By 1987 women owned more than a quarter of all U.S. businesses; by 1992 this number had risen to a third.
Part of this increase was due to the Women’s Business Ownership Act of 1988, which eased restrictions that had made it difficult for many women to apply for commercial credit.
In the early 1990s Katharine Graham stepped down as the head of the Washington Post Company after thirty years.
As the owner of both the Washington Post and Newsweek, she had been one of the most influential people in the news business.
Yet in her 1997 autobiography she reflected, “I always thought things would grow better with time, that the atmosphere (at the top) would become more welcoming of women, but it didn’t happen that way. For one thing, there never were that many more of us—and still aren’t, at least not at the highest levels.”