The Week (US)
How much was lost?
A 2001 report by an Oklahoma state commission put the cost of the properties destroyed in Greenwood at $1.8 million, or $27 million in today’s dollars. R.T. Bridgewater, a Black doctor and property owner, lost 17 houses he had built as rental investment properties. O.W. Gurley, a wealthy landowner who founded Greenwood in 1906, lost nearly $158,000, equivalent to $2.3 million today. The Tulsa massacre was a dramatic example of how African-Americans have been denied the opportunity to accumulate wealth: To this day, 1 out of 3 Black people in the Greenwood area live in poverty, and the median income for Black households is $30,955—about 55 percent of white households’. Still, the true story of the Tulsa massacre was hidden until very recently.