Why do middle-class blacks have far less wealth than whites
at the same income level?
The answer is in real estate and history.
Arbor Drugs opened its doors in Troy in 1974, when founder Eugene Applebaum combined several drug stores under the name. At the time, he owned a handful of pharmacies, including one in Ann
Arbor. Because the Ann Arbor store was the best of the bunch, he decided to use the second half of the city’s name for his business.
Atlas Beverage Company
Atlas Beverage Company for more than 60 years, Atlas Beverage Company produced carbonated beverages with names like Brownie Root Beer, Bulldog Ginger Beer, Cheer-Up, V-Mix, and Golden & Pale Dry Ginger Ale. A Polish immigrant in Hamtramck founded the company in 1929, and it closed in 1996.