Dec 29, 2008
ENTREPRENEURIAL CREATIVITY DURING ECONOMIC DEPRESSION
History offers lessons for the present.
In a letter to W.E.B. Du Bois, Charles Clinton Spaulding argued that the Depression would cultivate a generation of superior business managers by forcing them to operate businesses more efficiently. His company, North Carolina Mutual Life Insurance Company, had suffered a series of economic setbacks during the 1930s, and he adjusted by trimming expenses--to name one example. I wonder what Spaulding might say about today’s economic bailouts.
To learn more about this African American entrepreneur, click here.
In a letter to W.E.B. Du Bois, Charles Clinton Spaulding argued that the Depression would cultivate a generation of superior business managers by forcing them to operate businesses more efficiently. His company, North Carolina Mutual Life Insurance Company, had suffered a series of economic setbacks during the 1930s, and he adjusted by trimming expenses--to name one example. I wonder what Spaulding might say about today’s economic bailouts.
To learn more about this African American entrepreneur, click here.