Black Wall Street - A brief History

Black Wall Street - A brief History

I bet a larger percentage of people reading this are just hearing about Black Wall Street for the first. If you have then you deserve a medal - see Admin. Lol

In the early 20th century, when racism was still quite prevalent in America. The black were compelled to create a community of their own in Tulsa, Oklahoma. The name of this place was formerly called Greenwood. However, after the Tulsa race riot, it was addressed as the Black Wall Street.

The majority of Black Americans worked as servants in the Tulsa communities. Due to the high rate of segregation and dehumanizing activity of the whites, Ottowa W. Gurley considered creating a community of his own. And this became the beginning of the Black Wall Street.

Who is Ottawa W. Gurley? What is the Black Wall Street? Come along as we explain.

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Origin of the Black Wall Street

Ottowa W. Gurley worked with the Grover Cleveland Presidential administration. Due to the craziness of racism (what you see today is nothing compared to what was obtainable then), he decided to resign and become an entrepreneur.

Then, Tulsa was one of the major communities with a multiracial population.

Ottowa acquired a vast area of land, approximately 40 acres in the Tulsa community. The settlement was later named Greenwood. He partnered with another African American businessman called John The Baptist Stradford.

The two men began working on how to develop a self-sustaining black community. They started by building a grocery store and several boarding facilities. The boarding facilities were available to Blacks who were victims of racism and on the run.

Ottowa and J.B were able to divide the land into housing areas, streets, stores, and other business centers. The Greenwood environment and its amenities were exclusively available to African Americans alone. The community soon had its school and an Episcopal Church.

Following an increase in the wealth of Ottowa W. Gurley. He decided to build the Gurley Hotel which was considered more beautiful than other major white owned hotels.

Another great boast the community experienced happened when oil was discovered in the island of Greenwood. This resulted in a great emigration of blacks into the community. Consequently, the local economy of Greenwood became massive due to the much influx of dollars.

This is what happened. The Black community worked for the whites and spent their money in the black community. So that way money was kept in circulation within the community and more kept coming in. Nothing promotes a healthy economy in a community as much as this does.

This community was later tagged the 'The Black Wall Street' by Booker T. Washington.

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The Tulsa race riot of 1921

Also known as the Tulsa race massacre of 1921 was a riot that led to the massive destruction of the Black community. Although the Greenwood community still thrived for a little while after the riot, however, the riot led to a serious financial decline in the community.

The financial decline came as a result of the destruction of businesses and the stalling of oil workers activities. The income of the black people became very low. Several attempts were made by the black entrepreneurs to rebuild the community. And, finally they were able to finance the rebuilding without much support from the Tulsa district government.

The community began to thrive again as business activities were booming. There was also a fair inclusion of African Americans in both politics and civic participation. This came as a result of legal support that was given to the black communities.

However, in the year 1950, the Desegregation bill was passed. This therefore gave access to white folks to move into the Black Wall Street. Consequently, there was a decline in the economic health of the community. Gradually, the memories of the Black Wall Street became history. And some things that should not have been forgotten were lost. History became legend. Legend became myth.

Conclusion

While it lasted, Greenwood Island served as a paradise to the African American community in Tulsa. It became a self-sustaining community with its businesses, schools, and church. Its massive increase in population and economic activities resulted in its naming as The Black Wall Street.

References

Britannica -Black Wall Street
Investopedia- Origins of Black Wall Street

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Comments

stanislaus 20 Apr '21
Nice piece
ndiboy29 19 Apr '21
This is great
ndiboy29 19 Apr '21
This interesting
enipeace 19 Apr '21
Very nice article, Thanks crest way for sharing it.
joweicash 19 Apr '21
As a student of history the black Wall Street remain both centerpiece of Afro-American history
samsono 18 Apr '21
About this time, hoping to get the best in few months with Crestway... Thanks for bringing up this idea Crest
ishola1706 18 Apr '21
Super good ????
osak 18 Apr '21
Good read
tarilawxy 18 Apr '21
Thank you crest way, this information was really helpful ????
ogbeblack 18 Apr '21
Nice piece of info
rosysexy19 18 Apr '21
Wow! Thanks for the info
julies 18 Apr '21
Thanks for sharing
johnjummy1945 18 Apr '21
Highly interesting
tosyn 18 Apr '21
Wow!!! Interesting
aliwa 18 Apr '21
More update
ijebs 18 Apr '21
Crest way is the current wolf of Wall Street oh..
oyindamola 17 Apr '21
You are great crestway trade
oyindamola 17 Apr '21
You are great crestway trade
kenhinde 17 Apr '21
Crest way, Thanks for this.
joeboy 17 Apr '21
crest way is sure
samsono 17 Apr '21
Crestway.. Got the right upload
missgenius 17 Apr '21
Thanks crestway
sundex 17 Apr '21
Interesting and Educative
aliwa 17 Apr '21
Crestway d way
chosenboy 17 Apr '21
What a history
gs49 17 Apr '21
Mon? Nnnnnnn?
umoh 17 Apr '21
Good information
enipeace 17 Apr '21
Thank u crestwaytrade for dis wonderful information.
ayakaterver01 17 Apr '21
Way forward
asamu 17 Apr '21
Most reliable platform with profitability and Zero risk. CRESTWAY THE WAY to financial freedom.....
adline 17 Apr '21
Say no to racism
mank 17 Apr '21
Say no to racism
audu1986 17 Apr '21
Say no to racism
audu1986 17 Apr '21
Say no to racism
audu1986 17 Apr '21
Say no to racism
johnagha 17 Apr '21
????????????
jstar 17 Apr '21
Interesting
ishola1706 17 Apr '21
Crestway all the way
johnagha 16 Apr '21
Good article
oyindamola 16 Apr '21
Very interesting
winsome 16 Apr '21
Good to know
bamanga 16 Apr '21
Very interesting.
idowu_omohu0001 16 Apr '21
Highly Educative
idowu_omohu0001 16 Apr '21
Highly Educative
necessity 16 Apr '21
Interesting article
samsono 16 Apr '21
Waw.. I use to hear of this history but not this deep. How incredible in the way they maximized their potentials as blacks and raised back the community. Thanks Crestway for the article
nwakomzy 16 Apr '21
Nice one, educative
adline 16 Apr '21
Thank you crestway for impacting this knowledge on us..
mkumz01 16 Apr '21
Well understood. Crest way Trade all the way.
olad 16 Apr '21
Interesting
amodumujeeb 16 Apr '21
This is my first time of reading about this. Thank you CrestwayTrade for the shared knowledge and info
jonathanchama 16 Apr '21
Interesting
adebiyi 16 Apr '21
what an enlightment
evedyne 16 Apr '21
I never knew there was anything like the black Wall Street... Thanks for the info
ebipade 16 Apr '21
Very educative ...pls keep doing the good work of informing us where deem it fit
ruqyatu 16 Apr '21
Thanks for these knowledge
nafsy 16 Apr '21
Wow,I never knew these, thanks Crestway
phemmy 16 Apr '21
wow, good write up
harrison 16 Apr '21
It's inspiring to know that in the midst of their struggles they kept hope alive and resorted to hard work and unity. Our fathers were indeed wise ❣️
smeg 16 Apr '21
It was resistance to oppression of the whites that brought about the black wall street. What are we doing today against the present political class who have same blood in their veins (selfish interest)?
danito 16 Apr '21
The greenwood.. tnxx
phemmy 16 Apr '21
Nice piece u av. Tnx
ogundiran 16 Apr '21
Interesting..
walex996 16 Apr '21
This was a very interesting read. The whole of Nigeria needs to be a Black Wall Street. And this is achievable if we all unite & get serious with it.
mamahilda 16 Apr '21
Thanks for this post
ifeoluwa 16 Apr '21
Yeah. Amazing stuffs
augustinemiracle 16 Apr '21
wheres my medal
omolejerome 16 Apr '21
Educative.
julietmichael 16 Apr '21
Thank u crestway
divinity102 16 Apr '21
This is educative
ajuluchukwu 16 Apr '21
Crestway Surest way...
kelil 16 Apr '21
This is a nice piece
darebee 16 Apr '21
Educative
triangel01 16 Apr '21
Feed me more....
oladiti 16 Apr '21
Desegregation bill of 1950..hmm. Nice article
saunobele 16 Apr '21
Well educative
maceke 16 Apr '21
War or violent has never done good to any body.
ofure 16 Apr '21
Interesting. ????????????
jummy 16 Apr '21
Educating
fagbohun 16 Apr '21
Very interesting
thesecondson 16 Apr '21
Gracias Crestway
supol_bellz 16 Apr '21
Interesting
mega 16 Apr '21
Interesting
umoh 16 Apr '21
Interesting and very educational
jmaxop 16 Apr '21
Crestway trade is the best
missgenius 16 Apr '21
Interesting
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