The Demise of America’s Onetime Capital of Black Wealth

Norge Nyheter Nyheter

The Demise of America’s Onetime Capital of Black Wealth
Norge Siste Nytt,Norge Overskrifter
  • 📰 politico
  • ⏱ Reading Time:
  • 72 sec. here
  • 3 min. at publisher
  • 📊 Quality Score:
  • News: 32%
  • Publisher: 59%

Chicago was once known for its power marriage of Black business and politics. Today, many Black-owned companies have shuttered, dramatically changing the city's landscape.

helping the program rapidly grow from a local TV show here to a nationally syndicated cultural icon in the ’70s. Filling in the gaps between these businesses were Black-owned clothing stores, insurance companies, restaurants, gas stations and more.

Washington’s fundraising chief was Al Johnson, whose Al Johnson Cadillac was the country’s first Black-owned Cadillac dealership when it opened in 1971. A media campaign encouraging Black voter registration — “Come Alive October 5” — helped sweep Washington into office. “I said, ‘I gotta get there.’ There was something about seeing all these beautiful Black people walking down the street on Michigan Avenue, owning businesses and dressed fly as can be,” said King, who is now a partner at the Black-owned Chicago law firm Dillard & King.

“I have become resigned to the fact that we are living through the Great Exodus,” Jackson said. “And we are going to be like the Native American: at a place where [people will say], ‘Remember when the Black people used to be here?’”any historic Black businesses were born of a time when white-owned businesses would refuse to serve — or even recognize — Black customers.But John H. Johnson’s Johnson Publishing Co. was an outlier.

But today, the historic tower is a rental apartment building. Johnson Publishing went out of business in 2012 after years of decline. And its trademark Ebony and Jet magazines are published digitally only, and by a different, much smaller Black owned company based in Louisville, Ky.ruth is, things are tough all over for legacy companies — an important thing to keep in mind as we consider the loss of these Black-owned stalwarts.

Vi har oppsummert denne nyheten slik at du kan lese den raskt. Er du interessert i nyhetene kan du lese hele teksten her. Les mer:

politico /  🏆 381. in US

Norge Siste Nytt, Norge Overskrifter

Similar News:Du kan også lese nyheter som ligner på denne som vi har samlet inn fra andre nyhetskilder.

When Black children are raised by relatives, resources are hard to findWhen Black children are raised by relatives, resources are hard to findAn estimated 2.6 million children are growing up in grandfamilies or kinship families. A new report says these families are excluded from financial aid and helpful policies.
Les mer »

Black councilman nudges Portland center on post-protest pathBlack councilman nudges Portland center on post-protest pathOregon’s largest city was at the center of the nation's progressive push to cut police budgets amid the outrage that swept the nation after the murder of George Floyd.
Les mer »

Black People Use Facebook More Than Anyone - Now They're LeavingBlack People Use Facebook More Than Anyone - Now They're LeavingBlack people produce and share substantially more content than other groups on Facebook and while Facebook Stories has low usage in the majority of the U.S. it has “clusters of intense production” in places with a high concentration of African Americans such as the arc in the Southeast known as the Black Belt, Facebook research found.
Les mer »

Tracee Ellis Ross Reveals Her Favorite 'Black-ish' MomentsTracee Ellis Ross Reveals Her Favorite 'Black-ish' MomentsThe TV star got a bit emotional talking about what she'll miss the most from the hit ABC show.
Les mer »

New Fiction, Old Reality: It's Time We Pay Attention to the Pandemic Struggles of Black WomenNew Fiction, Old Reality: It's Time We Pay Attention to the Pandemic Struggles of Black WomenFox's Our Kind of People makes audiences rethink their perception of Black workers, drawing attention to problems that the government has long tried to ignore.Black women have not been able to bounce back from their steep unemployment loss that the pandemic generated in 2020.
Les mer »

Black Lives Matter LA Stands with Jussie Smollett Despite Hoax Hate Crime VerdictBlack Lives Matter LA Stands with Jussie Smollett Despite Hoax Hate Crime VerdictBlack Lives Matter LA is standing with Jussie Smollett even though he was found guilty of lying to police in hate crime hoax.
Les mer »



Render Time: 2025-03-26 07:18:46