Book description
At the turn of the century, the North Carolina Mutual Life Insurance Company became the "world's largest Negro business." Located in Durham, North Carolina, which was known as the "Black Wall Street of America," this business came to symbolize the ideas of racial progress, self-help, and solidarity in America. Walter…
Why read it?
1 author picked Black Business In The New South as one of their favorite books. Why do they recommend it?
Black Business in the New South provides a detailed examination of North Carolina Mutual, the largest African-American-owned insurance company.
Among other things, Weare’s analysis includes a cogent assessment of how black-owned companies, in all industries, compared to their white counterparts. He asserts that African American enterprises, historically, have been economically backward and socially advanced.
Specifically, for a variety of reasons, the profits of black enterprises tend to be smaller than their white counterparts. However, in the realm of corporate social responsibility, black companies have been more community-minded than white companies.
On a personal note, this book served as a…
From Robert's list on African American business history.
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