What is Black Friday? Know its Importance And Significance

What is Black Friday 2022

Black Friday. Every year the last Friday of November is celebrated as Black Friday. According to the year this year i.e. in 2022 this day is being celebrated today, November 25.

This day is celebrated the day after ‘Thanksgiving Day’ in the United States. Black Friday is a day in the United States where people go shopping like crazy. Because, this Black Friday marks the start of America’s Christmas shopping season. Although this day was first celebrated in 1952, the name Black Friday remained unknown to everyone for decades.

Black Friday Naming History

Black Friday sounds like an ominous day. But, actually it is not. It is a very auspicious and much awaited day for the people of America. The term originated in Philadelphia in 1961. Since then, this busy shopping day has come to be known as such.

According to the legend of the Philadelphia Police Department, the day after Thanksgiving was called Black Friday. Because, on this day in the United States, the most transactions of the year were held and football games were held. As a result, the streets of the city were crowded with heavy traffic jams. The police of Philadelphia had to be very fast to handle the gathering of so many people and the traffic. Since then, the police in Philadelphia named this day Black Friday.

The New York Times on November 29, 1975 referred to the day as ‘the busiest shopping and traffic day of the year’.

Black Friday Significance

The year is 1869. America was going through a terrible economic depression. To get out of that economic depression, traders think of a day in the business sector and decide to discount more amount on that day. It is also reflected in reality. So, this Black Friday is a much awaited day for the people of America.

On this day American traders sell their products at attractive discounts. As a result, more than half of the annual sales volume in the United States takes place on this one day. Initially the stores opened at 6 am. However, later more than 2,000 stores opened between 4 am and 5 am. In 2011, many popular shops opened at midnight. This was for the first time, where shops were opened at midnight for customers to buy goods. On this day, there is so much buying and selling in the whole of America that the index of the American economy jumps a lot.

Although Black Friday is not a public holiday, it is considered a holiday for state employees in some parts of the United States, including California. Some schools and offices even declare holidays on Black Friday and Thanksgiving Day.

It has been the busiest shopping day of the year in the United States since 2005. Lots of common people visit the stores on this day to buy the best things at low prices. According to a 2006 report, about 12 people died and 118 were injured.

Traders who are tired of writing the amount of loss or balance in red ink throughout the year do not get the total by writing the profit amount on this day in black ink. Small, medium to big business, the Lakshmi of profit comes to everyone’s home. So the name of today’s day Black Friday may be appropriate somewhere. Because the profit figure is calculated in ‘red’ and not in ‘black’.

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