Why is it called 'Black Friday'? How the biggest shopping holiday of the year got its name

Quick Summary:

The Black Friday name comes from a late 1860s stock market crash, and now carries on to the annual shopping event the day after Thanksgiving.

Much later, in Philadelphia during the late 1950s and early 1960s, locals resurrected the term to refer to the day between Thanksgiving and the Army-Navy football game.

As a result, the stock market dropped 20%, foreign trade stopped, and farmers witnessed a huge drop in corn and wheat value.

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Category: Economy

Markets: United States

Topics: Reference Optimization Black Friday IP Deals Reviews Cyber Monday Black Friday 2022 Deals (Reviews) Reference Library Deals

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2022-11-25 @ 22:40:25 (2 months ago)

News Timezone: GMT -5:00

Ranking: #519 (out of 1845 stories this day)

News Source URL: businessinsider.com

Language: English

Article Length: 358 words

Reading Time: 2 minutes read

Sentences: 62 lines

Sentence Length: 6 words per sentence (average)

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Copyright Owner: © Business Insider

News ID: 1938936

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