Julius Rosenwald designed the Rosenwald Fund to create more equitable opportunities for African Americans in the South. The fund contributed more than $300,000 to developing 389 Rosenwald Schools in Arkansas and helped fund the building of the University of Arkansas at Pine Bluff’s current campus.
Rosenwald contributed greatly to the creating better educational opportunities and facilities for Arkansas’ African American population. Rosenwald was born on Aug. 12, 1862, in Springfield, Ill. Though he never finished high school or went to college, he became immensely successful in the clothing industry in 1878.
In 1895, he invested $35,000 in the stock of Sears, Roebuck, and Co. Thirty years later, his investment had grown to $150,000,000. In 1908, he became the chairman of Sears, Roebuck, and Co. and in 1922, he became the company’s president.
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