The color of money: Black banks and the racial wealth gap
(Book)
"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.
Notes
Baradaran, M. (2019). The color of money: Black banks and the racial wealth gap. First Harvard University Press paperback edition. Cambridge, Massachusetts, The Belknap Press of Harvard University Press.
Chicago / Turabian - Author Date Citation (style guide)Baradaran, Mehrsa, 1978-. 2019. The Color of Money: Black Banks and the Racial Wealth Gap. Cambridge, Massachusetts, The Belknap Press of Harvard University Press.
Chicago / Turabian - Humanities Citation (style guide)Baradaran, Mehrsa, 1978-, The Color of Money: Black Banks and the Racial Wealth Gap. Cambridge, Massachusetts, The Belknap Press of Harvard University Press, 2019.
MLA Citation (style guide)Baradaran, Mehrsa. The Color of Money: Black Banks and the Racial Wealth Gap. First Harvard University Press paperback edition. Cambridge, Massachusetts, The Belknap Press of Harvard University Press, 2019.
Record Information
| Last Sierra Extract Time | Apr 30, 2024 10:58:50 AM |
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| Last File Modification Time | Apr 30, 2024 11:04:29 AM |
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| 245 | 1 | 4 | |a The color of money :|b Black banks and the racial wealth gap /|c Mehrsa Baradaran. |
| 250 | |a First Harvard University Press paperback edition. | ||
| 264 | 1 | |a Cambridge, Massachusetts :|b The Belknap Press of Harvard University Press,|c 2019. | |
| 264 | 4 | |c ©2017 | |
| 300 | |a 371 pages ;|c 21 cm | ||
| 336 | |a text|b txt|2 rdacontent | ||
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| 338 | |a volume|b nc|2 rdacarrier | ||
| 504 | |a Includes bibliographical references (pages 289-357) and index. | ||
| 505 | 0 | |a 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. | |
| 520 | |a "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. | ||
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