Black Wall Street, durham, North Carolina

By Michael Hill, 2003
http://www.ncmarkers.com/

See also:  Mechanics and Farmers BankNorth Carolina Mutual Life Insurance CompanyA Black Capital for the World to SeeVisionary Leadership in the New SouthA Legacy of Community and Institutional ConnectionsTobacco and E.J. Parrish

In the early twentieth century, Parrish Street in Durham constituted what today would be called an enterprise zone, propelled by the Bull City’s African American businessmen. Nationally recognized, the business district acquired the nickname “Black Wall Street.” The four-block area complemented the Hayti community just to the south, the principal residential district for black Durham residents and center of the city’s educational, cultural, and religious life. In a period when race relations elsewhere in North Carolina were at an all-time low, Durham’s black businessmen, with the tacit support (or tolerance, at any rate) of their white counterparts, made strides. 

John Merrick, Dr. Aaron Moore, and C. C. Spaulding, the “Triumvirate” at the head of North Carolina Mutual Life Insurance Company, the nation’s largest black-owned insurance company, moved their headquarters in 1906 to Parrish, to be joined by Mechanics and Farmers Bank, founded by R. B. Fitzgerald and W. G. Pearson, in 1907. The Mutual leaders had other ventures, among them real estate and textiles. When W. E. B. Du Bois visited in 1912, he recorded an unparalleled level of black entrepreneurship, crediting the tolerant attitude of the city’s whites and writing “it is precisely the opposite spirit in places like Atlanta.” Booker T. Washington visited in 1910 and cited the ambition and thrift of the residents. Urban renewal in the 1960s had a destructive effect on Durham’s black business community, especially Hayti, but by that time the heyday of Parrish Street had passed. 

 

Educator Resources:

Grade 8: A Street With a Story:  The History of Durham’s “Black Wall Street”. NC Civic Education Consortium. http://civics.sites.unc.edu/files/2012/04/ParrishStreet.pdf


References: 

Dorothy Phelps Jones, The End of an Era (2001) 

Booker T. Washington, “Durham, North Carolina, a City of Negro Enterprise,” Independent (March 30, 1911): 643 ff. 

W. E. B. Du Bois, “The Upbuilding of Black Durham: The Success of the Negroes and Their Value to a Tolerant and

Helpful Southern City,” World’s Work (January 1912): 334-338—online at http://docsouth.unc.edu/nc/dubois/menu.html 

Jean Bradley Anderson, Durham County: A History of Durham County, North Carolina (1990) 

Jeffrey J. Crow, Paul D. Escott, and Flora J. Hatley, A History of African Americans in North Carolina (1992) 

 

Authors: 
Origin - location: 
User Tags: 

Add a comment

PLEASE NOTE: NCpedia will not publish personal contact information in comments, questions, or responses. If you would like a reply by email, please note thats some email servers are blocked from accepting messages from outside email servers or domains. These often include student email addresses from public school email accounts. If you prefer not to leave an email address, check back at your NCpedia comment for a reply. Please allow one business day for replies from NCpedia. Complete guidelines are available at http://ncpedia.org/comments.