The Destruction of Black Wall Street: Tulsa's 1921 Riot and the Eradication of Accumulated Wealth

Chris M. Messer, Thomas E. Shriver and Alison E. Adams

American Journal of Economics and Sociology, 2018, vol. 77, issue 3-4, 789-819

Abstract: The Tulsa race riot of 1921 was one of the most destructive riots in American history. Prior to the riot, the Greenwood community was among the wealthiest African‐American neighborhoods in the state. Residents of Greenwood had successfully developed their own business infrastructure, and by the early 1920s the neighborhood was rapidly expanding and flourishing economically. The attack by white citizens on a flourishing black neighborhood not only resulted in mass casualties, but it destroyed nearly all of the African‐American‐owned businesses and churches, as well as many residential properties. The economic prosperity of Greenwood was literally obliterated overnight. The Greenwood community was perceived as a threat to white hegemony. The riot and its aftermath served to effectively impede African‐American prosperity. The city of Tulsa provided very little monetary assistance following the event. Greenwood residents attempted to rebuild following the destruction, but the community never regained the same economic standing. We argue that the Tulsa riot of 1921 was one of many examples of racial violence during the early part of the 20th century that had long‐lasting economic and social legacies for African Americans.

Date: 2018
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