READING (B1) - Why Is The Day After Thanksgiving Called 'Black Friday'?
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In this exercise, you will read passages from two online articles about 'Black Friday' and the origins of its name. Read the text and choose the correct answers to the questions below:
BUSINESS INSIDER: [...] Most people know Black Friday as the day after Thanksgiving, when stores open early and offer various sales. These stores are often "in the black" (profitable) that day. But the true story of Black Friday is darker. The term "Black Friday" was first used on Sept. 24, 1869, when two investors, Jay Gould and Jim Fisk, drove up the price of gold and caused a crash that day. The stock market dropped 20% and foreign trade stopped. Farmers suffered a 50% dip in wheat and corn harvest value. In the 1950s, Philadelphia police used the "Black Friday" term to refer to the day between Thanksgiving and the Army-Navy game. Huge crowds of shoppers and tourists went to the city that Friday, and cops had to work long hours to cover the crowds and traffic. Merchants in the area tried to change the name to "Big Friday," but the alternative name never caught on. By the late 1980s, "Black Friday" had spread nationally with the more positive "red to black" backstory.
Thanksgiving is ...
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On Black Friday, shops usually ...
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The term 'Black Friday' was first used ...
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The origin of the name 'Black Friday' was linked ...
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Farmers ...
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In the 20th century, ...
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Police officers hated 'Black Friday' because ...
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Shopkeepers wanted to change the name of 'Black Friday', ...
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LEXICO: [...] According to the Oxford English Dictionary (OED), the day after Thanksgiving has been called Black Friday since at least the early 1960s. The explanation typically given for the day’s name is that it is the first day of the year that retailers are in the black as opposed to being in the red. In other words, the day is the first of the year that retailers have turned a profit. (The use of colors here refers back to the bookkeeping practice of recording the credit side of an account in a ledger in black ink and the debit side in red ink.) [...] However, the black ink explanation is probably not the origin of the term. The more likely story is that ‘Black Friday’ started out as a joking reference to how bad the traffic would be on this day. Due to the influx of enthusiastic shoppers into city centers, the congestion was the worst that it would be all year. Early citations in the OED indicate that the term may have originated among police officers and bus drivers, who no doubt would have dreaded this traffic-heavy day. The use of this term probably started in Philadelphia, Pennsylvania, before spreading to other areas of the country. [...] Black Friday is not the only day of the consumer shopping season to receive a special name. The Monday following Thanksgiving is known in the US as Cyber Monday, thanks to the efforts of online retailers to draw in business through similar promotional offers.
Oxford English Dictionary states that people started to call the day after Thanksgiving 'Black Friday' ...
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The word 'black' refers to the ink, ...
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Probably, 'black' refers ... as a joke.
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Police officers and bus drivers ...
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The name 'Black Friday' was first widely used ...
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Also another day around Thanksgiving got a ...
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Cyber Monday is the Monday ...
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Cyber Monday is ...
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