Greenwood before the massacre: how Black Wall Street was built
Greenwood was founded in 1906 by O.W. Gurley, a Black landowner who bought 40 acres in north Tulsa specifically to sell parcels to Black families during the oil boom. Within fifteen years, the district had grown to a self-contained community of more than 10,000 residents that supported its own doctors, lawyers, banks, theaters, hotels, schools, and newspapers. Tulsa's segregation laws kept Black workers from spending money in white-owned downtown businesses; Greenwood developed as the necessary economic response.
The wealth of Greenwood was a direct product of Tulsa's oil boom. Black workers who could not get hired in the oil fields themselves often worked as porters, cooks, drivers, and domestic staff for the oil-rich white families south of the railroad tracks, and they spent their wages back home in Greenwood. The result was a dollar that circulated 36 to 100 times within the Black community (the standard economic statistic of the era for Black Wall Street) before leaving, which compounded into significant wealth concentration.
Booker T. Washington visited Greenwood in 1913 and reportedly coined the nickname Black Wall Street during his visit. By 1921, the district was widely cited in the Black press as the most successful Black community in the United States. The exhibits at Greenwood Rising open with this story — the upward arc of the community — before any reference to the destruction.