in the Arrow Lakes

Most Read