In what year was the first record company owned by an African-American founded?

• A. 1930
• B. 1921
• C. 1945
• D. 1918

Answer: (B)

The first record company owned by an African-American was founded in 1921. This groundbreaking company, named Black Swan Records, was established by Harry Pace. It played a significant role in promoting African-American artists and providing opportunities in an industry that, at the time, was largely dominated by white-owned companies. The establishment of Black Swan Records is notable not only for its business achievements but also for its cultural impact, as it aimed to produce and distribute music that reflected the talents and experiences of African-American musicians. This was a pivotal moment in the music industry, laying the groundwork for future African-American artists and entrepreneurs.