African-American Business History
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African-American Business History
In the US, Black-owned businesses (or Black businesses), also known as African American businesses, originated in the days of slavery before 1865. Emancipation and civil rights permitted businessmen to operate inside the American legal structure starting in the Reconstruction era, Reconstruction Era (1863–77) and afterwards. By the 1890s, thousands of small business operations had opened in urban areas. The most rapid growth came in the early 20th century, as the increasingly rigid Jim Crow laws, Jim Crow system of segregation moved urban Blacks into a community large enough to support a business establishment. The National Negro Business League—which Booker T. Washington, college president, promoted—opened over 600 chapters. It reached every city with a significant Black population. African-Americans have operated virtually every kind of company, but some of the most prominent Black-owned businesses have been insurance companies including North Carolina Mutual Life Insura ...
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Reconstruction Era
The Reconstruction era was a period in American history following the American Civil War (1861–1865) and lasting until approximately the Compromise of 1877. During Reconstruction, attempts were made to rebuild the country after the bloody Civil War, bring the former Confederate states back into the United States, and to redress the political, social, and economic legacies of slavery. During the era, Congress abolished slavery, ended the remnants of Confederate secession in the South, and passed the 13th, 14th, and 15th Amendments to the Constitution (the Reconstruction Amendments) ostensibly guaranteeing the newly freed slaves (freedmen) the same civil rights as those of whites. Following a year of violent attacks against Blacks in the South, in 1866 Congress federalized the protection of civil rights, and placed formerly secessionist states under the control of the U.S. military, requiring ex-Confederate states to adopt guarantees for the civil rights of fre ...
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