Black Friday has two relevant meanings - Deepstash

Bite‑sized knowledge

to upgrade

your career

Ideas from books, articles & podcasts.

Black Friday has two relevant meanings

Black Friday has two relevant meanings

  • In history, Black Friday was a stock market disaster that happened on September 24, 1869, when, after a period of uncontrolled speculation, the price of gold crashed, and the markets crashed.
  • The contemporary meaning refers to the day after the U.S. Thanksgiving holiday, which has been a holiday itself for many employees. It is known as a day full of shopping deals and heavy discounts and is considered the beginning of the holiday shopping season.

1

STASHED IN:

43

published ideas from this article:

MORE IDEAS FROM THE SAME ARTICLE

  • The sales registered on Black Friday are frequently seen as a litmus test for the overall economic situation of the country and a way for economists to assess the confidence of the average American.
  • Those who follow the Keynesian hypothesis​ that spending d...

The term was made-up by the overworked Philadelphia police officers.

  • In the 1950s, crowds of shoppers and travelers flooded Philadelphia the day after Thanksgiving.
  • Philadelphia stores hosted major sales that day, but the city also hosted the Army-Navy footb...

  • Retailers may spend an entire year planning their Black Friday sales. They use this event as their chance to offer special prices on overstock inventory and discounts on seasonal items, such as typical holiday gifts.
  • Retailers also offer significant discoun...

  • For online stores, a similar tradition to Black Friday has arisen on the Monday following Thanksgiving. Cyber Monday is seen as the unofficial start of the online holiday shopping season.
  • The idea is that consumers return to work after the Thanksgiving holiday weekend, ready to sta...

There is a theory stating that, when it comes to "Black Friday", the term "black" refers to being profitable, which comes from the old bookkeeping practice of recording profits in black ink and losses in red ink.

Retail businesses should be able to sell enough on t...

  • Black Friday become the shopping phenomenon event it is today in the 2000s when Black Friday was officially designated the biggest shopping day of the year.
  • Until then, that title had gone to the Saturday before Christmas.
  • Today, Black Friday is becoming an increasingly le...

Discover and save more ideas by creating a

FREE

Deepstash account.

Develop a

reading habit

, save

time

and create an amazing

knowledge library

.

GET THE APP:

MORE LIKE THIS

Why Black Friday Is So Popular

Black Friday is the conventional starting day for the holiday shopping season.

Historically, it’s also been the best day to find great deals on the year’s hottest toys, games, and electronics.

STASHED IN:

21

The wholesome story of Black Friday

The wholesome story of Black Friday is that happy shoppers would flood local shops and malls the day after Thanksgiving, and the extra spending would put retailers "in the black" for the year.

The Friday after Thanksgiving was named "Black Friday" and it became the unofficial start of the ...

1

STASHED IN:

95

The Intense Crowding After Thanksgiving

In 1960's, the Philadelphia Police Department became so frustrated with the overflowing streets, traffic jams and regular fights caused by the crowds of people that visited the stores the day after Thanksgiving that, it’s believed, they coined the name ‘Black Friday’ ...

STASHED IN:

18