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As a work of history, the book contains a disturbingly coherent narrative of racist plunder spanning from the Freedman’s Bureau bank to today’s payday lenders… Baradaran’s book is a must read for anyone interested in closing America’s racial wealth gap.
Sep 14, 2017 · 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.
In this important book, law professor Mehrsa Baradaran uses the history of black banking from emancipation to the present as a vehicle for exploring the origins and persistence of the racial wealth gap in America. This is more than a history of financial institutions, though.
- Mehrsa Baradaran
Sep 14, 2017 · 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.
Title: The color of money : black banks and the racial wealth gap / Mehrsa Baradaran. Description: Cambridge, Massachusetts : The Belknap Press of Harvard . University Press, 2017. | Includes bibliographical references and index. Identifiers: LCCN 2017011011 | ISBN 9780674970953 (cloth)
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- Mehrsa Baradaran
Sep 14, 2017 · Combining a rich historical sweep with in-depth analysis of the mechanics of banking, Baradaran unpacks the brutal dilemma facing black banks―how to create black wealth in the context of a segregated and unequal ‘Jim Crow’ economy.
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- Mehrsa Baradaran
