Why Is The Day After Thanksgiving Called Black Friday
Camila Farah
What s the real history of black fri.
According to the oxford english dictionary oed the day after thanksgiving has been called black friday since at least the early 1960s. In philadelphia it became customary for officers to refer to the post thanksgiving days as black friday and black saturday. Black friday as a name for the day after thanksgiving was coined by police officers in new england. This makes the thanksgiving holiday a four day.
In other words the day is the first of the year that retailers have turned a profit. Because accountants use black to signify profit when recording each day s book entries and red to indicate a loss the day became known as black friday or the day when retailers see positive earnings and profits in the black. And for retailers that means big bucks. The explanation typically given for the day s name is that it is the first day of the year that retailers are in the black as opposed to being in the red.
Some explanations of black friday claim that the holiday references a 19th century term for the day after thanksgiving during which plantation owners could buy slaves at discount prices. My father once explained it to me like this. The term black friday originally referred to a day after thanksgiving sale in which slaves were sold at discounted rates. One of the earliest documented references of this was in december of 1961 where denny griswold of public relations news stated.
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Black friday the day where stores say they are slashing their prices for a limited time and consumers camp out in front of them to wait for these sales is such a uniquely american event that it.
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