Page 56 - Kingdompreneurs

In the 1900s, a predominantly black community

in Greenwood, 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:

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