Where did the term “Black Friday” originate?

Interestingly enough, the term “Black Friday” has a completely different origin than you may think. Before Black Friday became a retail thing, it involved stocks and gold. Yes, the mineral gold.
For a basic summary of the term’s origin, we are taking it all the way back to 1869. Two Wall Street investors and financial geniuses had a plan of investment to increase their profits tremendously. They wanted to buy as much gold as they could get their hands on in order to “corner” the gold market. Their plan was to buy vast amounts of gold, to increase the value of what remained on the market, and eventually sell it back for a much higher price. Doing so resulted in a major profit gain for the two investors.
The plan began to succeed; the price of a single piece of gold increased from $100, to $141, all the way up to $160. With the rapid increase in value, their goal was to increase the price to $200, resulting in unbelievable profit gain.
Little did they know, though, that president Ulysses S. Grant had caught on to their plan. At this point, the U.S. Treasury put $4 million of gold on the market. The price of gold plummeted from $160 to $133. Although the President was able to successfully end the plan of these two men to corner the gold market, the rest of the economy was affected by this drop as well. Both the stock market and the farmer’s market plunged to disastrous lows. This day coined the term “Black Friday” and the effect on the United States economy lasted for years following.
This financial scandal was the origin of the term Black Friday. However, in a retail sense, there are other suggestions regarding where this term came from. In Philadelphia, Pennsylvania, during the 1960s, cops coined the term Black Friday to describe the congested streets with both motorists and pedestrians. Another retail meaning of the term evolves from the start of the Christmas season, also in the 1960s. Back when retail stores kept records by hand, the black ink meant profit, while red meant a loss. Following the Macy’s Thanksgiving Day Parade, vast amounts of people started their holiday shopping. More shoppers on “Black Friday” meant more profit for retailers.
Today, Black Friday thrives in America. According to blackfriday.com, 174 million Americans shopped on Black Friday weekend, and there were 13 million online transactions.
Do you have questions about your insurance? Find an insurance agent near you with our Agent Finder
Search All Blogs
Search All Blogs
Read More Blogs
Tax Prep & Protection: Ensuring Your Home Office is Fully Insured for 2026
Prepping your taxes? Don’t forget to check your home office insurance. Your standard policy might not cover your professional gear or liability.
More Than Just a Sale: The Fascinating Evolution of Presidents’ Day
Why is Presidents’ Day on a Monday? Explore the history, the politics, and the trivia behind our mid-February celebration of national leadership.
The Presidents’ Day Shutdown: Managing Risk During Holiday Closures and Sales
Closed for the holiday or open for a sale? A business guide to managing liability, employee pay, and property security during Presidents’ Day weekend.
A Presidential Legacy: Using Life Insurance to Fund Your Charitable Vision
What will your legacy be? Learn how to use life insurance to make a significant charitable impact this Presidents’ Day without depleting your current savings.
The Presidents’ Day Purchase: Navigating Insurance and Gap Coverage for Your New 2026 Vehicle
Buying a new car this Presidents’ Day? Make sure your insurance keeps up. Essential tips on Gap coverage and new vehicle replacement riders.
Water, Water Everywhere: Preparing Your Home Insurance for the Late-February Thaw
Is your basement ready for the thaw? Learn why standard home insurance doesn’t cover sump pump failure and how to add the right protection this February.
Beyond the Box of Chocolates: The Strange and Surprising History of Valentine’s Day
From Roman rituals to Victorian cards: Discover the bizarre and bloody history of how Valentine’s Day became the holiday we know today.
The Big Game Gamble: Managing Business Liability and Hosting Risks for Super Bowl LX
Is your business ready for the Big Game? Key tips on managing liquor liability, event safety, and employee productivity during Super Bowl weekend.
A Gift Beyond Roses: Why Life Insurance is the Ultimate Expression of Valentine’s Day Love
Roses fade, but financial security lasts. Discover why life insurance is the most selfless Valentine’s Day gift you can give your family this year.
The February Pothole Patrol: Navigating Winter Road Damage and Your Auto Policy
Potholes are a February tradition. Learn how your auto insurance handles wheel and suspension damage and how to file a claim for road-related hazards.
