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.
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.
