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What is the origin of Black Friday?

What is the origin of Black Friday?


What is the origin of Black Friday?

Black Friday was neither religious nor meant to invoke evil on muslims. Afterall, as a Muslim, I care less about the word Friday but Jumu’at. Friday could even be attributed to an idolized icon, yet some will tow the matter on their head and attach meaning to some meaningless events. Who told Kano Hisbah that Friday is a holy day for Muslims???

What is the origin of Black Friday? 1

It is high time we make research on an issue before suffering English and wasting Letterhead papers. Attaching meanings to Black Friday, Freaky Friday is non of my concern. The name Friday comes from the Old English Frīġedæġ, meaning the “day of Frige”, a result of an old convention associating the Germanic goddess Frigg with the Roman goddess Venus, with whom the day is associated in many different cultures.

In 1869, two financiers on Wall Street called Jim Fisk and Jay Gould bought a huge amount of gold in the hope of the value soaring dramatically. They were then planning on selling it for a huge profit but before they could, the gold market crashed in the US and the men lost it all. The fateful event was called ‘Black Friday’ as at the time, catastrophic days were referred to as ‘black’.

It wasn’t until the 1950s that the phrase was used in relation to shopping, so this is when the origin of Black Friday really started. November 27, Black Friday, come in the days following the American holiday of Thanksgiving. At sometime, huge crowds of shoppers and shop-lifters, tourists and pretty much every other type of person used to come into the city on this day for the Army-Navy football game. The crowds would create absolute chaos and because of it, all police officers had to work for long hours that day to try and control the hoards of people.

They used the phrase ‘Black Friday’ to refer to this difficult day. But it was bad for advertising for the city, so some tried to change it to ‘Big Friday’. Not quite as catchy, we have to admit.

By the end of 1980s, all across America, ‘Black Friday’ was commonly used to refer to the sales (and masses of people who went to them) that took place around November 27 after the Thanksgiving holiday. This is also because it refers to retailers, who profited greatly over that one weekend, having profits or otherwise being “in the black”. This phrase comes from how accountants used black ink to denote profits in their books, as opposed to red ink which was used to record losses.

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