We have www.webuyblack.com, the largest online marketplace for black owned companies and the Official Black Wall Street app that will find black owned stores near you. We have Black banks and credit unions, including OneUnited Bank, the largest Black bench with a nationwide network.
The historic Black Wall Street
In 1906, O.W. Gurley, a wealthy black landowner, bought 40 acres of land in Tulsa and named it Greenwood after the city in Mississippi. According to Hannibal Johnson, Author of Black Wall Street: From the Uprising to the Renaissance in Tulsa’s historic Greenwood DistrictGurley’s vision was to create something for black from black … or #FortheCulture. On Greenwood Avenue there were luxury shops, restaurants, grocery stores, hotels, cinemas, hairdressers and salons, night clubs and offices for doctors, lawyers and dentists. Greenwood also had its own school system, post office, bank, hospital, and bus and taxi services. The money earned inside and outside of Greenwood was spent within the district. According to Alexis Clark in “Tulsa’s Black Wall Street blossomed as an independent center in the early 20th century“Each dollar would change hands 19 times before leaving the community. Today, Maggie Anderson, the author of “Our Black Year: A family’s quest to buy black in the racially divided American economy“, Has sharpened our focus on the circulation of our dollars in our community.
The new black Wall Street
The black purchasing power of currently $ 1.3 trillion is on the right track reach $ 1.5 trillion until 2021 according to a report by Nielsen. By spending more of our dollars on black-owned businesses that tend to settle in black communities, we can build black prosperity, as was the case in Greenwood. In this #BlackHistoryMonth we celebrate the new #BlackWallStreet with the support of #BuyBlack and #BankBlack Movements today.
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