Black Wall Street

One of the greatest treasures of life is learning the infinite wisdom that applies directly to my life. All throughout my educational career, I never once heard of Black Wall Street. One would think we–the American people–would hear about observe it during Black History Month, but nope. Nothing.

My Ignorance

As a matter of fact, one of my friends told me about it, and I didn’t think much of it. However, I should have known about it in one of my history or business classes. Unfortunately, not one mention of it in the journey achieving my graduate and undergraduate degrees. When I first started teaching Business 101 at the local community college, I’ve even failed to mention Black Wall Street because I didn’t see the relevance.

Why is that important to mention?

In this 21st century, we live in a capitalistic economic system. Every country understands this basic business principle. In order to thrive in a capitalist’s economics, the sociology of all the stakeholders have to believe and subscribe to the values within the system. Hence, why I think we haven’t created enough research materials to have the conversation.

My podcast is a quick snapshot of a presentation I did in 2019.

My Ignorance almost lead to Miseducation

As I was planning a presentation and doing research in the summer of 2019, I realized I’ve failed to include any black entrepreneurs in my own textbook. Once I caught it, I stopped everything I was doing and focused on my mistake. I had to right my wrongs.

To be honest, I was embarrassed.

Gratefully, when I released my Introduction to Business textbook published by Great River Learning, I redeemed myself. I’m glad I was able to insert some key names before it was published, but it was a major oversight on my end.

I was thinking about how many other college textbooks lack this historical context. I’m sure it’s a lot.

When I was finished and sent the additions to my publisher, I said to myself, “I almost added to the problem I hate. My ancestors fought too hard for me to live this life and I can’t forsake them.”

But that also means in the near future, I have a lot more content to add in the next editions.

Black Wall Street’s Founder

On October 31, 2019, I was blessed to present this presentation to my peers at FSOCC (Faculty and Staff of Color Conference). I had 90 minutes to present about Black Wall Street’s Founder O.W. Gurley. In order to find this information, I had 10+ sources to unpack and make the dots.

Gurley was one of the key leaders of Oklahoma’s historic Greenwood District, also known as Black Wall Street. I ran out of time during my research to discover all the individuals who contributed to this epic moment in history before my presentation. Thanks to the books of Black Fortunes, Black Wall Street, and History of the Black Dollar, I was able to learn a little bit more about the context of how Gurley was a true “shaker and mover” in Tulsa, Oklahoma.

I’m grateful to Shomari Wills for writing Black Fortunes. He gave me the context in helping learn more about Gurley and Black Wall Street. As being a Pacific Northwest Native, I’ve learned about the Oregon Trail but not about the Exodusters.

The immigrants from the South earned the nickname “Exodusters” as they set out forth Oklahoma, where they hoped they could, at last dind the Promised Land. Blacks took jobs in town, working side by side with whites. They worked in the homes of whites as domestics, as well as opened busiensses, supervising both black and white employees…

blacks and whites sometimes lived next door to one another, ate at the same restaurants, and alloed their children to play together, ass they worked to build the “Magic City,” as they liked to call it. Locals labeled the good feelings shared by blacks, whites, Jews, and Indians in early Tulsa “the Tulsa Spirt.”

To be continued… (I’m still learning).

Notable Black Business Founders

19th Century
O.W. Gurley (link above)
Sarah Walker, Madam C.J. Walker
Booker T. Washington, Tuskegee Normal and Industrial Institute

20th Century
Oprah Winfrey, HARPO & Oprah Winfrey Network
Robert L. Johnson, Black Entertainment Television (aka, BET)
Daymond John, FUBU & Daymond John
David L. Steward, World Wide Technology
Chris Gardner, Gardner Rich & Chris Gardner Media

21st Century
Michael Jordan, Brand Jordan
Lebron James, SpringHill Entertainment

*the list will continue to grow.

References:

Black Wall Street USA
Atlanta Black Star
BOSS: The Black Experience in Business
1921 Tulsa Race Massacre
The Dawes Act
Greenwood District (Oklahoma Historical Society Museum)

Updated: March 27, 2020

I write this because my business is personal because this service is for the advancement of all humanity. My failures and successes are for your gain. No strings attached.

Nathan A. Webster, MBA
Marketing Consultant & College Professor
Consulting | Marketing | Websites