Published: mic (November 28, 2013)
As Americans plan on observing Black Friday, it’s worth taking a few minutes to observe the origin of this infamous “holiday.”
Although the term “Black Friday” was initially coined in reference to an economic panic caused by financiers Jay Fiske and Stephen Gould on September 24, 1869, it was first used to refer to the shopping day immediately following Thanksgiving in the November 1951 issue of Factory Management and Maintenance. Even then, however, the title didn’t take off in usage for another decade, when Philadelphians in 1961 began using it to refer to the post-Thanksgiving consumer frenzy that had gripped their city. The rest, as they say, is history.