Page 56 - C:\Users\wtubb\OneDrive\Documents\Flip PDF\Reset your Economy\

In the 1900s, a predominantly black community

in Greenwood District of Tulsa Oklahoma known

as the Black Wall Street, created an economic

system that grew to over 600 businesses. The

businesses included hospitals, libraries, public

schools, theatres, hotels, restaurants,

printing firms, transportation companies,

bars, night clubs, farmland, funeral homes,

churches, etc. How were they so successful?

According to the book The Rise and Fall of Black

Wall Street by Robin Walker, “White racism was a

major impetus for the growth of the Black Business

District. Blacks could work in the White areas as

common laborers, domestics and in the service
sector, but their money was not welcomed by the

White businesses. So, they decided to create their
own opportunity by doing business amongst their

own community. They say one dollar circulated over
36 to 100 times before it left the community. Their

success caused the nation’s worst incidents of racial

violence in 1921.” After studying the history of the

Black Wall Street, I found out:

[48]