The Origin Of Black Friday : The History Of Black Friday

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To better understand how Thanksgiving Day as well as the entire weekend are connected with shopping, it is necessary to define the days as well as look into the history of the days that embody the holiday weekend. “In the United States, Thanksgiving or Thanksgiving Day is a public holiday on the fourth Thursday in November. On this day, people remember the first American thanksgiving, when the first European settlers had been taught how to grow food by the Native Americans, and they celebrated the successful harvest together” (Collins Dictionary). Thanksgiving Day in the United States is also a day for feasting, football, and spending time with family and friends.

Black Friday has several stories of the phrase’s origin, only one of these origin stories is actually true. The most common story of the phrase Black Friday’s origin is that for the majority of the year, January through November, retailers traditionally operate at a financial loss and made a majority of their profit for the year during the holiday season, starting at the day after Thanksgiving Day. When recorded in financial statements, accounting practices used red ink to display negative amounts and positive amounts with black ink. Thus, Black Friday is the beginning of the period when businesses, mostly retail, would take in profits instead of losses for the year.

The earliest report of the “black in theory” was used in the November 28, 1981 edition of Philadelphia Inquirer (Business

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