Mikeoxenormous
Diamond Member
Black Wall Street
The best description of Black Wallstreet, or Little Africa as it was also known, would be liken it to a mini-Beverly Hills. It was the golden door of the Black community during the early 1900s, and it proved that African Americans had successful infrastructure. That's what Black Wallstreet was all about.
The dollar circulated 36 to 100 times, sometimes taking a year for currency to leave the community. Now in 1995, 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. One doctor was Dr. Berry who owned the bus system. His average income was $500 a day, a hefty pocket change in 1910.
During that era, physicians owned medical schools. There were also 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. It was a very fascinating community.
Here Are Just 10 of the Many Minority-Owned Businesses Destroyed in the Riots | Brad PolumboOn Black Wallstreet, a lot of global business was conducted. 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. Imagine walking out of your front door and seeing 1,500 homes being burned.
amed free-market economist Thomas Sowell once said that property rights “belong legally to individuals, but their real function is social, to benefit vast numbers of people who do not themselves exercise these rights.” Nobel laureate economist and philosopher Friedrich Hayek made a similar point, remarking that “The system of private property is the most important guarantee of freedom, not only for those who own property, but scarcely less for those who do not.”
Nothing has changed with the Democrat party, they must subjugate blacks and other minorities to keep them on the dole, not self sufficient because those that do become happy and prosperous, dont need an overbearing government to take care of them. Every time the blacks get set to have the American dream, the Democrats rise up and burn the system down.When property rights are insecure or routinely violated—widespread looting and arson are prime examples—the very foundation of a community’s economy is undermined. Investors understandably balk at the uncertainty and forego investing there, while entrepreneurs cannot launch new enterprises or even continue current ones without the knowledge that they will be secure in their property. As a result, job opportunities and income streams dry up. This is why securing property rights is perhaps the government’s most basic function and responsibility.