Sunday, November 10, 2013

The Origins Of Black Friday

As "Black Friday" is getting closer and closer, I got curious on the origin of this day. I looked around online and found some interesting explanations. Here is a quick summary of what I found. You can follow the links, if you want to go into more details.

What is "Black Friday"?

 According to Wikipedia, Black Friday is the Friday following Thanksgiving Day in the United States, often regarded as the beginning of the Christmas shopping season.

Why "Black Friday"?

 I found several explanations of the term. Here are the most interesting explanations:
  1.  Philadelphia police and bus drivers call it "Black Friday" – that day each year between Thanksgiving Day and the Army–Navy Game, due to the massive traffic jams and over-crowded sidewalks as the downtown stores are mobbed from opening to closing.
  2. Once-common accounting practices would use red ink to show negative amounts and black ink to show positive amounts. Black Friday, under this theory, is the beginning of the period when retailers would no longer have losses (the red) and instead take in the year's profits (the black).
  3. In the 1950s, some factory managers referred to the day after Thanksgiving as "black Friday" because so many workers called in sick. The day, noted one industrial magazine, was "a disease second only to the bubonic plague" in its effects on employees.
 So, as "Black Friday", is just around the corner, I have a few advices for you:
  • Black Friday means big discounts, so the temptation to buy stuff you did not plan will be big - make a list of things you want/need and stick to it
  • stay safe - Wikipedia lists a lot of violent acts during Black Friday
  • take the opportunity and buy during Black Friday the gifts you plan to give for Christmas

That's it for today, and, as always, keep your finances under control with Troosby!


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