Over the years, Black Friday has become one of the most lucrative sales days of every year. Black Friday is a day in which retail businesses make a profit. It is the day after Thanksgiving Day in the United States. It’s a day when turkey-stuffed customers shop over the holiday. This shopping fest has become a huge craze thanks to Rugman.com and other online retailers. Black Friday is celebrated around the globe. Where did the term “Black Friday”, however, originate?
Origin of Black Friday
Black Friday fever is sweeping many countries around the world. Rugman.com is a retailer that offers amazing deals to rug buyers and helps them increase their sales. Black Friday is a holiday with a history, just like Halloween, McDonald’s, and Theme Parks. Black Friday’s popularity began in 1940. It has grown to be associated with the rise of major discounters in America. Rugman offers amazing discounts that allow individuals and families to get the best Black Friday deals. There are many stories about Black Friday today.
Financial Crisis
Black Friday was not used to referring to holiday shopping at the time of its first recorded usage. The term was instead used to refer to a financial crisis, or the U.S. gold market crash of September 24, 1869. Jay Gould and Jim Fisk, Wall Street Financiers bought as much gold as they could to push the price up and then sold it for incredible profits. The conspiracy unraveled that Friday, causing the stock market to fall. All Wall Street employees, including farmers and barons, were forced to declare bankruptcy.
Holiday Shopping
Black Friday is the story that gets repeated most often. Retail stores are supposed to make a profit on Thanksgiving or turn a profit after making losses or operating in the red throughout the year. This is because holiday shoppers are more likely to spend more on discounted products. Although it is possible that the story about Black Friday’s origin might not be accurate, the official sanctioning of the tradition states that retailers used to lose money in red while accounting.
It’s a horrible twist
In recent years, another story has been able to add a dark twist to the Black Friday tradition. According to the myth, slaves were purchased by owners of Southern plantations in the 1800s at discounted prices the day after Thanksgiving. This version of Black Friday’s roots has been called out for boycotting, but it isn’t based on factual facts.
Traffic Problems
Black Friday’s true story is often not bright. This term was used by the Philadelphia police in the 1950s to describe the chaos that followed Thanksgiving Day when hordes upon hordes of tourists and suburban shop owners flooded the city ahead of the Army-Navy football match that took place on Saturday. Due to increased traffic and crowds, the Philly police couldn’t take a day off. They had to work longer shifts and were unable to rest for the next day. The chaos in the shops was used by shoplifters to steal merchandise, creating a headache for law enforcement officers.
This day was popularized in Philadelphia by merchants and boosters trying unsuccessfully to call it “Big Friday”. In the 1980s, retailers devised a way to reinvent Black Friday and make it a positive day for both customers and retailers. As mentioned, Thanksgiving was a time when American stores turned profits.
Second World War
Black Friday is also used to refer to the terrible battle days of the Second World War. The term refers to the times when there were devastating bushfires in Australia, and peaceful protestors in Male, Maldive’s capital, that led to teargas being used by police to disperse the protestors. The term was first used in November 1910 to refer to peaceful protests by suffragettes who marched on Parliament and were then arrested and assaulted by police.
Black Friday today
Black Friday’s story is still a popular one, and its darker roots in Philadelphia are almost forgotten. The initial Black Friday sales bonanza, which lasted only one day, has evolved into a four-day event. It has also been adapted to other retail holidays, such as Cyber Monday and Small Business Saturday/Sunday. Black Friday was the first day that stores opened. Devoted shoppers go out immediately after Thanksgiving dinner.
Best Black Friday rug deals
Rugman offers the best Black Friday rug deals. Black Friday is the only day that we offer our customers 70% discount on all rugs they purchase from us. This is a huge discount you won’t want to miss.
Browse our selection of rugs now, and then add your favorites to your shopping cart.
