Black Friday history

The story of Black Friday has evolved through the ages and is now an American tradition that is celebrated every year on the third Friday in November. Though the actual story behind the tradition is somewhat contradictory, there are still some fundamental elements that have endured throughout history.

Black Friday, which is also known as "Black Tuesday," was named after Black Monday, which was also an economic downturn, on Monday, November 3rd, 1929. While Monday, November 3rd, 1929 had no negative effects on any business, Black Friday was marked by a major economic decline which saw the unemployment rate rocket to an all-time high of over 40%. It was not until the fourth quarter of 1929 that unemployment reached a trough which it would never return to.

Since its inception, Black Friday has been marked by various celebrations, including shopping fever, which was not seen in many years. Since the 1930s, more people were forced to go out of work due to the onset of World War II. With the rise of inflation, the price of commodities also soared, resulting in shortages of products which only compounded the economic downturn. By the middle of 1940, it was apparent that the economic downfall would continue for months on end, and people were starting to panic.

Black Friday was meant to provide a measure of respite for these people, giving them an opportunity to save money and to stock up on necessities. Many businessmen also took advantage of the situation and offered cash incentives in order to lure shoppers in. The name of Black Friday was actually meant to be a tongue-twisting reference to both the rising prices and to the day when everything would finally come to a halt. In other words, Black Friday was the day when all the major items would be sold off - starting from the cheapest to the most expensive.

There are several theories about why the name was changed from "Black Monday" to "Black Friday." One of the more popular is that Black Friday was a way of promoting the sale of war bonds, since many American soldiers were forced to return home during the economic crisis, which was a major source of income for many of them.

Though Black Friday history may seem to be a complicated one, it is important to remember that it started just like every other day of the year - with families gathering around the table to discuss the day's plans for the coming week. Whether or not Black Friday history has any relevance in today's world is highly questionable, but there is no doubt that it is a day which remains a part of American history, as it is a day which celebrates a national holiday. The fact that it is a traditional holiday and not a marketing tool has also led to its longevity - a day which continues to be celebrated through the years.