![]() ![]() Once the pride of their communities, many were abandoned or demolished. Toll Free: (80… Genesco Inc, Genesco Inc.When a 1954 Supreme Court ruling declared segregation in education unconstitutional, Rosenwald Schools became obsolete. Public C… Oshkosh Bgosh Inc, OshKosh BGosh Inc Jarrette, Alfred Q., Julius Rosenwald, son of a Jewish immigrant, a builder of Sears, Roebuck and Company, benefactor of mankind: a biography documented, Greenville, S.C.: Southeastern University Press, 1975. Additional Sourcesīachmann, Lawrence Paul, Julius Rosenwald, Waltham, Mass.: American Jewish Historical Society, 1976. Henry Allen Bullock, A History of Negro Education in the South (1967), notes Rosenwald's philanthropic role in African American education. Embree and Julia Waxman, Investment in People: The Story of the Julius Rosenwald Fund (1949). An account of Rosenwald's foundation is Edwin R. Jeuck, Catalogues and Counters: A History of Sears, Roebuck and Company (1950), places Rosenwald in the context of his enterprise. Werner, Julius Rosenwald: The Life of a Practical Humanitarian (1939), a general biography, provides some material on Sears, Roebuck but focuses on Rosenwald's philanthropic interests. ![]() His gifts on behalf of African Americans served as a stimulant to other donors. Rosenwald also aided the National Urban League. The Julius Rosenwald Fund, organized in 1917, stressed education and aided all levels of education from grade school to the university. The most distinctive feature of Rosenwald's philanthropy was his interest in African Americans the breadth of his involvement was unmatched by any other contemporary philanthropist. He was also active in a variety of Jewish organizations. Rosenwald's philanthropy aimed at social welfare, and his donations benefited the Young Men's Christian Association and the Young Women's Christian Association, among other agencies. Philanthropy became more important to him after the Panic of 1920-1921. He was appointed a member of the Council of National Defense and chairman of its committee on supplies. Rosenwald was active in public service between 19 and was absent from his company's affairs for about the same time. He ended his term as president in 1924 and became chairman of the board of directors, a position he held until he died. To bail the company out, Rosenwald advanced money to Sears, Roebuck in 1921, though he was under no legal or moral obligation to act in this fashion. ![]() However, the Panic of 1920-1921-when wholesale and retail prices declined precipitously-caught Sears, Roebuck with an excessive inventory bought at high prices during World War I. A highly successful profit-sharing plan for Sears, Roebuck employees instituted in 1916 was partly his achievement. In 1916 Rosenwald testified on wage policy for sales clerks before the Illinois Senate Committee on Vice. The company expanded enormously and entered the retail chain-store business during the years Rosenwald was a dominant figure. He had great faith in the mail-order business and looked for long-run advantages. He was a careful merchandiser concerned with merchandise selection and restrained selling. As chief executive, he emphasized administration, system, and order. Rosenwald succeeded Richard Warren Sears as president of Sears, Roebuck in 1908. Rosenwald became vice president and owner of one-third of the company's stock. He was active in the wholesale clothing business from 1879 until he joined Sears, Roebuck in 1895, just as the modern history of the company began. Julius Rosenwald was born in Springfield, Ill., on Aug. The American retailer and philanthropist Julius Rosenwald (1862-1932) held executive offices in Sears, Roebuck and Company, America's leading mail-order house. ![]()
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