About Juneteenth

A Proud Juneteenth In America 2020

A century ago, an empire of African American businesses was built in Tulsa. Though it all came burning down in the massacre of 1921.

In 1921, Tulsa, Oklahoma’s Greenwood District, known as Black Wall Street, was one of the most prosperous African-American communities in the United States. But the Tulsa Tribune reported that a black man attempted to rape a white woman. Whites in the area refused to wait for the investigative process to play out, sparking two days of unprecedented racial violence. Thirty-five city blocks went up in flames, 300 people died, and 800 were injured. Defense of white female virtue was the expressed motivation for this collective racial violence.

The riot was one of the most devastating massacres in the history of U.S. race relations, destroying the once thriving Greenwood community. Nine thousand people became homeless.

On Black Wall Street there were modern, majestic, sophisticated, and unapologetically black communities that had black-owned banks, hotels, cafés, clothiers, movie theaters, and architecturally beautiful homes with indoor plumbing and a remarkable school system that superiorly educated black children. Less fortunate white neighbors resented their upper-class lifestyle. As a result of a jealous desire to put Blacks in their place, a wave of domestic white terror rained on Black Wall Street.

There were reports that white men flew airplanes above Greenwood, dropping kerosene bombs. “Tulsa was likely the first city” in the United States “to be bombed from the air,” according to a 2001 report by the Oklahoma Commission to Study the Tulsa Race Riot of 1921.

As a result of segregation, a “dollar circulated 36 to 100 times” and remained in Greenwood “almost a year before leaving. Even more impressive, at that time, the state of Oklahoma had only two airports, yet six black families owned their planes.

New generations of entrepreneurs rose from the ashes :


Publicly-Traded Black-Owned Company Stocks (*Black Run Companies as they are Publicly Owned Companies)

*Urban One – UONE
Urban One, Inc., operates as an urban-oriented multi-media company in the United States. Urban One’s stock is no longer a penny stock, with its market value surging to over $500M in the last few days. In just the past five days, shares are up 1,555%.

It seems to be benefiting from a perfect storm of opportunity: Calls to “Buy Black” and #BlackStocksMatter Movement that has resulted in new investments in Black-owned and focused businesses in the wake of protests over the killing of George Floyd, and Urban One has experienced a flood of new retail investors interest amid the momentum of the stock.

Another Success Story :

*Carver Bank – CARV

Carver Bancorp, Inc. operates as a bank holding company for Carver Federal Savings Bank, a federally chartered savings bank that provides consumer and commercial banking services for consumers, businesses, and governmental and quasi-governmental agencies primarily in New York.

*Broadway Federal Bank – BYFC

Broadway Financial Corporation operates as the holding company for Broadway Federal Bank, f.s.b. that provides savings and loan business services for low to moderate-income communities in Southern California.

*These three (3) stocks hit New Record Highs up as much as 1,555%.

This is the economic movement. Be a part of it. MLK saw Blacks becoming economically empowered. That was part of The Dream. As the dollar circulated 36 to 100 times on Black Wall Street. Let’s Buy Black to support Black economic empowerment.

Here are some more Black Run Companies that are Publicly Traded Companies :

Citizens Bank – CZBS.
Industrial Bank – IBWC.
M & F Bank – MFBP.
American Shared Hospital Services – AMS.
RLJ Entertainment – RLJE.