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

Business Insider LogoBusiness Insider2 mo ago

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

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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Article Details

Category: Economy

Markets:

Topics:

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)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Business Insider

News ID: 1938936

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Official Website: businessinsider.com

Update Frequency: 66 posts per day

Year Established: 2007

Headquarters: United States

News Last Updated: 8 hours ago

Coverage Areas: United States

Ownership: Independent Company

Publication Timezone: GMT -5:00

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Publisher ID: #64

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