The Black Friday was originally referred to the event of the stock market collapse in September 24, 1869. It was that fateful day when the market crashed owing to the foul attempt of cornering the gold market. But a completely opposite context wherein the term Black Friday is used, is the period just after Thanksgiving Day and before Christmas, a particular day which marks the opening of the winter shopping season in the U.S. This day experiences all shopping centers opening in the early hours of morning to close down late night.
This was observed in Philadelphia first where the retailers offered good discounts and recorded highest profits during that phase of the year. Soon this became a trend for the retailers as well as the common people. It basically refers to a mass shopping day and is used in a positive way marking high earnings for the retailers. The shopkeepers plan the promotional sales in advance with the large number of people recording it as the busiest days for shopping. It has on record been the most successful days to make profits in the holiday shopping season.
People take leaves and plan this day in advance to receive some good deals and discounts with the kind of shopping they desire. This is a contrasting situation which uses the term black Friday and makes it forget the awful memories of the once experienced financial depression. The term black in this context refers to the unfavorable and grave dip that the stock market experienced but the popularity of this event has given the same use of the phrase Black Friday to this mass shopping event.
The U.S financial structure gets a boost with this mass shopping spree launched on this day. No one wishes to work on this day and everyone wants to just shop at the best outlets. Wal-Mart, Target, Kohl’s, Macy’s Beal’s etc. are all the providers of such shopping sprees on Black Friday. Use sources like these to shop the best you can in the entire year, with such deals, rates and products not being available all throughout the year.
Other Black events
After the coining of the phrase ‘Black Friday’ many disastrous events followed earning the same title. October 29, 1929 was one such event that was also called the Great depression. It was the time where the U.S again suffered a financial hit which also affected the other nations severely that were participating stake holders of the states.
Significance and Memory
Black Friday is synonymous to any negative event in general but this similar comparison of the term to the shopping bonanza has changed the way people look at it in the U.S today. Everyone indulges in some satisfying shopping at affordable rates. The pleasing deals being made available by the shopkeepers show their excitement with this day giving a boost to their business. The term is used to describe the day the retailers start turning profits to be mentioned in black in the accounting books.
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