But where did it all begin? What is The History of Black Friday?
Where it all began.
It all began in the United States of America where they celebrate Thanksgiving.
Thanksgiving as a celebration actually began as a Harvest Festival carried out by the Pilgrims after their first harvest in the New World in October 1621.
- Thanksgiving is a federal holiday in the United States, celebrated on the fourth Thursday of November. It originated as a harvest festival. Thanksgiving has been celebrated nationally on and off since 1789, with a proclamation by George Washington after a request by Congress.
- Thomas Jefferson chose not to observe the holiday, and its celebration was intermittent until the presidency of Abraham Lincoln, when Thanksgiving became a federal holiday in 1863, during the American Civil War. Lincoln proclaimed a national day of “Thanksgiving and Praise to our beneficent Father who dwelleth in the Heavens,” to be celebrated on the last Thursday in November.
- Under President Franklin D. Roosevelt, the date was changed between 1939 and 1941 amid significant controversy. From 1942 onwards, Thanksgiving has been proclaimed by Congress as being on the fourth Thursday in November.
- Thanksgiving is regarded as being the beginning of the fall–winter holiday season, along with Christmas and the New Year, in American culture.*
So Why Black Friday?
Originally any day dubbed as Black was because something bad had happened.
The term “Black Friday” was actually first associated with financial crisis, not sales shopping.
Two Wall Street financiers Jim Fisk and Jay Gould, together bought a significant amount of US gold in the hope of the overall price soaring and in turn being able to sell it for huge profits.
On Friday, September 24 1869, in what became referred to as “Black Friday”, the US gold market crashed and Fisk and Gould’s actions left Wall Street barons bankrupt.
So Why For Shopping?
Wikipedia explains it better than I can about the term being used for shopping.
For the bigger explanation go HERE!
- The earliest known use of “Black Friday” to refer to the day after Thanksgiving occurs in the journal, Factory Management and Maintenance, for November 1951, and again in 1952. Here it referred to the practice of workers calling in sick on the day after Thanksgiving, in order to have a four-day weekend.
- However, this use does not appear to have caught on. Around the same time, the terms “Black Friday” and “Black Saturday” came to be used by the police in Philadelphia and Rochester to describe the crowds and traffic congestion accompanying the start of the Christmas shopping season.
- In 1961, the city and merchants of Philadelphia attempted to improve conditions, and a public relations expert recommended rebranding the days, “Big Friday” and “Big Saturday”; but these terms were quickly forgotten.*
- Black Friday later became known in print, after an advertisement was published in The American Philatelist magazine in 1966. By the late 1980’s, the term was commonly known across the nation and retailers soon linked it to their post-Thanksgiving sales.
- Today, Black Friday is the USA’s biggest shopping event of the year, when many shops cut their prices on a range of products, in order to boost profits and officially kick off the festive season.
So what about Cyber Monday?
Cyber Monday was so called because retailers in the United States noticed that the Monday after Thanksgiving was a really busy shopping day online. So it was marketed as Cyber Monday for that reason, whereas Black Friday was originally in the real world shops then later moved online.
Both also spread over to the United Kingdom in the last few years and it has become a very big event here too.
As an online seller I became aware of it before much was known about it here, in general.
And so it came about that we ended up with an entire weekend of sales for Black Friday to Cyber Monday. The retailers were and are still delighted as they make most of their profits over this weekend and the online community of sellers can’t wait for it to arrive for the same reason.
So are the Deals Real?
A good many are. Just like anything else you have to do your research. If you are hoping to buy one or more items at a good discount then check the prices out ahead of time in various selling venues. That way you know whether your deal really is a good deal.
You need to do this offline as well as online as some so called deals are cons. But the other side of the coin is that many aren’t.
What is a Good deal?
For me, a good deal, has a chunk of money off. I don’t consider a few pounds to be a sale, let alone a good deal.
I suppose 20% is a good starter deal. Of course it does depend upon what the product is. Foe example: Apple products are rarely discounted so many would see a small discount as better than none.
Some of the deals were time limited and may not still be available.
This deal though, from Wealthy Affiliate, is one deal that runs from Black Friday to Cyber Monday, 29th November to 2nd December. It’s a deal for those wanting their own business online.
If you are interested, read all about it HERE!
I hope you enjoyed this post about the History of Black Friday, there are many more places you can read a more in depth article should you wish to.
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Any comments and questions are welcome.