Black Wall Street Essay Example

African Americans could neither live among Whites as equals nor patronize White businesses in Tulsa, Blacks had to develop a completely separate business district and community, which soon became prosperous and legendary. Black dollars invested in the Black community also produced self-pride, self-sufficiency, and self-determination.

The business district, beginning at the intersection of Greenwood Avenue and Archer Street, became so successful and vibrant that Booker T. Washington during his visit bestowed the moniker: "Negro Wall Street. " By 1921, Tulsa’s African-American population of 11,000 had its own bus line, two high schools, one hospital, two newspapers, two theaters, three drug stores, four hotels, a public library, and thirteen churches. In addition, there were over 150 two and three story brick commercial buildings hat housed clothing and grocery stores, cafes, rooming houses, nightclubs, and a large number of professional offices including doctors, lawyers, and dentists.

Tulsa’s progressive African American community boasted some of the city’s most elegant brick homes, well furnished with china, fine linens, beautiful furniture, and grand pianos. Mary Elizabeth Parrish from Rochester, New York wrote: "In the residential section there were homes of beauty and splendor which would please the most critical eye. Well known African American personalities often visited the Greenwood district including: educators Mary McCloud Bethune and W. E. B. DuBois, scientist George Washington Carver, opera singer Marian Anderson, blues singer Dinah Washington, and noted Chicago chemist Percy Julian. T. P. Scott wrote in "Negro City Directory": "Early African American business leaders in Tulsa patterned the development of Tulsa’s thriving Greenwood district after the successful African American entrepreneurial activity in Durham, North Carolina.

After the Civil War, former slaves moved to Durham from the

neighboring farmlands and found employment in tobacco processing plants. By 1900, a large Black middle class had developed which began businesses that soon grew into phenomenally successful corporations, especially North Carolina Mutual Life Insurance Company. Charles Clinton Spaulding was so successful with the North Carolina Mutual Life Insurance Company that he was able to create a real estate company, a textile and hosiery mill, and the "Durham Negro Observer" newspaper.

Durham Blacks also created a hospital, Mechanics and Farmers Bank (1908), North Carolina Training College (1910), Banker’s Fire Insurance Company (1920), and the National Negro Finance Company (1922). However, living conditions in Durham were so substandard and working conditions so poor that the 1920 mortality rate among Blacks in Durham was three times higher than the White rate. As of 1926, 64% of all African Americans in Durham died before the age of 40. These perilous working and living conditions were not present in Tulsa.