Black Wall Street was the most prosperous Black community in America during the 1920’s. It was given the name because of the power of Black wealth and entrepreneurship in the community. After the oil boom of the 1910s “Black Wall Street” was home to prominent Black businessmen, educators and entrepreneurs, many of them multimillionaires. In response to Jim Crow laws Blacks created their own community of businesses that spanned 35 blocks and served every need imaginable within their community. A variety of businesses erected during this time, including 2 movie theaters, 30 grocery stores, several law and doctors offices, a post office, private planes and even a self-contained bus system. In this community the dollar circulated 36 to 100 times, sometimes taking a year for currency to leave the community. (Now a dollar leaves the Black community in 6 hours). The vision of Black Wall Street was not only to build a self-sustaining community, but to build a system for the cycle of success with following generations. The motto of the community was “To educate every child”.
QUESTION OF THE DAY: HOW CAN WE GET BACK TO DA PROMISE LAND? LET'S DISCUSS FAM!!!
Posted By: DAVID JOHNSON
Wednesday, October 3rd 2012 at 9:59PM
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