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The color of money. Black banks and the racial wealth gap.

Author: Mehrsa Baradaran
Publisher: Cambridge : Harvard University Press 2017.
Edition/Format:   Print book : EnglishView all editions and formats
Summary:
When the Emancipation Proclamation was signed in 1863, the black community owned less than one percent of the United States' total wealth. More than 150 years later, that number has barely budged. The Color of Money pursues the persistence of this racial wealth gap by focusing on the generators of wealth in the black community: black banks. Studying these institutions over time, Mehrsa Baradaran challenges the myth  Read more...
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Genre/Form: History
Document Type: Book
All Authors / Contributors: Mehrsa Baradaran
ISBN: 9780674970953 0674970950
OCLC Number: 1020678773
Description: 360 pages
Responsibility: Mehrsa Baradaran.

Abstract:

In 1863 black communities owned less than 1 percent of total U.S. wealth. Today that number has barely budged. Mehrsa Baradaran pursues this wealth gap by focusing on black banks. She challenges the  Read more...

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Baradaran...provides a deep accounting of how America got to a point where a median white family has 13 times more wealth than the median black family.--Gillian B. White"The Atlantic" (09/01/2017) Read more...

 
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