Auburn Avenue was once the wealthiest black commercial district in the world

Evidence

At the same time, more of Perry’s men founded the Mutual Federal Savings & Loan Association. In time, these two institutions, along with nearby Atlanta Life, would form such a formidable financial center that Fortune magazine would christen Auburn Avenue “the richest Negro street in the world.” — Kevin M. Kruse, White Flight, 74

Categorization

• CANDY: A compact bar-trivia fact: ‘the richest Negro street in the world’ per Fortune, built on profits from a former slave’s barbershops.
• XREF: connects to: Black ministers deliberately fused churches with Auburn Avenue financial institutions to build community power — Kevin M. Kruse, White Flight: Atlanta and the Making of…, 76

Broader Connections

• Black ministers deliberately fused churches with Auburn Avenue financial institutions to build community power #expands (0.78) — Kevin M. Kruse, White Flight, 76