Black Wall Street

The name Negro Wall Street, also known as moody Wall Street, was coined during the early 1900s and was given to Greenwood street in Tulsa, Oklahoma. Due to segregation, blacks were simply allowed to shop, spend, and live in a 35 square block area called the Greenwood district. Tulsa, Oklahoma began as an outpost of the Creek Indians. This area grew rapidly into home for some(prenominal) prominent black businessmen with the sudden oil discovery. Greenwood housed a variety of thriving businesses that were very successful up until the Tulsa flow Riot. Although blacks wanted to support and contri bute to the success of their own shops, but segregation laws prevented them from shopping elsewhere. Segregation laws, in a sense, helped this friendship to flourish. Since African Americans could neither live among sinlessnesss as equals nor patronize White business in Tulsa, they had to develop a completely pause business district and community, which soon became prosperous and legendary. The circulation of Black one dollar bill marks only in the Black community produced a prosperous Black business district that was admired and envied by the whole country. The dollar circulated 36 to 100 times within Greenwood. Sometimes it took roughly a year for currency to leave the community. Now, a dollar leaves the black community in 15 minutes.



Black dollars invested in the black community also produced self-pride, self-sufficiency, and self-determination. By 1921, Tulsas African American population of 11,000 had its own bus line, two senior high schools, one hospital, two news papers, two theaters, three drug stores, four hotels, a public library, and 13 churches. Greenwood was the golden entry of the black community during the early 1900s, and it proved that African Americans could throw a successful infrastructure.

The demise of the Greenwood District, also known as the Black Wall Street was the Tulsa Race Riot. It was a liberal scale racially motivated conflict. May 31st finished June 1st...If you want to get a full essay, order it on our website: Orderessay



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