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

Author: Mehrsa Baradaran
Publisher: Cambridge, Massachusetts : The Belknap Press of Harvard University Press, 2017
Edition/Format:   Print book : English
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: 1098211009
Notes: Introduction 1. Forty Acres or a Savings Bank 2. Capitalism without Capital 3. The Rise of Black Banking 4. The New Deal for White America 5. Civil Rights Dreams, Economic Nightmares 6. The Decoy of Black Capitalism 7. The Free Market Confronts Black Poverty 8. The Color of Money Matters Epilogue Notes Acknowledgments Index.
Description: 371 s.

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's point is to show how white and Black Americans effectively live in two separate economies... As a work of history, the book contains a disturbingly coherent narrative of racist plunder Read more...

 
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