Black Friday is regarded by many as the first day of the Christmas shopping season.
Originating in America, Black Friday is the biggest shopping event of the year around the world.
When is Black Friday?
Black Friday occurs the day after the American holiday of Thanksgiving. This year, Black Friday was on 27th November.
What is the History of Black Friday?
The first recorded use of the term Black Friday referred to financial crisis; most notably the crash of the American gold market in 1869. Two ruthless Wall Street financiers bought bulks of the nation’s gold, increasing the price dramatically and selling for incredible profits. This sent the stock market into free-fall, bankrupting Wall Street, barons and farmers.
The most popular explanation of the term Black Friday originated in Philadelphia. Over 50 years ago it was used to describe the heavy and disruptive traffic occurring the day after Thanksgiving. As the term garnered popularity in the coming years, it was used to refer to the time in the year retailers go from being ‘in the red’ to ‘in the black’ as they turn a profit.