According to the perspective of E. Franklin Frazier, the “Black Bourgeoisie” played an important role among American Negros for decades. Frazier’s study led him to the significant of “Negro Business” and its impact on the black middle class. Education was a major social factor responsible for emergence of the Black bourgeoisie. By fact, the net total number of the free Negroes in the first generation topped out at 37,245 with an estimated accumulation of 50,000,000 in real and personal wealth before the civil war. Free Negroes in southern cities undertook businesses in skilled labor such as carpenters, tailors, shoemakers, wheelwrights, bricklayers, butchers, and painters.
The failure of the Freedmen’s Bank contributed to the slow development of the black middle class when Blacks put all their money into the Black banks and when they went under only forty percent of deposits were returned. Occupational differentiation is the change in work field for the Black class. A small professional group making up three percent of all workers had gradually become differentiated from the majority of Blacks. Occupational differentiation had proceeded slowly because Blacks were accustomed to the agriculture field and not only until the migrations to the North were had had they introduced to the