Black Friday is literally a sales weekend in the middle of the holiday season between Thanksgiving and Christmas holidays. It's the biggest buying spree of the year in the United States that has obtained worldwide recognition. In 2021, Black Friday falls on November 26.
The phrase “in the black” refers to a company’s profitability and overall business health. Nowadays, “Black Friday” means a day when stores restart making sales after Thanksgiving. However, the term originates from the events that occurred decades ago and overwhelmed the contemporaries.
Here are two stories referred to Black Friday:
Story #1. The first was about a fraud that influenced the entire U.S. economy.
Story #2. The second was about an unprecedented shopping frenzy on Thanksgiving.
Let’s see what happened then!
Black Friday’s Story #1: A Huge Fraud in the U.S.
The “Black Friday” was originally named a New York bullish gold market panic of 1869. Through the weeks two speculators, Gould and Fisk, were buying vast reserves of gold to push the price up.
After detecting fraud, the government broke the Gold Ring by selling gold from the treasury. On Friday, September 24th, a tremendous decrease in the gold value caused a huge stock market crash.
Banks failed to cover the mounting debts, while depositors wanted their funds back. This day was called “Black Friday” because of the catastrophic influence it had on the US economy.
Black Friday’s Story #2: Football Fans Frenzy
The latter event took place in Philadelphia in the 1950s after a football game that was traditionally played after Thanksgiving.
The city was flooded with tourists overcrowding retail stores and causing traffic jams. Policemen and shop assistants revived the “Black Friday” term in reference to the post-Thanksgiving frenzy.
With time it has become a widely known name of a sale time.
Black Friday Nowadays
Major retailers tried to articulate a more positive agenda to achieve a more favorable public opinion on the matter. They never succeeded, but the phrase eventually caught on because it is catchy.
Now ‘Black Friday” has a single meaning and positive connotation.
J4L Welcomes Black Friday’s Deals
Black Friday is the day starting the winter holiday season. And Jump4Love celebrates this event by offering its users tremendous discounts!
Our Black Friday’s deals this year include -
- Meeting and chatting with ladies,
- Viewing photos and videos,
- Communicating all the way around
at 70% off! This offer’s valid till December 3, 2021, and it’s one-time-only & for new users only! Grab yours at https://jump4love.com now!