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First of all, the term ‘Black Friday’ has its roots in the American economic crisis of 1869. According to the Encyclopedia Britannica, this day became a symbol of economic devastation. A 2021 New York Times report says officials cursed this day. The shops were full, but the chaos was such that even the retailers started hating the name.
Be it Amazon, Nykaa or Flipkart, go to any e-commerce site at this time. You will hear only one word, and that is Black Friday Sale. ‘Black Friday’, which was considered synonymous with economic devastation for years, how gradually the marketing strategy made it the biggest shopping festival for the people, is a thing to be seen. Now every year, millions of people wait for this Friday, the next day of Thanksgiving, so that they can make purchases at huge discounts. Whereas years ago, on this day, stampedes and police troubles were seen on the streets of American cities. after all What is this Black Friday Sale? When and how did it start? Why was it named ‘Black’? Let us know its history, which is very interesting.
How did Black Friday start?
First of all, the term ‘Black Friday’ has its roots in the American economic crisis of 1869. On September 24, two speculators on Wall Street, Jay Gould and James Fisk, tried to control the price of gold. But the result was that the market fell drastically. According to the Encyclopedia Britannica, this day became a symbol of economic devastation. For shopkeepers, ‘Red’ meant loss, but the name actually came from the specter of recession.
Why is this Friday Black?
After that period of economic crisis, the name Black Friday re-emerged in the 1950-60s. It is related to Thanksgiving Day. Thanksgiving is celebrated on the fourth Thursday of November and Black Friday comes on the next day i.e. Friday. This day traditionally marks the beginning of the Christmas shopping season.
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