Church’s real estate, bank, and other businesses on Beale Street were symbols of Black wealth and infrastructure that facilitated the growth of a culturally rich Black middle class.
Many in the city's White elite worked to dismantle Black wealth, with buildings burned for the 'crime' of amassing Black wealth, leading to significant loss of life quality.
The median income in the majority Black neighborhood today has drastically fallen to $19,844, with a poverty rate of 52.4%, highlighting systemic economic struggles.
In Memphis today, Black Americans are organizing to rebuild cultural institutions and restore Black economies, reflecting a growing commitment to reclaiming community and heritage.
#black-wealth #historical-figures #cultural-institutions #economic-disparities #community-rebuilding
Collection
[
|
...
]