• News
  • Film and TV
  • Music
  • Tech
  • Features
  • Celebrity
  • Politics
  • Weird
  • Community
  • Advertise
  • Terms
  • Privacy & Cookies
  • LADbible Group
  • LADbible
  • SPORTbible
  • GAMINGbible
  • Tyla
  • UNILAD Tech
  • FOODbible
  • License Our Content
  • About Us & Contact
  • Jobs
  • Latest
  • Topics A-Z
  • Authors
Facebook
Instagram
X
Threads
TikTok
YouTube
Submit Your Content
Real reason why the day after Thanksgiving is called Black Friday

Home> News

Published 20:18 19 Nov 2024 GMT

Real reason why the day after Thanksgiving is called Black Friday

The reason why the day after Thanksgiving is called Black Friday has been revealed

Callum Jones

Callum Jones

Thanksgiving is fast approaching for those who celebrate it, with millions of Americans getting ready to consume their body weight in food over the next few days.

Everyone of course knows that the immediate aftermath of Thanksgiving sees the hugely popular sale that is Black Friday - an occasion that follows a day after Thanksgiving every year.

What is Black Friday?

Black Friday has become one of the busiest shopping days of the year in the US, with folks going mad over crazy deals on the likes of tech, fashion and even furniture.

While Black Friday deals tend to go on for the majority of November nowadays, there's no doubt the main day provides a lot of excitement for eager shoppers.

Advert

Black Friday follows Thanksgiving (Mike Kemp/In Pictures via Getty Images)
Black Friday follows Thanksgiving (Mike Kemp/In Pictures via Getty Images)

But have you ever thought why the sales day is known as Black Friday?

When was the term 'Black Friday' first used?

Well, the first use of the term 'Black Friday' actually began referencing a financial crisis in 1869 rather than a sales day.

Wall Street financiers Jay Gould and Jim Fisk worked together to purchase the nation's gold, hoping to see a huge return on their investment in the future.

But that conspiracy made its way into the public eye on September 24, 1869, leading to the stock market collapsing and bankrupting a lot of folks.

Why is the day after Thanksgiving known as Black Friday?

Britannica reports that it's believed the term 'Black Friday' originates from the concept that businesses operate at a financial loss.

But that is very much untrue.

Black Friday has been around for a while (Kena Betancur/Getty Images)
Black Friday has been around for a while (Kena Betancur/Getty Images)

Instead, police officers in Philadelphia began using the phrase after many tourists came to the city to begin their Christmas shopping.

It wasn't until the 1980 when the phrase 'Black Friday' was used across the US, with it typically signifying the day when retailers turn profit for the year, as well as marking the biggest shopping day of the year.

Before this, retailers were seen as being in the 'red', with a supposed profit, 'going into the black', happening the day after Thanksgiving - hence the mad shopping day we see after the Turkey has been carved being dubbed 'Black Friday'.

While this may have been the case in the past, most stores usually record their biggest shopping day as the last Saturday before Christmas Day.

Featured Image Credit: Kena Betancur/Getty Images/STAN HONDA/AFP via Getty Images

Topics: Shopping, History

Callum Jones
Callum Jones

Advert

Advert

Advert

Choose your content:

Just now
an hour ago
  • Carl Court - Pool/Getty Images
    Just now

    What Donald Trump's Board of Peace will actually do as more countries sign up

    Donald Trump has sent invitations to multiple countries across the world

    News
  • Axelle/Bauer-Griffin/Getty
    an hour ago

    Footage of Victoria Beckham dancing with Brooklyn and Nicola Peltz resurfaces amid wedding drama

    Fans have been searching for old videos of the trio together following confirmation of a feud

    Celebrity
  • Getty Stock Images
    an hour ago

    Woman sues clinic after giving birth to baby who is not biologically hers

    The couple are now desperately trying to figure out what happened to their biological embryos

    News
  • Andrew Harnik/Getty Images
    an hour ago

    Michelle Obama reveals whether Barack would run for president again if term rules were changed

    "This is a hard job, and it requires new energy, new vision all the time."

    News
  • People are only just discovering the real reason why there are no skeletons in the Titanic wreckage
  • Walmart and Amazon are selling tiny 19-foot homes with $10K off in Black Friday sale
  • Real reason why men’s boxers have hole in the front
  • Elle Fanning has the perfect reaction to Jack Black shoutout after labelling him 'sex on legs'