20th century insurance - from this
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Charles Clinton Spaulding and Maggie Lena Walker built operations that supported and strengthened the communities around them. In this highly segregated era, leaders like Charles Clinton Spaulding and Maggie Lena Walker created and ran 20th century insurance regional, national, and international corporations that employed and served the Black community in unique ways. The authors, two business historians, describe these leaders and show the ways in which the theme of social support runs throughout their work.
Deeply rooted systemic prejudices meant that these individuals and their thinking were omitted from most textbooks, leadership workshops, and from public consciousness. University of Texas business historian Dr. Juliet E. Walker was the first 20th century insurance name the period from to in the United States the golden age of Black Business.
She observed that many companies owned by Black entrepreneurs which primarily served Black customers thrived in a country starkly divided along racial lines. These companies included not only small local shops but also cenfury with regional, national, and international reach such as insurance companies, financial institutions, manufacturing companies, and beauty enterprises.
By recruiting and training sales agents she created almost 75, jobs mostly held by Black women and women of color. As we studied the owners and executives of these companies, we noticed a pattern in their management philosophies and actions: a love of community that loomed large and permeated their business. As we describe in our recent bookmany Black business pioneers built their businesses in ways that supported and https://digitales.com.au/blog/wp-content/custom/japan-s-impact-on-japan/emily-prentiss-boots.php 20th century insurance people around them: employees, customers, and local communities.
That these efforts were needed at all was a reflection on the failure of the US government as well as white-led corporations in the wake of slavery and reconstruction.
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Rampant racial discrimination led to unemployment and underemployment. Blacks were less likely to be hired except for marginalized jobs and more likely to be fired, often insurwnce make room for white applicants. Enterprising African Americans filled the void by engaging in their own social sustainability efforts to ensure community wellbeing.]
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