Own Your Own: Cooperative Economics in the Black Community
Black Economic Power & WealthBlack economic power is based in the collective usage of cooperative economics and the joint usage of shared resources. Wealthy Black individuals like Sara Rector and Madame C.J. Walker have a history of contributing to the arts and historical societies for the preservation of Black history and culture. Groups like the Order of the True Reformers led by Reverend William Washington Browne organized collective efforts like establishing Black businesses and financial institutions. Whether it be through humanitarian efforts like the Free African Society in Philadelphia or the Universal Negro Improvement Association (UNIA) with Marcus Garvey, there is a history and legacy of Black economic power and collective wealth within the Black community.
Collective Work TodayOne United Bank and Greenwood Bank represent the modern era of Black economic power. Collective efforts to pool resources remain as opportunities for Black communities to own their own businesses and entities to obtain and sustan wealth.
This is simply a small presentation on the depth and breadth of the wealth of Black cooperative economics within the Black community for Black History Month.