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Booker T. Washington founds the National Negro Business League in Boston. It becomes the largest Black trade association.
1900 (Aug 23)
The National Negro Business League, sponsored by Booker T. Washington, formed in Boston. More than four hundred delegates from thirty-four states had answered Washington's call to stimulate Black businesses. Washington himself was elected the first president of the organization, and after only one year of the league's existence, he reported a large number of new Black businesses. By 1907, the national organization had 320 branches. Though service-oriented businesses were the most numerous, Blacks engaged in various types and sizes of business enterprises. The North Carolina Mutual Insurance Company, founded in 1898, became the largest Black-owned firm.
References:
- • Hornsby, Alton. Chronology of African-American History: Significant Events and People from 1619 to the Present. Detroit: Gale Research, 1995.