DID YOU KNOW?
When people hear the term "Black Friday", it is understood to be what the day after Thanksgiving day is called and signifies the start of the holiday shopping season when various stores are "in the black" (profitable) and would, therefore, open early and offer various items for sale at discounted prices. The origin of the term and its first application was actually used to refer to the financial crisis that happened back on September 24, 1869 (which happened to fall on a Friday), when two Wall Street investors named Jay Gould and Jim Fisk drove the prices of gold up and caused a crash in the U.S. gold market.
The whole story behind "Black Friday" however, originated back in Philadelphia during the 1950s where cops would use the term to describe the chaos caused by the huge influx of shoppers and tourists in preparation for the Army-Navy football game held on that Saturday every year. Traffic was heavy and petty theft crimes were prevalent during this time. It wasn't until the late 1980s that retailers found a way to take the term "Black Friday" and bring it to a more positive light which is now the common story that people know and believe today. What started as a one-day sale eventually evolved into a four-day event and has even inspired the creation of other retail holidays such as Small Business Saturday/Sunday and Cyber Monday.