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

Available copies

  • 1 of 1 copy available at Sage Library System. (Show)
  • 1 of 1 copy available at Baker County Library District. (Show)
  • 1 of 1 copy available at Baker County Library.

Current holds

0 current holds with 1 total copy.

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 one hundred and fifty years later, that number has barely budged. 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 to support black banks and minority-owned businesses. But 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. In this timely and eye-opening account, Baradaran challenges the long-standing belief that black communities could ever really hope to accumulate wealth in a segregated economy." --Back cover.
Location Call Number / Copy Notes Barcode Shelving Location Circulation Modifier Age Hold Protection Active/Create Date Status Due Date
Baker County Library 330.9008996073 .B223c 2019 (Text) 37814003311199 NON-FICTION - NEW Book System_Only_3months 12/16/2020 on display -

Record details

  • ISBN: 9780674237476
  • ISBN: 0674237471
  • Physical Description: 371 pages ; 21 cm
  • Edition: First Harvard University Press paperback edition.
  • Publisher: Cambridge, Massachusetts : The Belknap Press of Harvard University Press, 2019.

Content descriptions

Bibliography, etc. Note:
Includes bibliographical references (pages 289-357) and index.
Formatted Contents Note:
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.
Summary, etc.:
"When the Emancipation Proclamation was signed in 1863, the black community owned less than one percent of the United States' total wealth. More than one hundred and fifty years later, that number has barely budged. 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 to support black banks and minority-owned businesses. But 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. In this timely and eye-opening account, Baradaran challenges the long-standing belief that black communities could ever really hope to accumulate wealth in a segregated economy." --Back cover.
Subject: African Americans > Economic conditions.
African American banks > History.
Discrimination in banking > United States > History.
African Americans > Finance.
Wealth > United States > History.
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