Did You Know Black Friday Stemmed From Slavery?
The Hoax: Did You Know Black Friday Stemmed From Slavery?
DID YOU KNOW: Black Friday stemmed from slavery? It was the day after Thanksgiving when slave traders would sell slaves for a discount to assist plantation owners with more helpers for the upcoming winter (for cutting and stacking fire wood, winterproofing etc.), hence the name," read the graphic, complete with an illustration of a slave auction.
What is Black Friday?
Black Friday is the name given to the shopping day after Thanksgiving in the United States. The name originated in Philadelphia, where it originally was used to describe the heavy and disruptive pedestrian and vehicle traffic that would occur on the day after Thanksgiving. Use of the term started before 1961 and began to see broader use outside Philadelphia around 1975.
Later an alternative explanation was made that retailers traditionally operated at a financial loss ("in the red") from January through November, and "Black Friday" indicates the point at which retailers begin to turn a profit, or "in the black"
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