So many seem to either not know, or forget, about #BlackWallStreet. One of the most impactful teachings of my MBA education was my finance class. “Compounding”, as it relates to interest, wasn’t new to me, but the repetitive application of it forced me to really understand it’s long term impact, and that life itself is an act of compounding; from your relationship with your significant other, to your ascension in your career. When we revisit the Tulsa Massacre, it leaves me to question what would compounding have produced in the last 103yrs if our grandparents and great grandparents had the opportunity for “Black Wallstreets” across the country. My father (71) who became the neighborhood electrician, told me about not being able to get into the electrical trade as a young Black guy from the Southside of Chicago because “those white boys wouldn’t sponsor Blacks”. My mother (76) told me about a particular day of being chased home from Lindbloom HS by a group of white men, utterly terrified. She also told me the only reason my grandfather was able to drive a bus was because he was fair skinned enough to pass for white and that he didn’t “look” Black. The stories of our parents, grandparents, and great grandparents doesn’t mean that Black folks in America NEVER EVER had opportunities, or that white Americans NEVER opened any doors for us. We know that’s not true. But when you think about compounding in life, what did compounding produce for my fellow Americans who freely went to institutions of higher learning, purchased homes, started businesses, invested in businesses, bought land etc? The anti discrimination laws in housing, employment, and education came into existence for a reason. What do you think that reason was? Highlighting America’s dark history isn’t about being a “victim”. I have three degrees and speak two languages, ain’t nothing “victim” about me, (yes I said ain’t). But I’ve witnessed firsthand the luxuries compounding has granted non Black Americans, like receiving hefty down payments on their homes from their parents and grandparents, or debt free college education. My student loan balance would make your jaw hit the floor and knock your teeth out. Young, educated and over qualified, Black men, women, and nonbinary folks across the country don’t want a handout, we just want an opportunity to “compound”. You’d be misguided to think racial biases, and racial hierarchy is not alive and well in 2024. America used us to build a mansion, and then told us to sleep outside.
May we never forget the many lives lost and the once-thriving Black community that was devastated in #Tulsa 103 years ago today. #NeverForget
VP | Senior Community Relations Consultant at Wells Fargo
4moCan’t wait to see this documentary!!