In 1919, Congress adopted the 19th Amendment of the United States Constitution which was ratified in August of 1920. The 19th Amendment gave women in America the right to vote and giving them a voice to speak, which lead to rising of successful women entrepreneurs in the United States, such as Madam C.J. Walker, Coco Chanel, Eliza Lucas Pinckney, etc.
The rise of successful women in the business industry has led to the women-owned firms being one of the fastest growing firms in the nation and generating over 1.1 trillion in sales, according to Center for Women’s Business Research.
While women entrepreneurs are on the rise and generating trillions in sales, female entrepreneurs continue to face many challenges in business from raising capital to receiving outside funding to launch their business, however through all the struggle women manage to rise against all the struggles by starting business twice as much as a company and continue to employ over 7.1 million employees.