Why Is The Day After Thanksgiving Called Black Friday
Camila Farah
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. In philadelphia it became customary for officers to refer to the post thanksgiving days as black friday and black saturday. 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. What s the real history of black fri.
The term black friday originally referred to a day after thanksgiving sale in which slaves were sold at discounted rates. It s that increase in revenues and for most retailers the first time to turn a. And for retailers that means big bucks. The term black friday can be traced back to the 1860s but it was never used to describe a day after thanksgiving sale on enslaved african americans.
This makes the thanksgiving holiday a four day. My father once explained it to me like this. Stores that usually had bad sales were described as being in the red if you had good sales you wanted to be in the black but actually that s not entirely right. While stores typically open in the wee hours of the morning on the day after thanksgiving known as black friday openings have crept earlier and earlier over the past few years.
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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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