The Black Friday sale is going on, and we’re all ready with our big shopping lists. But do you know how this Black Friday started and why it is so famous? After Thanksgiving in the US, Black Friday starts.
The Origin Of ‘Black Friday’
Do you know the origin of the word ‘Black Friday’? It has evolved from a chaotic shopping day into a global retail phenomenon. The very first time the ‘Black Friday’ term was used for financial distress occurred in 1869. The 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. In the 1950s, the term ‘Black Friday’ came into trend. The managers of factories started referring to the Friday after Thanksgiving as Black Friday because many workers would falsely call in sick to extend the holiday weekend.
About ten years later, Philadelphia traffic cops used the term to describe the day after Thanksgiving, when they had to work 12-hour shifts in terrible traffic.
Visitors flocked to the city to begin their holiday shopping, which often coincided with the annual Army-Navy football game. The term gained popularity among Philadelphia shoppers and merchants before spreading throughout the country. In the business world, ‘in the black” and “in the red” are terms used to describe profits and losses. By the 1980s, the term ‘Black Friday’ had become popularly associated with a busy shopping day.
Tips for shopping on Black Friday
To get the most out of the deal, you can follow these strategies:
- Set a Budget: Before the start of ‘Black Friday,’ set a budget you are willing to spend to avoid overspending. In this way, you will be able to manage your finances.
- Make a shopping list: To stay organized, make a shopping list ahead of the sale and do proper research on products you want to buy.
- Shop Early: Always try to start your shopping earlier or from the day the sale starts to get the most out of the deal. There are several early bird offers or online deals that start before Black Friday itself.
- Use Technology: Several apps and websites that help you to compare the deals across different retailers.
Bonus tip: If you are shifting from offline to online shopping and are new to the app, always check for exclusive offers, as many retailers provide discounts on your first purchase through their website.
