Black Friday History Myths and Facts
Detailed Article on Black Friday History Myths and Facts, The True Facts You Needed To Know & The Real Root Of Black Friday, Thanksgiving Day.
It is of no more News that Black Friday is the Friday after the Thanksgiving Day, It’s one of the Days that is highly anticipated and celebrated in the United States, Though the trends has dampens across Major Continents in the world.
Even though Black Friday is not given as an official holidays in US, We still have self-employed people that devotes all the 24 hours on finding the best offer they can go for, In California Black Friday is denoted as an holiday for state government employees although not for retailers.
Since 2005 shopping history, Black Friday served the deadliest / busiest shopping day across major online stores / e-commerce sites like Amazon, Walmart, Ali-express and Major shopping stores in the world. September 24, 1869.
If However we hear the name ‘Black Friday’ It’s originated from a Catastrophe in America, this happens when two notorious Wall Street Financiers Jay Gould and James Fisk hooked up and made an on-set plan to Buy Up Golds and Later Re-Sell at an Higher Price, This was backed up by Grant Administration, After President Grant heard this, He calls for a massive supply of Gold which altered the plans and led most people to Bankruptcy and Real Gold Owners became Farmers Likewise President Grant Brother In Law Abel Corbin.
Apart from the above history, Recent myths tells that southern plantation owners buys Slaves at a discounted price after the thanksgiving date which normally falls between November 23 to November 29.
BLACK FRIDAY HISTORY
In United States, The Day After Thanksgiving Day is given as an official holiday in 24 Major Cities in USA, this includes Michigan, California, Texas, Oklahoma, Winconsin & Other Cities, Black Friday is the gets popular gets populous in the United States after it ranked the most busiest day in 2005, though it ranked 2nd in the preceding year (2004).
In Canada, the day after Thanksgiving Day as always been a cross border day for most people in Late Ontario, as shoppers gives in for the populous event in United States, Due to stronger Canadian Dollar then, But when it came to 2008, the exchange rate of Canadian Dollar to US Dollars became equals, this forced retailers to Black Friday of their own and attracting shoppers to stay in the country
In United Kingdom, the term Black Friday is gotten within the Police and NHMs, named after the day before Christmas due to massive people gushing out probably because of Christmas Gifts And Drinks, It had always been a work overload day where emergency services activated
WHY BLACK FRIDAY BECAME POPULAR
Asides the massive discount on the Black Friday Day, People tends to see this event as an opportunity to get Products at a cheaper price and sell later at an higher rate.
Many had made fortunes with the plan where retailers have to shop massively on Major Stores and then resell for a price that calls out the profit, Apart from this, People don’t really have to wait for Halloween time to get products cheaper again they prefer Getting what Is needed on the Black Friday Night.
As more people are getting used to the Day, Over $5B spent on Amazon in 2016 on the Black Friday, We all prefer to shop online rather than waking up as early as 5am to queue for Black Friday Deals, Each shopping sites release their black friday offers and ads before the black friday, Apart US, UK, Canada, Mexico & Philippines, Black Friday have never stop to cease in Africa, this includes Jumia Nigeria which brought the fortune across Eastern & Western Africa, Most Asia Countries participates as well, Reports says that the best selling products on Black Friday are Electronics, Fashions & Toys.
Avid shoppers look forward to Black Friday with the same enthusiasm lifelong hunters bring to the first day of deer season. They start making their plans weeks before the big day, poring through online circulars, making a shopping list and mapping out the best strategy. Whether they brave the crowds on their own or work as a team, smart shoppers know that there are bargains to be had on what has become the unofficial start of the holiday shopping season.
The day after Thanksgiving has become so important that many businesses and government agencies give their workers an extra day off, extending the holiday break from a single day to four. That extra day off does not apply to those in the retail industry, of course. Retail workers put in long hours, starting on Thanksgiving night and extending long into the next night.
Even the most experienced Black Friday shopper may not know the full history of this unofficial holiday, or even where it gets its name. The name “Black Friday” dates back to the old days, when store ledgers were kept not in computers but in paper books. Back then, accountants used red ink to signify losses and black ink to represent gains. Since the holiday season plays such an important role in the profitability of retail businesses, the day after Thanksgiving was often the day the ink in the ledger switched from red to black.
Historians often cite 1924 as the unofficial start of the modern Black Friday phenomenon. It was that year that Macy’s began its annual Thanksgiving parade tradition. The iconic retailer opened its doors early the next day and invited shoppers to get a head start on their Christmas shopping. The rest, as they say, is history.
The day after Thanksgiving has become so important for businesses and shoppers for Christmas shopping