The Merchant Prince of Black Chicago

Abstract

Anthony Overton is widely regarded as one of the twentieth century’s most significant African American entrepreneurs. Overton, at his peak, presided over a Chicago-based financial empire that included a personal care products company (Overton Hygienic Manufacturing Company) a bank (Douglass National Bank), an insurance company (Victory Life Insurance Company) a popular periodical (the Half-Century Magazine), and a newspaper (Chicago Bee). This impressive business portfolio contributed to Overton being the first businessman to win the NAACP’s Spingarn Medal in 1927, as well as him currently being acknowledged in the Harvard University Business School’s database of “American Business Leaders of the Twentieth Century” as the first African American to head a major business conglomerate. Nevertheless, despite Overton’s noteworthy entrepreneurial accomplishments, he remains a mysterious figure. The most readily apparent reason for this is the unavailability of his business records and personal papers. Still, because of Anthony Overton’s prominence, a large body of scattered alternative primary and secondary sources were available to construct this biography. Along with examining Anthony Overton and his accomplishments, this book places his activities in the context of larger societal occurrences in late nineteenth- and early twentieth-century America. Moreover, by recounting Overton’s life story, this biography seeks to more fully illuminate the role of business and entrepreneurship in the African American experience.