The National Negro Business League was founded in 1900 by Booker T. Washington with the goal of promoting the interests of Black businesses and entrepreneurs in the United States. Washington believed that economic self-sufficiency and entrepreneurship were key to the advancement of the Black community.

The organization provided a platform for Black business owners to network, share resources, and advocate for their interests. It also offered education and training programs to help Black entrepreneurs succeed in a predominantly white business world.

The National Negro Business League played a crucial role in empowering Black entrepreneurs and promoting economic self-sufficiency within the Black community. It helped to create a network of support and resources for Black businesses at a time when they faced significant barriers to success due to discrimination and segregation.

Over the years, the National Negro Business League grew in influence and membership, and its impact on the Black business community was significant. It paved the way for future generations of Black entrepreneurs and business leaders to thrive and succeed in the face of adversity.