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English B1 Plus - How Did Black Friday Get Its Name

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Complete the blanks in the text with the following words: stores- accounts - retailers - invention - profit - investors Black Friday is an American 1) ___ but it’s a day that shoppers worldwide look forward to. The name however originates from a financial crisis not a shopping day. It was on a Friday in 1869 that the stock market crashed and a lot of unlucky 2) ___ went bankrupt that day. But another story links ‘Black Friday’ to 3) ___ . Accounts were kept using black and red ink. If shops were losing money all year, 4) ___ were written in red ink. However, people would start spending more money at the beginning of the festive period and retailers recorded the 5) ___ in black ink. The real story though lies with the Philadelphia Police who in the 1950s had to deal with the shoppers who flooded the city 6) ___ on the Friday before the Saturday of the Army-Navy football game. It was the Saturday after Thanksgiving but for the police it was truly a black Friday!

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