Week 9 Presentations Flashcards

1
Q

What is the title of the article?

A

The History of Black Management Reveals an Overlooked Form of Capitalism.

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2
Q

Who is the author of the article?

A

Lila McLellan.

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3
Q

Where was the article published?

A

Quartz, a digital business news platform.

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4
Q

What are Lila McLellan’s interests?

A

Social psychology and management strategies.

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5
Q

In which notable publications has Lila McLellan written?

A

Vanity Fair, The Atlantic, The Globe and Mail, etc.

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6
Q

What does the article examine?

A

Historical management strategies by Black business leaders.

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7
Q

What time period does the article focus on?

A

From the late 1800s to the early 1900s in the U.S.

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8
Q

Who is Madam C.J. Walker?

A

A Black entrepreneur who built a beauty empire despite facing racial discrimination.

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9
Q

What role did Charles Clinton Spaulding hold?

A

President of North Carolina Mutual Life Insurance Company during the early 1900s.

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10
Q

What is significant about Magdalena Walker?

A

She was the first Black woman in America to charter a bank.

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11
Q

What is a key theme related to systemic racism in the article?

A

Barriers in corporate leadership and market access for Black professionals.

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12
Q

What does the article say about the lack of recognition?

A

Contributions of Black professionals are often overlooked in mainstream business history.

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13
Q

How did Black entrepreneurs demonstrate resilience?

A

By adapting to systemic barriers and creating new opportunities.

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14
Q

What modern movements connect to historical lessons in the article?

A

Movements like Black Lives Matter.

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15
Q

What is the relevance of historical Black leaders to modern management?

A

Their insights can inspire current business practices.

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16
Q

What does the article argue about Black management history?

A

It offers valuable lessons in resilience, innovation, and community cooperation.

17
Q

What alternative business philosophies are discussed?

A

Cooperative strategies and community focus.

18
Q

What is the article’s call for inclusion in business history?

A

To integrate Black leaders’ contributions into mainstream discourse.

19
Q

What are the broader implications of acknowledging Black contributions?

A

It promotes diversity, equity, and social impact in modern management practices.

20
Q

What key insights does the article provide for businesses?

A

The significance of resilience and innovation in adversity.

21
Q

What educational implications does the article highlight?

A

A need for a shift in how business history is taught.

22
Q

What future potential is discussed in the article?

A

Modern businesses adopting cooperative and inclusive models can thrive.

23
Q

What context does the article provide on the Great Depression?

A

The stock market crash on Black Thursday created panic and led to economic depression.

24
Q

What were the New Deal Acts?

A

Legislation by Roosevelt that capped interest and deposit rates to limit risky banking.

25
What key legal case is mentioned?
Marquette vs. First of Omaha, which allowed banks to charge interest based on their charter state.
26
What issues are raised by the article regarding credit card regulations?
State-level loopholes led to inconsistent consumer protection.
27
What are the impacts of high-interest rates on consumers?
Increased consumer debt and normalized reliance on credit.
28
What is Buy Now, Pay Later (BNPL)?
A popular payment option that surged since 2019 but has issues like consumer debt and regulatory scrutiny.
29
What challenges do fintech and digital banking present?
Competing with innovative startups and gaining consumer trust.
30
What issues are associated with cryptocurrency?
Market volatility, fraud, and regulatory uncertainty.
31
What is a key takeaway regarding financial innovation?
It must balance profitability with consumer protection.
32
What long-term risks can arise from regulatory loopholes?
Debt cycles and regulatory backlash.