75 Years Later, Tulsa Confronts Its Race Riot
The Tulsa of 1921 was awash in oil money, so much so that even the poorer,predominantly black Greenwood section enjoyed a measure of prosperity that earned it a reputation as "the Negro Wall Street of America."
All that changed in the span of a few hours on June 1 of that year, when Greenwood burned in one of the worst incidents of racial violence in the nation's history, one that left scores of people dead and 40 city blocks looted, then leveled. Twenty-three churches and 1,000 homes and businesses were ruined.
But as the years and then decades passed, Tulsa seemed determined to forget the riot. No memorial was erected; no citywide commemoration was held; not a single person was ever charged with the deaths or the fires. In the city library, articles about the riot and the formation of white lynch mobs were simply cut out of that day's issue of The Tulsa Tribune.
And when the 50th anniversary arrived, "as bitter as the wounds were, nobody really wanted to talk about it," recalled the Rev. G. Calvin McCutchen Sr., pastor of Mount Zion Baptist Church. "It's almost as if it never occurred."
75 Years Later, Tulsa Confronts Its Race Riot
and what's the modern excuse for not have examples of growing black communities?
The are growing black communities
10 of the Richest Black Communities in America
10 of the Richest Black Communities in America
There would be more if not for white racism..
How the U.S. Government Locked Black Americans Out of Attaining the American Dream
Let’s start at the beginning. What is the genesis of the racial wealth gap?
It all starts with slavery. When we fought over slavery and, as an institution, it dissolved, we never confronted the justifications around it. Those things lingered, and so did this desire, this need—especially in the South—to use blacks as labor and not capital. Black bodies
were capital, but blacks themselves could not control capital. They had to be labor. That lingered well after slavery.
In order to create wealth, you need capital. And if you
are capital, and if you’re only subscribed to labor based on Jim Crow laws—which is exactly the purpose for Jim Crow in the southern economy, post-slavery—then you can’t build wealth. So that’s the genesis of the wealth gap. What I show in the book is that it doesn’t resolve itself. From the Civil War until today, the wealth gap has barely budged. In fact, the total amount of wealth owned by the black population has not grown at all appreciably—not noticeably—in the last 150 years.
More.
OK, let’s talk about the flip side of that: racial inclusion. How historically, middle-class white people were included in these sweeping government programs that helped them get a business loan, get a college education, get a house. I feel like that’s something that gets left out of the conversation, is delineating how many sweeping government programs there have been with the express purpose of building up white wealth.
To the extent that white Americans became middle class, it is through the credit infrastructure that was bolstered and sponsored by the federal government. Starting in 1934, there are all of these agencies and programs—the
Home Owners Loan Corporation, the
Federal Housing Administration, the FDIC insurance program—that loosened up credit and capital. All of a sudden, mortgage credit was abundant. Anyone could get mortgage credit. Blue-collar workers could afford a mortgage. A mortgage became much more affordable than renting in the city. So they all moved out to the suburbs.
The most important distinction for who could get these mortgages or not was race. They mapped out the country through racial zones. This was explicit, through government programs. This created the white suburbs, and created generational prosperity. It also created the black ghetto. The wealth gap existed before then, because of Jim Crow and segregation, but in the 20th century, these government credit facilities cemented the wealth gap for our generation.
Even as we have the Civil Rights Era, and the Civil Rights Act outlaws
de jure Jim Crow, all of these economic cycles and processes remain intact. Banks are the engines of the economy. And when you dissect these engines—and I do it through looking at their loans and their deposits—you see exactly how white banks create wealth, and you see exactly how black banks are stuck in this trap of segregation, of concentrated poverty.
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https://splinternews.com/how-the-u-s-government-locked-black-americans-out-of-a-1819221197