The Rogue Professor

  Abstract Black Tuesday, October 28 th , 1929, the second day of double-digit declines in the stock market marks what is widely accepted as the start of the Great Depression. The corresponding banking crisis made it worse, but the causes were deeper than they appeared. Monetary policy contributed greatly to the Great Depression. There are several theories that try to explain the cause of the Great Depression and they often focus on the crash of stock market crash and the banking Crisis. So much so that when we hear the words Great Depression it conjures images of October 28 th , 1929 known as Black Tuesday when the market dropped almost 12 percent marking the second day of steep decline having dropped 13 percent on Monday. By the middle of November, the market had fallen 89 percent below its highest point, bringing the Roaring 20’s to an end to the Roaring Twenties and beginning what would be known as the Great Depression.   However, this alone was not enough to bring...

  From Enslaved to Millionaire on Sweet Auburn Ave. Alonzo Herndon Abstract Alonzo Herndon was one of the many Entrepreneurs who helped build Auburn Avenue into one of the most prosperous African American Business centers in the United States during the early 1900s. His Business acumen took him from enslavement to Barber to Investor becoming the country's first Black Millionaire by the time of his death in 1927. His adaptability allowed him to continue to prosper despite losing one of his three  barbershops in the 1906 Race Massacre in Atlanta, and thanks to his investment in real estate in the Atlanta Area he was able to rebuild and thrive. He was also the founder of the Atlanta Mutual Life Insurance company which maintained its headquarters in a building he owned on Auburn Ave. Alonzo Herndon, along with other African American Entrainers turned Auburn Ave into the economic center it would be until the Civil Rights era.   For this blog, we will return to the prev...