The Color of Money seeks to explain the stubborn persistence of this racial wealth gap by focusing on the generators of wealth in the black community: black banks. With the civil rights movement in full swing, President Nixon promoted “black capitalism,” a plan /5(K). · “ Baradaran provides a pivotal understanding of how our racialized history structured the disparity between the black and white share of the nation’s wealth and how it continues to inhibit the development of black capital and black banks. Her book puts to rest, once and for all, the trope that self-help, buying black, and black banking are the panacea to black prosperity. Author: Mehrsa Baradaran Publisher: Harvard University Press ISBN: Format: PDF, Kindle Pages: Category: African American banks Languages: en Size: MB View: Get Book. The Color Of Money Mehrsa Baradaran The Color Of Money Black Banks And The Racial Wealth Gap by Mehrsa Baradaran, The Color Of Money Books available in PDF, EPUB, Kindle, Docs and .
Mehrsa Baradaran is Professor of Law at UC Irvine School of Law and a celebrated authority on banking law. In addition to the prizewinning The Color of Money: Black Banks and the Racial Wealth Gap, she is author of How the Other Half Banks: Exclusion, Exploitation, and the Threat to www.doorway.ru has advised U.S. senators and representatives on policy and spoken at national and international. Mehrsa Baradaran has produced an important, sobering assessment of historic and contemporary African American banks. Although The Color of Money focuses on black financial institutions, the book's scope is much larger than an examination of a particular industry. In fact, Baradaran provides an overview of American and African American economic history from the era of slavery to the present. 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 that black communities could ever accumulate wealth in a segregated economy.
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 that black communities could ever accumulate wealth in a segregated economy. Instead, housing segregation, racism, and Jim Crow credit policies created an inescapable, but hard to detect, economic trap for black communities and their banks. The Color of Money, page Using simple arithmetic: $ divides by $ = Translation: because black families and white families have access to the same investments universe, white families will always accumulate times more wealth than black families on AVERAGE. 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 that black communities could ever accumulate wealth in a segregated economy.
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