The color of money :: Black banks and the racial wealth gap /
"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 gene...
Gespeichert in:
| 1. Verfasser: | |
|---|---|
| Format: | Elektronisch E-Book |
| Sprache: | English |
| Veröffentlicht: |
Cambridge, Massachusetts :
The Belknap Press of Harvard University Press,
2017.
|
| Schlagworte: | |
| Online-Zugang: | Volltext |
| Zusammenfassung: | "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"-- |
| Beschreibung: | 1 online resource (371 pages) |
| Bibliographie: | Includes bibliographical references (pages 289-357) and index. |
| ISBN: | 9780674982284 0674982282 0674982304 9780674982307 |
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| 245 | 1 | 4 | |a The color of money : |b Black banks and the racial wealth gap / |c Mehrsa Baradaran. |
| 246 | 3 | 0 | |a Black banks and the racial wealth gap |
| 264 | 1 | |a Cambridge, Massachusetts : |b The Belknap Press of Harvard University Press, |c 2017. | |
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| 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 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"-- |c Jacket. | ||
| 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. | |
| 588 | 0 | |a Online resource; title from PDF title page (EBSCO, viewed October 6, 2017). | |
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| 650 | 6 | |a Discrimination dans les banques |z États-Unis |x Histoire. | |
| 650 | 6 | |a Noirs américains |x Finances. | |
| 650 | 6 | |a Richesse |z États-Unis |x Histoire. | |
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| 776 | 0 | 8 | |i Print version: |a Baradaran, Mehrsa, 1978- |t Color of money. |d Cambridge, Massachusetts : The Belknap Press of Harvard University Press, 2017 |z 9780674970953 |w (DLC) 2017011011 |w (OCoLC)981761511 |
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| 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. |
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| publisher | The Belknap Press of Harvard University Press, |
| record_format | marc |
| spelling | Baradaran, Mehrsa, 1978- author. https://id.oclc.org/worldcat/entity/E39PBJth4WrfgmyP7gqvrQvCQq http://id.loc.gov/authorities/names/n2015013070 The color of money : Black banks and the racial wealth gap / Mehrsa Baradaran. Black banks and the racial wealth gap Cambridge, Massachusetts : The Belknap Press of Harvard University Press, 2017. ©2017 1 online resource (371 pages) text txt rdacontent computer c rdamedia online resource cr rdacarrier "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. Includes bibliographical references (pages 289-357) and index. 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. Online resource; title from PDF title page (EBSCO, viewed October 6, 2017). African Americans Economic conditions. http://id.loc.gov/authorities/subjects/sh85001945 African American banks History. Discrimination in banking United States History. African Americans Finance. Wealth United States History. Noirs américains Conditions économiques. Banques noires américaines Histoire. Discrimination dans les banques États-Unis Histoire. Noirs américains Finances. Richesse États-Unis Histoire. BUSINESS & ECONOMICS Economics General. bisacsh BUSINESS & ECONOMICS Reference. bisacsh BUSINESS & ECONOMICS Banks & Banking. bisacsh African American banks fast African Americans Economic conditions fast Discrimination in banking fast Wealth fast United States fast https://id.oclc.org/worldcat/entity/E39PBJtxgQXMWqmjMjjwXRHgrq History fast has work: The color of money (Text) https://id.oclc.org/worldcat/entity/E39PCG8m9dfTyHktDbWPY4Ymv3 https://id.oclc.org/worldcat/ontology/hasWork Print version: Baradaran, Mehrsa, 1978- Color of money. Cambridge, Massachusetts : The Belknap Press of Harvard University Press, 2017 9780674970953 (DLC) 2017011011 (OCoLC)981761511 FWS01 ZDB-4-EBU FWS_PDA_EBU https://search.ebscohost.com/login.aspx?direct=true&scope=site&db=nlebk&AN=1611132 Volltext |
| spellingShingle | Baradaran, Mehrsa, 1978- The color of money : Black banks and the racial wealth gap / 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. African Americans Economic conditions. http://id.loc.gov/authorities/subjects/sh85001945 African American banks History. Discrimination in banking United States History. African Americans Finance. Wealth United States History. Noirs américains Conditions économiques. Banques noires américaines Histoire. Discrimination dans les banques États-Unis Histoire. Noirs américains Finances. Richesse États-Unis Histoire. BUSINESS & ECONOMICS Economics General. bisacsh BUSINESS & ECONOMICS Reference. bisacsh BUSINESS & ECONOMICS Banks & Banking. bisacsh African American banks fast African Americans Economic conditions fast Discrimination in banking fast Wealth fast |
| subject_GND | http://id.loc.gov/authorities/subjects/sh85001945 |
| title | The color of money : Black banks and the racial wealth gap / |
| title_alt | Black banks and the racial wealth gap |
| title_auth | The color of money : Black banks and the racial wealth gap / |
| title_exact_search | The color of money : Black banks and the racial wealth gap / |
| title_full | The color of money : Black banks and the racial wealth gap / Mehrsa Baradaran. |
| title_fullStr | The color of money : Black banks and the racial wealth gap / Mehrsa Baradaran. |
| title_full_unstemmed | The color of money : Black banks and the racial wealth gap / Mehrsa Baradaran. |
| title_short | The color of money : |
| title_sort | color of money black banks and the racial wealth gap |
| title_sub | Black banks and the racial wealth gap / |
| topic | African Americans Economic conditions. http://id.loc.gov/authorities/subjects/sh85001945 African American banks History. Discrimination in banking United States History. African Americans Finance. Wealth United States History. Noirs américains Conditions économiques. Banques noires américaines Histoire. Discrimination dans les banques États-Unis Histoire. Noirs américains Finances. Richesse États-Unis Histoire. BUSINESS & ECONOMICS Economics General. bisacsh BUSINESS & ECONOMICS Reference. bisacsh BUSINESS & ECONOMICS Banks & Banking. bisacsh African American banks fast African Americans Economic conditions fast Discrimination in banking fast Wealth fast |
| topic_facet | African Americans Economic conditions. African American banks History. Discrimination in banking United States History. African Americans Finance. Wealth United States History. Noirs américains Conditions économiques. Banques noires américaines Histoire. Discrimination dans les banques États-Unis Histoire. Noirs américains Finances. Richesse États-Unis Histoire. BUSINESS & ECONOMICS Economics General. BUSINESS & ECONOMICS Reference. BUSINESS & ECONOMICS Banks & Banking. African American banks African Americans Economic conditions Discrimination in banking Wealth United States History |
| url | https://search.ebscohost.com/login.aspx?direct=true&scope=site&db=nlebk&AN=1611132 |
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