2. Black wall street In 1889 during Oklahoma Land run some African Americans bought land and created the first self sustaining black community in the country These included churches, hotels, cafes, newspapers, clothiers, movie theaters, doctors' and lawyers' offices, grocery stores, beauty salons, shoeshine shops Sadly in 1921 a race riot erupted and the street was burned to the ground
3. Business ownership Since the emancipation proclamation that freed slaves black people have been searching for economic freedom New York State has the most black owned businesses Georgia had highest revenue producing firms in black America Florida, Texas and California were in the top five states as of 2007
4. Economic freedom 2007 Black owned businesses are firms in which Blacks own 51 % or more of the stock or equity of the business Blacks owned 1.9 million nonfarm U.S. businesses in 2007 which are 7.1 % of all nonfarm businesses in the United States Black-owned firms accounted for 13.2 % of all U.S. businesses in healthcare, social assistance repair, maintenance, personal, and laundry services industries
6. Durham, nc Parrish Street was also home to two banks, the Mechanics and Farmers and the Mutual Community Savings, which offered home mortgages and small business loans to Durham’s African Americans.
7. Black wall street durhamnc Blacks could not participate in politics in the late 1890s so they turned to business instead
8. Parrish street durham From the 1890s til the 1960s, Parrish Street was the home of the North Carolina Mutual Life Insurance, the nation’s oldest and largest black-owned insurance company
9. ownership The first black owned banks opened in 1888 the Savings Bank of the Grand Fountain United Order of the Reformers, in Richmond Virginia, and Capital Savings Bank of Washington, DC, opened their doors.
10. Freedom papers Slaves could buy their freedom by paying a certain amount of money to obtain “freedom papers.” Freedom papers were the dream of every slave and they worked night and day to earn enough money In 2011 though black people are free we are still fighting for our freedom papers to own ourselves and build generational wealth outside the confines of time limits of working for other people
12. Present day freedom papers Trademarks, patents, and other intellectual property, title deeds, share certificates, certificates of ownership are all forms of freedom papers.
13. Freedom papers & civil rights Preachers were on the forefront of civil rights because they did not work for anybody Many people who participated in the 1960s civil rights movement lost their jobs including Rosa Parks and her husband and without freedom papers people feared to stand up for what they believed.
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15. Black billionaires Madame CJ Walker was the first millionaire today there are 4 black billionaires on the Forbes List
