While many people believe the term Black Friday finds its roots in the sense of black meaning “showing a profit; not showing any losses,” this isn’t actually the case.
Historically, black has been associated with days of economic stress as opposed to days of booming commercial success. The first Black Friday occurred in 1869 after financier Jay Gould and railway businessman James Fisk attempted to corner the gold market, which ultimately resulted in financial panic and the collapse of the market. A little over 60 years later, on October 29, 1929, another stock market crash referred to as Black Tuesday marked the onset of the Great Depression.
Where did Black Friday come from?
Black Friday originated in the USA. As Thanksgiving always falls on the fourth Thursday in November, the following Friday is often observed as an unofficial holiday.
Because many people are off work, shops drop prices – historically for one day only – to start the Christmas season.
UK shops have since caught on to this trend and it was brought across the pond over a decade ago. Between 2010 and 2013, Black Friday gradually built up momentum in the UK. In 2014, Black Friday became the peak pre-Christmas online sales day and online retailers haven't looked back since.
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