Commentary
Black entrepreneurship in the United States has a remarkable history. Even during the inhospitable climate of Southern slavery, both enslaved and free blacks managed to establish lucrative ventures. Research on black entrepreneurship has revealed that in the Antebellum South black entrepreneurs’ pursuits spanned the entire gamut of industry, ranging from merchandising to transportation.
Indeed, the success of some black entrepreneurs was so astounding that the demand for their services transcended the boundaries of race and class. The case of Archy Carey, a black slave who acquired his freedom, merits attention. Carey was the proprietor of a successful hack-driving business, owner of several investment properties, and was even revered by eminent whites (pdf). “He is a person of Good character, honest deportment, and without exception in his behavior,” they noted in a petition….
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