Why is the biggest sale called Black Friday?
Before we jump to the answer, let us ask you a question. Whenever you hear or read the word, Black Friday, doesnât it sound like something negative event, and why not? Because black color usually denotes a negative or dark event. Before the early 1960s, this term did signify a negative day.
In 1869, investors, Jay Gould and Jim Fisk shook the market by driving up the gold price. Due to this, the stock market dropped by 20%, foreign trade got on hold, and farmers had to witness a massive drop in corn and wheat value. This market crash was denoted by the term âBlack Fridayâ but not for too long.
In the late 1950s and early 1960s, Philadelphiaâs police officers started using this term to describe the chaos in the market due to a large number of tourists visiting the city for holiday shopping. However, the retailers did not like it due to the negative notion around this word.
So, to give it a good face, retailers then initiated to change the narrative by deciding that Black Friday is when they are supposed to be in âblackâ.
Being in black means to be in profit as per the financial phrase as red denotes the loss.
Now that you finally know how the yearâs biggest sale got its name, letâs move on to another most searched question.
Check the ultimate Black Friday deals of 2023 on different softwares and services.
Black Friday
What is the Black Friday? Why is it called black Friday? Why is it considered the biggest shopping sale of the year? These were some of the most asked questions about the Black Friday. In case you also have similar queries in mind, this article has answers to all your questions. Here we are going to clear all the basic doubts about the âBlack Fridayâ word and will also cover companies/platforms that offer hefty discounts on this day. Letâs dive in.
Everything you should Know About Black Friday
- What is the Black Friday?
- Why is the biggest sale called Black Friday?
- When do Black Friday deals start?
- Black Friday Duration
- Companies offer Black Friday Sale?