Remembering Black Wall Street, the era in which the black dollar circulated 36 to 1000 times, sometimes taking a year for currency to leave the community. Today, a dollar leaves the black community in 15 minutes. As far as resources, there were Ph.D’s residing in Little Africa, Black attorneys and doctors. There were pawn shops everywhere, brothels, jewelry stores, 21 churches, 21 restaurants and two movie theaters. It was a time when the entire state of Oklahoma had only two airports, yet six blacks owned their own planes. The area encompassed over 600 businesses and 36 square blocks with a population of 15,000 African Americans.
When the lower-economic Europeans looked over and saw what the Black community created, many of them were jealous. When the average student went to school on Black Wallstreet, he wore a suit and tie because of the morals and respect they were taught at a young age. A lot of global business was conducted by the black community centered from “The Black Wall Street”. The community flourished from the early 1900s until June 1, 1921. That’s when the largest massacre of non-military Americans in the history of this country took place, and it was lead by the Ku Klux Klan which cause total financial devastation.
Fast forward to the here and now of the year 2017, I ask are we any closer to realizing the resurrection of Our Black Wall Street? How do we get back to seeing our dollar circulate 36 to a thousand times over before it leaves our community? Here at www.theblackdollarcipher.com we believe the power is in the pooling of our resources, group economics, and buying, selling, and trading among ourselves. Man can do what man has done. The blueprint was laid a long time ago, we must wake up and realize the power of our collective pockets.
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