Question 1 | HSBC-Marcia-Chatelain-Black-Capitalism

Question 1 | HSBC-Marcia-Chatelain-Black-Capitalism

Question 1

Why did Black capitalism, such as the promotion of Black-owned businesses like McDonald’s franchises, emerge as a key response to the assassination of Martin Luther King Jr. in 1968?

Answer

It was believed that economic empowerment through Black-owned businesses could alleviate racial tension and address racial inequality.

The federal government saw it as a way to avoid passing more civil rights legislation while still addressing economic disparities.

Civil rights leaders prioritized Black entrepreneurship over desegregation efforts as the next phase of the movement.

Black capitalism emerged in response to calls for reparations after King’s assassination, with McDonald’s leading the movement.