Women On The Way

How women entrepreneurs reshaped the American economic landscape in the wake of WWII.

When the National Foundation of Women Business Owners announced in May 1999 that women own nearly 40 percent of the nation’s businesses, there was little fanfare or surprise. Americans have become increasingly accustomed to female entrepreneurs as an economic force. Since 1987, the number of women-owned small businesses has more than doubled, to 9.1 million firms generating $3.6 trillion in annual sales. Read more »

Credit Card America

How we became a nation of instant, constant borrowers

In 1987 Robert Townsend charged $100,000 on his fifteen personal credit cards to finance the production of a major motion picture, Hollywood Shuffle. It was a big risk, a desperate gamble that the movie would be successful and pay off the bills. It worked. Most Americans go through life making credit-card gambles these days, though on a much smaller scale, charging their clothes, furnishings, vacations, toys, and more in the hope that they’ll have the time and ultimately the money to pay it off.Read more »