Who Founded Black Friday? – Phase 1 of Evolution
Actually, nobody founded Black Friday.
It’s like an evolution of an idea, which is getting bigger and bigger in the 21st century with the help of the Internet and Social media channels (Like Facebook, YouTube, and Twitter).
For the first time, the idea came out during the Panic of 1869.
That year, two persons named Jay Gould and James Fisk tried to corner the gold market using their connections with Grant Administration.
Their attempt led the gold market to a huge crash of 18 percent.
Although back then, its concept was quite different from the present time.
[Fact: Each Year Black Friday Falls On The First Friday After Thanksgiving]
Who Founded Black Friday? – Phase 2 of Evolution
In 1952, the term ‘Black Friday’ became quite popular because the police of Philadelphia and Rochester started using it to describe the massive crowd and traffic jams during the days of Christmas shopping (After Thanksgiving).
In 1961, the local administrations tried to rename it “Big Friday” instead of using the “Black Friday” term. Because “Black” is often used to describe negative events.
However, the term “Big Friday” was soon forgotten.
On November 29th, 1975, the famous American Newspaper The New York Times, first time published an article on Black Friday referring it as “the busiest shopping and traffic day of the year” in Philadelphia.
Since 1980, the term widely spread in the United States, although tried many times to change the name; but all failed.
In the 21st century, with the help of Social Media, “Black Friday” has become an immensely popular concept among shoppers as well as sellers.
Not only in the United States, but all over the world, Black Friday is the greatest day for shopping and selling. Small, medium and large businesses use this opportunity to maximize their profits.
[Do You Know? “Black” Is Primarily Used Describe Calamities Or Unwanted Events. But When We Say “Black Friday”, Here “Black” Consists of Massive Sales & Massive Profit]