The Economic and Social Superiority of the Black Community of the 1950s in America - (Vid. No. 1)

2 years ago
1.85K

LINK TO BOOKS AND ARTICLES BY R. CHISM (FREE TO READ) AT ACADEMIA.EDU:

https://independent.academia.edu/ChismRonald

Pre-1960s, especially during the 1950s, economic strength, self-sufficiency and social cohesion defined Black communities all over America. As you will see in the video, the then Secretary of the Department of Commerce of the United States, Mr. Sinclair Weeks, said, in 1953:

"Today, the average Negro wage earner brings home a paycheck four times larger than the one he collected in 1939. As a whole, the Negro market has a total income of about $15 billion every year. And after taxes, Negro families still have many billions of dollars to spend. Here is a buying power that cannot help but have a tremendous effect on our national economy and on business prosperity in general. When these dollars are spent, for a wide range of goods, services, and employment, business everywhere is bound to feel the impact"

The Black community was populated by both independent Black business owners, as well as productive wage-earning Blacks. Both sectors were a team that brought economic strength to the Black community, with the wage-earner coming back home, after work, supporting the Black business owners and never having to go outside the Black community for his needs.

In this video, you will discover why, when the 1960s arrived, the powerful gains of the Black Community had been all but lost. And no, it wasn't due to "White supremacy." The reasons put forward might shock some Black folks.

Can those former gains be restored? It depends on the ability of young Black people to face the truth. I give my opinion about what is needed to restore what we once had.

Loading 8 comments...