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

By Walter B. Weare

At the flip of the century, the North Carolina Mutual existence assurance corporation grew to become the "world's greatest Negro business." positioned in Durham, North Carolina, which used to be often called the "Black Wall road of America," this enterprise got here to represent the information of racial growth, self-help, and harmony in the USA. Walter B. Weare's social and highbrow background, 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 historical past of black company within the New South. Drawing on quite a lot of sources—including own papers of the company's leaders and oral heritage interviews—Weare lines the company's tale from its ideological roots within the eighteenth century to its monetary good fortune within the 20th century.

Show description

Read Online or Download Black Business in the New South: A Social History of the North Carolina Mutual Life Insurance Company PDF

Best insurance books

Islamic Insurance: A Modern Approach to Islamic Banking (Islamic Studies)

A few Muslims think assurance is mindless, as society can help its sufferers. Muslims can not forget about the truth that they stay, alternate and converse with open worldwide structures, they usually can not forget about the necessity for banking and coverage. Aly Khorshid demonstrates how preliminary clerical apprehensions have been conquer to create pioneering Muslim-friendly banking platforms, and applies the teachings learnt to a possible assurance framework through which Muslims can compete with non-Muslims in company and feature hide in lifestyle.

Annuity Markets

The Pension situation issues the altering demographic profile of extra aged and less teenagers within the economic system. realizing and tackling this drawing close problem is a key activity for public coverage. An annuity protects someone from outliving their reductions, and is imperative to pensions coverage. This booklet examines the differing kinds of annuities to be had, how those annuities are priced, the background of annuities, how annuities markets functionality: how they paintings, and are they effective.

Old-Age Security in Comparative Perspective

This paintings makes wide use of 7 well-developed old case reports describing the evolution of public old-age protection in commercial countries (Germany, uk, Sweden, and the USA) and constructing countries (Brazil, Nigeria, and India). The authors specialise in specifying contexts within which basic theoretical views can be utilized to account for those advancements.

Market-Consistent Actuarial Valuation

It's a hard activity to learn the stability sheet of an coverage corporation. This derives from the truth that varied positions are frequently measured by means of various yardsticks. resources, for instance, are in general worth industry costs while liabilities are frequently measured via tested actuarial equipment. besides the fact that, there's a basic contract that the stability sheet of an assurance corporation might be measured in a constant manner.

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

Example text

The absence of a capitalist spirit has been seen as a cultural blessing-a part of the "gift of black folks"-see Ch. 1. 24. Andrews, John Merrick, pp. 39-40. 22. 23. 38 Black Business in the New South was no simple task, and his success indicates that he had learned well the principles of business. As head barber at his Main Street shop, where he attended only to special white customers, Merrick spent a good part of his life in the company of the South's leading capitalists. Only a deaf man could have escaped the profound influence of this indirect tutelage.

Some time during 1899 the Company began to substitute the more alliterative "'The Company with a Soul and a Service" for the chartered motto, and it was the new motto that lasted and appeared on the Company letterhead for a number of years. See North Carolina Insurance Department manuscript report on the North Carolina Mutual, 1929, in the North Carolina Mutual files. 9. Private Laws of North Carolina (1899), Ch. 156, pp. 375-376. 32 Black Business in the New South a matter of political tact is also possible.

A lynch mob sacked and burned his office and then, unable to find the editor, directed its rage to the Negro community, nearly leveling it and murdering eleven black citizens. 57 Durham was by no means immune from this hysteria. The Daily Sun throughout the late summer and up until election time vilified Negroes and Republicans without regard to even the most modest journalistic restraints. Passions became so heated that a black man rumored to have been living with a white woman (allegedly the wife of a Republican) was lynched and his body left hanging along the roadside between Durham and Chapel Hill to serve as a ghastly lesson in white supremacy, a lesson which Durhamites proved they could teach as well as anyone.

Download PDF sample

Rated 4.43 of 5 – based on 12 votes