By W. Sherman Rogers
ISBN-10: 0313351112
ISBN-13: 9780313351112
African American entrepreneurship has been an essential component of the yank economic system because the 1600s. at the eve of the Civil battle, the collective wealth of loose blacks was once nearly $50 million. In 2006, African american citizens earned a whopping $744 billion, a determine that exceeds the gross family fabricated from all yet 15 countries of the 192 self sustaining international locations on the earth. As W. Sherman Rogers so ably demonstrates, African american citizens have accomplished those financial earnings below tough conditions. Slavery, segregation, and legally restricted entry to estate, schooling, and different possibilities have taken a heavy toll, even to today. in addition to offering a penetrating glimpse into the realm of black entrepreneurship either prior and current, this publication urges African americans to achieve monetary independence as marketers. enterprise possession, Rogers argues, will convey defense, wealth that may be handed to successive generations, and informed offspring with a lot better incomes power.The African American Entreprenuer: Then and Now explores the decrease financial prestige of black americans in gentle of America's legacy of slavery, segregation, and rampant discrimination. Its major function is to polish a gentle at the criminal, old, sociological and political components that jointly aid to give an explanation for the industrial situation of black humans in the United States from their arrival in the US to the current. within the procedure, the publication spotlights the various extraordinary breakthroughs made by means of black marketers even earlier than the Civil struggle and Emancipation. Profiles of commercial humans from the Post-civil battle interval via this present day contain Booker T. Washington, pioneer banker and insurer A.G. Gaston, hair care entrepreneur Madame C.J. Walker, Ebony writer John H. Johnson, Black leisure tv founder Robert L. Johnson, writer Earl Graves, song manufacturer Damon sprint, rapper Sean Combs, former basketball stars Dave Bing and Magic Johnson, nutrients entrepreneur Michelle Hoskins, broadcast character Cathy Hughes, former Beatrice meals head Reginald Lewis, Oprah Winfrey, and lots of extra. As Rogers issues out, studying approximately notable African American marketers can motivate readers to undertake an entrepreneurial approach. To extra that target and support readers make the leap, he outlines the various talents, instruments and knowledge invaluable for company success-success which can aid chart a brand new route to prosperity for all African american citizens.
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Additional resources for The African American Entrepreneur: Then and Now
Example text
19 In the 1840s, Stephen Smith of Columbia, Pennsylvania, was one of the wealthiest black men in the country before the Civil War. He and William Whipper engaged in the coal and lumber business. Smith individually owned approximately 50 houses in the city of Philadelphia, and several more in Lancaster and Columbia, Pennsylvania. 20 Henry Boyd, who was in the manufacturing business, was born a slave in Kentucky on May 14, 1802, and learned cabinetmaking from one of his masters. In 1826, at the height of his trade, he settled in Cincinnati, formed a partnership with a white man, manufactured all types of furniture, and hired 20–50 black and white workmen.
100 The black church, however, will likely continue the trend toward opening for-profit businesses to generate additional revenues to support its social outreach programs. 102 For these and other reasons, this book strongly suggests that African Americans must attempt to become economically independent, preferably as entrepreneurs, to the greatest extent possible regardless of the likelihood of business failure. The statistics suggest that the families of entrepreneurial African Americans fare better than those who assimilate into the job structure of the dominant culture.
In contrast, the inflation adjusted wages of college graduates rose 8 percent during this general period, while the wages of male high school graduates of all ages fell by 40 percent. ”83 Capitalism for all its virtues is not a perfect system and frequently requires government intervention. For quite a few years now, markets have been largely unregulated, and while it has had its benefits, it also has drawbacks. Steven Pearlstein, writing in the Washington Post, noted that: But what Americans have also come to realize is that the same model is less adept at providing other things we value highly—things like safety, fairness, economic security, and environmental sustainability.
The African American Entrepreneur: Then and Now by W. Sherman Rogers
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