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I always assumed this was a tongue-in-cheek reference to the 1929 market crash and subsequent events. Taken to mean “this is going to be a really stressful day
by highwaylights 4y ago
I always assumed this was a tongue-in-cheek reference to the 1929 market crash and subsequent events.
Taken to mean “this is going to be a really stressful day”. Probably utterly not at all that though.
- IIAOPSW 4y agoThe real answer is that financial ledgers used to use black ink for positive numbers and red for negative, hence the terminology "in the red"/"in the black" to mean an enterprise is in debt or profitable. Black Friday was the day of the year where every department store would have so much business that it put them "in the black", even if they had just spent the entire previous part of the year "in the red".
- chrisbaker98 4y agoThat's a good story, but according to Wikipedia this etymology was invented after the fact and isn't the real origin of the term (which is somewhat obscure.)
- bregma 4y ago...and which pen is used in an accounting ledger at certain times of year is not obscure?
- chrisbaker98 4y agoI don't get what you're saying. It's not obscure at all that black ink denotes profits and red ink denotes losses - "in the black" and "in the red" are well-understood English phrases. All I'm saying is that this particular meaning of black/red doesn't appear to be the origins of the name "black Friday", at least according to Wikipedia, but I really don't care about this enough to investigate any further.
- idontpost 4y ago