Durham owes much of its wealth and history to tobacco. Through the second half of the 19th Century, Washington Duke and his family grew from a single farm into American Tobacco, which controlled 90% of all cigarette production for the United States. The Duke family donated money to Trinity College, which in 1924 was renamed Duke University.

In the early 20th Century, North Carolina Mutual Life Insurance Company, Mechanics & Farmers Bank, and Mutual Savings & Loan were founded in Durham by African-Americans. These prominent companies drew more African-American investment to Durham, to the point that Durham's Parrish Street neighborhood became known as "Black Wall Street." NC Mutual Life continues to this day as    More...