Julius Sello Malema, the leader of Economic Freedom Fighters, an opposition political party in South Africa has dissuaded Africans from taking part in “Black Friday” saying that it started as an auction to sell blacks.

#Black Friday was an auction of selling black slaves after a thanksgiving half Price

#Dont embrace Nonsense

Image may contain: one or more people
Image may contain: one or more people

Meanwhile, The Telegraph notes that the term “Black Friday” was actually first associated with a financial crisis, not sales shopping as is the case these days. The publication added:

Two Wall Street financiers Jim Fisk and Jay Gould, together bought a significant amount of US gold in the hope of the overall price soaring and in turn being able to sell it for huge profits.

On Friday, September 24 1869, in what became referred to as “Black Friday”, the US gold market crashed and Fisk and Gould’s actions left Wall Street barons bankrupt.

It was not until later years that the post-Thanksgiving period became associated with the name.

The publication acknowledges that there is a theory suggesting that Southern plantation owners could buy slaves at a discounted price following Thanksgiving in the 1800s. This could be the theory which Malema believes to be the origins of Black Friday.

Meanwhile, Wikipedia observes that the earliest evidence of the phrase Black Fridayapplied to the day after Thanksgiving in a shopping context suggests that the term originated in Philadelphia, where it was used to describe the heavy and disruptive pedestrian and vehicle traffic that would occur on the day after Thanksgiving.

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