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Anthony Overton (March 21 1865-July 2 1946), a banker and manufacturer, was the first African-American to lead a major business conglomerate.[1] In 1898 he established Hygienic Manufacturing Company and produced a number of goods, including the nationally-known High Brown Face Powder, which was "the first market success in the sale of cosmetics for black women".[2] In 1923 he established the Douglass National Bank, the second nationally chartered black-owned bank in the United States.[3] He went on to develop a highly diverse conglomerate, including the Great Northern Realty Company, the Chicago Bee, and the Victory Life Insurance Company. In 1927 The National Association for the Advancement of Colored People (NAACP) awarded him its Spingarn Medal for outstanding achievement by an African American.

Notes

  1. ^ Harvard Business School. American Business Leaders of the Twentieth Century: Anthony Overton
  2. ^ Walker p. 7
  3. ^ Lash p. 189.

References

  • Lash, Nicholas A. (2005) Black-owned banks: A survey of the issues. Journal of Developmental Entrepreneurship Vol. 10, No. 2 187–202.
  • Anthony Overton: Born Entrepreneur
  • Walker, Juliet E. K. (2010). African American Women Business Enterprises: Since the Civil War to Civil Rights, 1865-1964. The Herstorian Newsletter. Volume 3, Issue 2.

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