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In 1910 All Hell Broke Loose When A Black Boxing Champion Beat The ‘Great White Hope’

2Apr

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In 1910 All Hell Broke Loose When A Black Boxing Champion Beat The ‘Great White Hope’

Chris Lamb, IUPUI An audacious Black heavyweight champion was slated to defend his title against a white boxer in Reno, Nevada, on July 4, 1910. It was billed as “the fight of the century.” The fight was seen as a referendum on racial superiority – and all hell was about to break loose in the racially divided United States. Jack Johnson, the Black man, decisively beat James Jeffries, nicknamed “the Great White Hope.” Johnson’s triumph ignited bloody confrontations and violence between Blacks and whites throughout the country, leaving perhaps two dozen dead, almost all of them Black, and hundreds injured and arrested. “No event yielded such widespread racial violence until the assassination of Dr. Martin Luther King, Jr., fifty-eight years later,” Geoffrey C. Ward wrote in his biography...

To be a great innovator, learn to embrace and thrive in uncertainty

Madam C.J. Walker, born Sarah Breedlove, was America’s first female self-made millionaire. She pioneered a line of hair care and beauty products for people of color early in the 20th century, and the recent Netflix series “Self Made” details the story of this talented innovator and the challenges she overcame on the way to her success. To accomplish her goals, she had to face overwhelming uncertainties. How would she finance her business? Would her partnerships fail? Would her products sell? Would ruthless competition and racism get in her way? Madame Walker’s future was far from certain when she began her journey, but that did not dissuade her. Madam Walker was willing and able to face uncertain situations as she grew her business. The Smithsonian via Wikimedia Commons It is tempting to ...

How high will unemployment go? During the Great Depression, 1 in 4 Americans were out of work

The U.S. unemployment rate climbed from a half-century low of 3.5% to 4.4% in March – and is expected to go a lot higher. But could the rate, as some predict, surpass the 25% joblessness the U.S. experienced at the peak of the Great Depression? CC BY-ND As a macroeconomist who has tracked the labor force for decades, I’ve been wondering about this myself. There are actually two figures the Bureau of Labor Statistics uses to estimate employment levels in the U.S. One is the unemployment rate, which comes from the Current Population Survey. The U.S. Census Bureau contacts about 60,000 randomly selected households every month to get an estimate of this rate. The other is an estimate of how many nonfarm jobs were lost or created in the month. The Bureau of Labor Statistics creates these fi...