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History of "Black Friday" By Odessa

By Anonymous
The day after the day for giving thanks and appreciation we have the retail phenomenon known as “Black Friday”. Black Friday is notorious and I wanted to take a closer look on how it make a national day in America. The term “Black Friday” was first used in a financial crisis 1869 with the unraveling of gold conspiracy.
People have also said that Black Friday is called what it is and when it is, because retail companies used to record their profit in red and black. The whole year would be in a loss, until the day after thanksgiving where it would go black, because of the splurges on discounted items, but this is proved to be untrue.

Another untrue story is that in the 1800s, the plantation owners could buy discounted slaves the day after Thanksgiving. This makes the holiday rather messy and repelling, however this was not proved either.

It began in Philadelphia in the 50’s, the police described the hordes of people that flowed in the city for the big football game, because they couldn’t take the day off and had to work extra hours. Also there were an influx of shoplifters, because of the mayhem. Black Friday was attempted to be changed to Big Friday, but it didn’t catch on. Retailers revamped Black Friday, feeding the earlier story about finally making a profit. Until Black Friday is the phenomenon we know today.
Source:
http://www.history.com/news/whats-the-real-history-of-black-friday
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