Looking back on the 1920's, it has become fashionable to accuse black businessmen of betraying and exploiting the Negro masses for their own gain. The career of George W. Lee, however, suggests that some black capitalists did much more than use racial pride for economic profit. They could be the real cutting edge of Negro protest, providing local leadership and a militant philosophy in a period characterized by capitulation to the white majority.

Of all business-supported reform in the early twentieth century, none was more significant or widely accepted than workmen's compensation for industrial accidents. Using the experience of Massachusetts as a case study, Mr. Asher reveals the unique consensus of management and labor which produced “the first victory for the idea of the modern welfare state in the United States.”

Although early British aircraft manufacturers attempted to exploit the private, civil aviation, and export markets for their products, the military market became the most important one by World War I. Mr. Fearon shows that the aircraft industry was largely dependent on military orders, but that government policy in this area tended to retard rather than promote progress and growth. It was only the optimism of the pioneer firms about the future which made the expansion of the industry possible.

This paper sketches the formation and expansion of a Scottish company engaged in the Indian trade, and follows its attempts to formulate policies to meet the changing demands of an overseas market known only through long delayed and often conflicting reports from abroad.

Professor La Force traces the frustrated efforts of the Spanish revolutionary government to arm its forces against the invading army of Napoleon.

In the manner of the Creole tradesmen of Louisiana, whose lagniappe to their patrons is legendary, the Editor offers a similar bonus to readers of the Review. Instead of trifling presents added to a purchase, however, our lagniappe will be notes and documents illustrative of the evolution of business enterprise.