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Question 22 of 50
22. Why is Black Friday called Black Friday?
In this 2009 photo, shoppers are seen at a Wal-Mart in Deptford N.J. (Matt Rourke/Reuters/File)
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Retailers operate at a financial loss during most of the year (in the red), and the busy shopping day after Thanksgiving marks the first day many of them operate at a profit (in the black). |
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The term was coined by Philadelphia police officers to describe the chaos and heavy traffic that accompanied the day after Thanksgiving. |
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Named after Cornelius Black, a 19th-Century Manhattan drugstore owner who offered deep discounts on his wares the day after Thanksgiving. |
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A and B |
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A and C |
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