Download Black Business in the New South: A Social History of the by Walter B. Weare PDF

By Walter B. Weare

ISBN-10: 0822313383

ISBN-13: 9780822313380

At the flip of the century, the North Carolina Mutual lifestyles assurance corporation grew to become the "world's biggest Negro business." situated in Durham, North Carolina, which was once referred to as the "Black Wall highway of America," this company got here to represent the guidelines of racial growth, self-help, and cohesion in the US. Walter B. Weare's social and highbrow historical past, initially released in 1973 (University of Illinois Press) and up to date the following to incorporate a brand new advent, nonetheless stands because the definitive heritage of black enterprise within the New South. Drawing on a variety of sources—including own papers of the company's leaders and oral historical past interviews—Weare strains the company's tale from its ideological roots within the eighteenth century to its financial luck within the 20th century.

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Additional resources for Black Business in the New South: A Social History of the North Carolina Mutual Life Insurance Company

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48 Du Bois grew increasingly restive, however, under Booker T. Washington's uncritical "gospel of Work and Money," and in his Souls of Black Folk he took the lead in resisting the crassness of the white business-oriented culture that Washington accepted. He idealized, instead, the Christ-like character of the black man as a refreshing counterimage to that of the cunning Caucasian. "49 But Washington's gospel carried the day. As Du Bois clearly understood, "the ascendancy of Booker T. Washington" came at a time "when the nation ...

70 In this struggle Durham Negroes witnessed the accumulation of one of the great American fortunes. "72 Almost as if trying to compensate for her lack of history, Durham expressed a fervent New South nationalism. This industrial 70. , February 14, 1968. Pearson, a black attorney, and Dixon, a white newspaperman, are both longtime Durham residents whose memories stretch back to the nineteenth century. Dixon possesses a valuable file of clippings which reveal the temper of early Durham. 71. Quoted in Comer Vann Woodward, Origins of the New South, 187719 1 3, (Baton Rouge: Louisiana State University Press, 1951), p.

The judgment has a completeness that suggests reliability. According to the Whetstone Merrick, cCpossessing a desire . . "22 Forces in the black world alone are adequate to explain the origins of the Mutual and much of Merrick's motivation. The quest for survival as a young ex-slave, pushing his way from bootblack to barber, constitutes the formative experience of Merrick the black businessman. But outside white influence undoubtedly accounts for his uconfidence"-his entrepreneurial outlook after survival.

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