“Fast” Eddie Felson, the protagonist of Tevis's first novel The Hustler, returns in Tevis's last novel, The Color of Money. Eddie is 50 and broke. He's coming off a divorce, the sale of his pool hall, and uncertainty about his future.
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
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.
Dec 13, 2017 · I think of myself as pretty informed about financial history in the United States, but Mehrsa Baradaran’s The Color of Money: Black Banks and the Racial Wealth Gap covers a whole area of history about which I knew very little. In a narrow sense Baradaran’s book is about the history of black-owned and black-customer-oriented banks.
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.
- Paperback (New Edition)
- Harvard University Press
Mar 07, 2019 · Baradaran’s book is a particularly devastating attack on the idea that noninterference in the market, and the persistence of a segregated economic system, will be able to correct the huge gap in black and white wealth.
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For black families, each dollar creates only sixty-nine cents ($0.69) in total wealth.” The Color of Money, page 249-250. Using simple arithmetic: $5.19 divides by $0.69 = 7.52.
- Mehrsa Baradaran
Detailed plot synopsis reviews of The Color of Money It's been 25 years since Fast Eddie Felson (Newman) was at the top of his game as a pool hustler (as depicted in the 1961 film "The Hustler," starring young Paul Newman and based on a Walter Tevis novel).