Professor Smith noted that, based on the 2010 census, White Americans had a median net worth of $110,500 while the median net worth of African Americans was $6,314. Thus, White Americans had a median net worth 17.5 times that of African Americans. The 2010 census also indicated that African Americans earned incomes at a rate of 60 percent of the rate of White Americans. Professor Smith believes these facts clearly indicate that the average African American is in a deplorable state.
In the book, Professor Smith provides detailed statistics on other basic gaps in business and in education. Educational gap information is provided in the book in the areas of SAT performances and a comparison of the substantial gap that exists in college endowments. White American educational institutions have unbelievably larger endowments than Historically Black Colleges and Universities (HBCUs). Thus, there is a huge gap in available resources at the HBCUs.
Professor Smith describes what he calls a “Perfect Pair” of achievements of White Americans and an Imperfect Pair of achievements of African Americans in the areas of business (economics) and religion. He believes while White Americans have achieved a Perfect Pair in both categories, African Americans have great achievements in religion but have failed in business, and thus African Americans have achieved an “Imperfect Pair.” Professor Smith wrote that the most important goal for African Americans is to close the business gap. He believes that when the business gap is closed, all other gaps will be closed shortly thereafter, and when this happens, African Americans will achieve the “Perfect Pair.”
The Second American Revolution was written by Professor Smith as a way of providing a historical depiction of African Americans, a book in which he provided information on the positive role of the African slaves. Professor Smith discusses at great length the reasons why America should respond to the needs of average African Americans with his basic theme being the right of African Americans to be equal in every way. His belief, as stated in the book, is African Americans should be equal based on the Bible and based on The Declaration of Independence.
Professor Smith believes that now is the time for positive changes in America for the benefit of all Americans.
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Photo Caption: Bookcover and author, Harvey Smith, Sr.