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@itssav3ryy: 77777 #fyp
★𝐚𝐯𝐞𝐫𝐲★
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Thursday 16 October 2025 22:33:38 GMT
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1619–1865 | Slavery Era • 1619 – First enslaved Africans arrive in Virginia. • 1700s–1800s – Enslaved labor fuels growth of cotton, tobacco, rice, and sugar industries. • 1860 – Enslaved people are worth more in economic terms than all U.S. railroads and factories combined. ⸻ 1865–1877 | Reconstruction • 1865 – 13th Amendment abolishes slavery. Freedmen expected “40 acres and a mule” but land redistribution never occurs. • 1865 – Freedmen’s Bureau established to aid freedpeople. • 1865 – Freedman’s Savings Bank created to help Black families build wealth. • 1874 – Collapse of Freedman’s Bank wipes out savings of thousands of freedpeople. • 1877 – End of Reconstruction; Southern states begin Jim Crow segregation. ⸻ 1877–1940s | Jim Crow & Segregated Economy • Late 1800s – Sharecropping and tenant farming trap Black farmers in debt cycles. • 1900 – National Negro Business League founded by Booker T. Washington to support Black entrepreneurship. • 1910s–1920s – Tulsa, Oklahoma and Durham, NC develop “Black Wall Streets.” • 1921 – Tulsa Race Massacre destroys one of the wealthiest Black business districts. ⸻ 1910s–1940s | Great Migration & War Economy • 1916–1940 – First Great Migration: 1.6 million Black Southerners move North for jobs. • 1930s – New Deal programs help, but exclude agricultural and domestic workers (majority of Black workforce). • 1941 – A. Philip Randolph forces FDR to issue Executive Order 8802 banning racial discrimination in defense industries. • 1940s – WWII defense jobs open up more opportunities for Black workers. ⸻ 1950s–1970s | Civil Rights & Economic Rights • 1954 – Brown v. Board of Education ends legal segregation in schools. • 1963 – March on Washington includes demands for economic justice (“Jobs and Freedom”). • 1964 – Civil Rights Act outlaws job discrimination. • 1965 – Voting Rights Act empowers political participation. • 1968 – Fair Housing Act bans housing discrimination. • 1968 – Assassination of Dr. Martin Luther King Jr., who had shifted focus toward economic justice (Poor People’s Campaign). ⸻ 1970s–1990s | Deindustrialization & Inequality • 1970s – Factories close in major cities, devastating Black working-class neighborhoods. • 1980s – “War on Drugs” leads to mass incarceration, destabilizing Black economic progress. • 1990s – Some growth in Black middle class, but wealth gap persists. ⸻ 2000s–Present | Persistent Gaps & New Frontiers • 2000s – Rise of Black entrepreneurship in entertainment, fashion, tech, and small business. • 2008 – Financial crisis devastates Black homeowners; Black wealth drops by nearly 50%. • 2010s – Black Lives Matter movement raises awareness of systemic economic inequality. • 2020 – COVID-19 pandemic disproportionately impacts Black workers and businesses. • 2020s – Renewed national conversations on reparations, racial wealth gap, and supporting Black-owned businesses. ⸻ ✅ Long arc: From slavery to now, Black Americans have been central to U.S. economic growth but systematically excluded from wealth-building opportunities. Yet, despite oppression, Black communities have repeatedly built their own economic institutions and resisted barriers. #blackeconomics #blackpower #coopercoloredpeople #blackresilience #blackhistory
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