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The Resource The color of money : Black banks and the racial wealth gap, Mehrsa Baradaran

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

Label
The color of money : Black banks and the racial wealth gap
Title
The color of money
Title remainder
Black banks and the racial wealth gap
Statement of responsibility
Mehrsa Baradaran
Creator
Author
Subject
Language
eng
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 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 Catch-22 of black banking is that the very institutions needed to help communities escape the deep poverty caused by discrimination and segregation inevitably became victims of that same poverty. Not only could black banks not "control the black dollar" due to the dynamics of bank depositing and lending but they drained black capital into white banks, leaving the black economy with the scraps. Baradaran challenges the long-standing notion that black banking and community self-help is the solution to the racial wealth gap. These initiatives have functioned as a potent political decoy to avoid more fundamental reforms and racial redress. Examining the fruits of past policies and the operation of banking in a segregated economy, she makes clear that only bolder, more realistic views of banking's relation to black communities will end the cycle of poverty and promote black wealth."--Jacket
Cataloging source
MH/DLC
http://library.link/vocab/creatorDate
1978-
http://library.link/vocab/creatorName
Baradaran, Mehrsa
Dewey number
330.9/008996073
Index
index present
LC call number
E185.8
LC item number
.B24 2017
Literary form
non fiction
Nature of contents
bibliography
http://library.link/vocab/subjectName
  • African Americans
  • African American banks
  • Discrimination in banking
  • African Americans
  • Wealth
Label
The color of money : Black banks and the racial wealth gap, Mehrsa Baradaran
Instantiates
Publication
Copyright
Bibliography note
Includes bibliographical references (pages 289-357) and index
Carrier category
volume
Carrier category code
  • nc
Carrier MARC source
rdacarrier
Content category
text
Content type code
  • txt
Content type MARC source
rdacontent
Contents
Forty acres or a savings bank -- Capitalism without capital -- The rise of black banking -- The new deal for white America -- Civil rights dreams, economic nightmares -- The decoy of black capitalism -- The free market confronts black poverty -- The color of money matters
Control code
ocn981761511
Dimensions
25 cm
Extent
371 pages
Isbn
9780674970953
Lccn
2017011011
Media category
unmediated
Media MARC source
rdamedia
Media type code
  • n
Specific material designation
regular print
System control number
(OCoLC)981761511
Label
The color of money : Black banks and the racial wealth gap, Mehrsa Baradaran
Publication
Copyright
Bibliography note
Includes bibliographical references (pages 289-357) and index
Carrier category
volume
Carrier category code
  • nc
Carrier MARC source
rdacarrier
Content category
text
Content type code
  • txt
Content type MARC source
rdacontent
Contents
Forty acres or a savings bank -- Capitalism without capital -- The rise of black banking -- The new deal for white America -- Civil rights dreams, economic nightmares -- The decoy of black capitalism -- The free market confronts black poverty -- The color of money matters
Control code
ocn981761511
Dimensions
25 cm
Extent
371 pages
Isbn
9780674970953
Lccn
2017011011
Media category
unmediated
Media MARC source
rdamedia
Media type code
  • n
Specific material designation
regular print
System control number
(OCoLC)981761511

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