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6 Interesting Things You Didn’t Know About ‘Black Wall Street’

The Greenwood neighborhood in Tulsa, Oklahoma, housed one of the most successful Black economies in American history. The area is, now, commonly referred to as “The Black Wall Street.” Most of the businesses and homes were burned down in the Tulsa Race Riot of 1921.

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Money Stayed Inside the Community

The dollar circulated 36 to 100 times in this tight-knit community, according to sfbayview.com. A single dollar might have stayed in Tulsa for almost a year before leaving the Black community. Comparatively in modern times, a dollar can circulate in Asian communities for a month, Jewish communities for 20 days and white communities for 17, but it leaves the modern-day Black community in six hours, according to reports from the NAACP.

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23 thoughts on “6 Interesting Things You Didn’t Know About ‘Black Wall Street’

  1. Jay Contreras says:

    The desegregation con was used after they physically destroyed Black Wall Street..but Tulsa's Greenwood can exist again today. No reason for our dollars to last in our community only long enough for you to get to the bank and cash it & then take it to Wal-Mart–2 hours? That's criminal really. Imagine–1YEAR for a dollar to leave our community? One whole year. I'd be happy with us lasting a week right about now.

  2. Mike Holmes says:

    if the the blacks in Tusla only invested in on Armory and national guard they would stood a chance thats way its important for every black male to have some military training

  3. Thats so real bruh…to wish upon a star that could be made real…different world though…but who better to adapt to the change than the people (so called Black People) to create evolutions of culture and the like? Thanks for sharing.

  4. Agreed…a man is man who still should emphasis in strength in numbers as natural born warrior…the past is the future…we have been that and still can be…the choice is ours and only us. Thanks for sharing.

  5. Willis Scott says:

    With the internet do Black people have to solely rely on physical store fronts to start a business?
    Say if a group of Black females made an online store for baby clothes they made themselves. They market to like minded Black people through the internet. These ladies send the clothing to their customers through some delivery service and are paid thru the internet. Then they expand and expand to eventually set up physical store fronts. The same can be done with other goods that are useful to Black people and the manufacturing of things like clothing is something that can be done all over the country or world by making at home factories. Home factories that can employ many Black people below the radar and create a quantum Black Wall Street.

  6. that sounds nice but the point is the need for black communities and culture and you cant get that over the internet. Black wallstreet was successful for two reasons it was segregated and they were united as a community

  7. you know i just dont think its in our nature to think that way. i believe that is why they created the circumstances for the future generations to program them to not only take life for no reason but each other. do the job for them.

  8. I am right now creating a plan to do just that. I believe with the right group of minds we can do such a thing right now and set it up for our offspring. I am in Indiana and would love to network with like minded folks

  9. LaLa Takingover Fornow Can you tell me what the black culture is?

    I agree with WIllis. The internet is the key to getting a start. Simply because it's cheap to do. Starting a physical store usually has low margin goods. A lot of headache and tons of competition. You have to worry about things like cash registors, building up keep if you own. If you rent, what if the owners aren't keeping up the building.

    I am a software engineer. The internet is the place to go right now.

  10. Steve Wilson says:

    LaLa Takingover Fornow and they didn't pay any taxes to the federal or state government.

  11. Steve Wilson You have no clue what you are talking about. Just stop.

  12. Drpogue Law says:

    LaLa Takingover Fornow Shakur awesome ideas, my thoughts are on education how can we take these so called schools they closeing down and open them educating our own. go inunder the radar get federally founded to educate our own. and again I am stuck on the how

  13. Drpogue Law says:

    LaLa Takingover Fornow Shakur yes i am with you on that me and a dear friend of mine are thinking along these lines fed up with not knowing what to do

  14. Drpogue Law says:

    most of us do have military training we train ourselfs right on the street we have ready made killers. if we can get them on our team refocused their anger we could do this. raise a army under the radar

  15. Gary Evans says:

    Black people, black wall street will never happen again, ever!

  16. Jerry Gallo says:

    So in Mississippi in the 1910s and 20s there was an entire neighborhood of very wealthy black people, at least one earning much more than most white people earn today, but black people can't get ahead today?

    Something doesn't add up…

  17. It stars with understanding where those families got thier money. Try looking it up in a library.

  18. the repeal of segregation hurt them….yeah they were thriving under segregation..

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