One of the big events that is much awaited in some parts of United States is Black Friday. It is the day after the Thanksgiving day in the U.S.A. which is Friday after the fourth Thursday in November. It is holiday in some states and considered as busy shopping day because some people spend time in shopping for Christmas presents. Many stores offer big discounts, lower their prices on some items and have special product offers such as toys, clothing, etc. Others spend this day to travel, make trips, visit their loved-ones and go on vacation.
Why is it called the Black Friday?
The term “Black Friday” has been used in multiple context.
- It was associated in the financial crises in the US in the nineteenth century.
- The earliest known reference in 1966: A name which Philadelphia Police Department has given to the Friday following Thanksgiving Day as their endearment to the event. It officially opens the Christmas shopping in the center city that usually brings traffic jams and over-crowded sidewalks.
- A popular theory is that the wheels of vehicles in the heavy traffic on the day after Thanksgiving day left black marking on the road leading them to use the term Black Friday.
- In accounting practice, it is the year’s biggest retailers resulting in big profit recorded in black ink compared to losses (red ink). Businesses started making profits prior to Christmas.