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Showing posts from November 22, 2009

The History of Black Friday

For the past couple of weeks, the media and retailers have been promoting "Black Friday." This is the day after Thanksgiving when stores supposedly slash their prices to give customers great deals leading into Christmas.

What I find interesting is that the word "black" is used. Now I understand black is used to indicate financial profits while red reflects financial losses but how many people know that "Black Friday" started out as a negative?

Originally, September 24, 1869 was deemed Black Friday; a day of stock market catastrophe. In the 1960's, the Philadelphia Police Dept. used the term "Black Friday" to refer to the massive traffic jams and over-crowded sidewalks as the downtown stores were mobbed from opening to closing. Police officers were not happy about the fact that they would have to "protect and serve" these shopaholics.

Many merchants objected to the use of a negative term to refer to one of the most important shopp…