What Does Black Friday Mean - All You Need To Know In 2022

The day following the US holiday of Thanksgiving, which is recognised as the start of the Christmas shopping season and on which merchants offer numerous special deals.

The best day to find excellent discounts on almost any merchandise is Black Friday, both online and in physical places. 

Mattresses, laptops, TVs, clothes, kitchenware, and other items are marked down to record-low prices, frequently with extremely limited supply. Deals frequently last all the way through Cyber Monday and beyond.

Have you ever wondered, though, how the moniker for the holiday shopping bonanza came about?

There is a common misconception that stores would transition from operating at a loss or being "in the red" to making a profit or being "in the black" on the day after Thanksgiving, hence the name "Black Friday." Though technically correct, the term's origins are a little bit shadier.

Why is Black Friday called that?

When two investors, Jay Gould and Jim Fisk, inflated the price of gold in order to precipitate a market crash in 1869, the phrase "Black Friday" was first used. 

As a result, the stock market fell 20%, foreign trade ceased, and farmers saw a sharp decline in the value of their maize and wheat crops.

Many years later, Philadelphians revived the phrase to describe the day between Thanksgiving and the Army-Navy football game in the late 1950s and early 1960s. 

Massive throngs of tourists and shoppers would be attracted by the event, placing a heavy burden on the ability of the local police enforcement to maintain order.

It wasn't until the late 1980s that the phrase started to be used interchangeably with shopping. Retailers updated the "Black Friday