It’s been around for about 150 years……I doubt race was a factor in naming it..
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It was founded April 23, 1635. It’s the oldest classical school in the US. It was an “Exam School” at one time and an honor to have been admitted and to graduate for those who attended. That’s gone out the window with all other “meritocracy programs.” Ps: It’s most famous drop out is Ben Franklin who left in the tenth grade to work at his father’s print shop in Boston.
The original school was “Boston Latin School” later known as “Boys Latin.” Then came Boston Latin Academy for the “ladies.”