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

Get local stories you won't find anywhere else right to your inbox.
Sign up here

Just Posted

Borrow $8 billion for Fraser Valley rail link, Abbotsford mayor urges province

Henry Braun urges province to borrow billions to connect Abbotsford & Chilliwack to Metro Vancouver

Ralston to take over as Energy Minister in B.C. cabinet shuffle

Premier John Horgan has made three major changes to his cabinet

Elderly pedestrian killed in Vancouver crash with Surrey delivery van

Elderly woman was in marked crosswalk with husband when she was hit

Anti-pipeline protests in support of Wet’suwet’en continue at B.C. government buildings

‘We are unarmed, they have guns,’ protesters chanted on Wednesday morning

Theo the 800-pound pig trimmed down and still looking for love on Vancouver Island

“He’s doing really well, lost quite a few pounds and can run now.”

Pooches Jasper and Jake bring comfort to Abbotsford Police Department

Comfort dogs there for cuddles and play time when needed

Dog reunited with Tofino owner, months after being taken from beach

Shannon Boothman ‘ecstatic’ at pet’s return after a tip leads to social media search

B.C.’s first ride-hailing app to launch in Tofino, Whistler in February

The Whistle! app will be available in Tofino on Feb.1 and in Whistler Feb. 6.

Councillor resigns in Revelstoke after colleagues approved 67% raise

Council approved a 134 per cent raise for the mayor of Revelstoke

Rolled-over dairy truck in Abbotsford lost 40,000 litres of milk

Truck removed Sunday, Jan. 19, with specialized equipment to upright vehicle

Boy, 13, arrested after alleged assault involving girl at B.C. middle school

Boy alleged to have used ‘inappropriate levels of force’ to injure the girl

Heavy rain on the way for Metro Vancouver, Howe Sound

Up to 80 millimetres of rain is expected

Most Read