Black Friday is a colloquial term for the Friday following Thanksgiving Day in the United States. Many stores offer highly promoted sales on Black Friday and open very early (sometimes as early as midnight), or some time on Thanksgiving Day. Black Friday has routinely been the busiest shopping day of the year in the United States since at least 2005. Origin of the term Black Friday The earliest evidence of the phrase Black Friday originated in Philadelphia, dating back to at least 1961, where it was used by police to describe the heavy pedestrian and vehicular traffic that would occur on the day after Thanksgiving. This usage dates to at least 1961. Since early 21st century, there have been attempts by US-based retailers to introduce a retail 'Black Friday' to other countries around the world. Retailers outside the US have attempted to promote the day to remain competitive with US-based online retailers. For centuries, the adjective 'black' has been applied to days upon which calamities occurred. Many events have been described as 'Black Friday', although the most significant such event in American history was the Panic of 1869, which occurred when financiers Jay Gould and James Fisk took advantage of their connections with the Grant Administration in an attempt to corner the gold market. When President Grant learned of this manipulation, he ordered the Treasury to release a large supply of gold, which halted the run and caused prices to drop by eighteen percent. Fortunes were made and lost in a single day, and the president's own brother-in-law, Abel Corbin, was ruined.
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