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The discriminatory lending practices of white-controlled banks often inspired pioneering Black businesses such as Chicago Met to raise operating and investment capital from less conventional sources such as gambling winnings. These companies were critical to economic development within Black communities. By providing white-collar jobs to men and women who were otherwise deThe discriminatory lending practices of white-controlled banks often inspired pioneering Black businesses such as Chicago Met to raise operating and investment capital from less conventional sources such as gambling winnings. These companies were critical to economic development within Black communities. By providing white-collar jobs to men and women who were otherwise denied access to such opportunities, and by helping to create a Black bourgeois class and culture. Black businesses exemplified self-help ideology and nationalist inclinations in Black working-class communities of the urban North....

Title : Black Business in the Black Metropolis: The Chicago Metropolitan Assurance Company, 1925-1985
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ISBN : 9780253330253
Format Type : Hardcover
Number of Pages : 158 Pages
Status : Available For Download
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