The Color of Money: Black Banks and the Racial Wealth Gap
Description
“Read this book. It explains so much about the moment…Beautiful, heartbreaking
work.” ―Ta-Nehisi Coates “A deep accounting of how America got to a point
where a median white family has 13 times more wealth than the median black
family.” ―The Atlantic “Extraordinary…Baradaran focuses on a part of the
American story that’s often ignored: the way African Americans were locked out
of the financial engines that create wealth in America.” ―Ezra Klein When the
Emancipation Proclamation was signed in 1863, the black community owned less
than 1 percent of the total wealth in America. More than 150 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. “Black capitalism has not improved
the economic lives of black people, and Baradaran deftly explains the reasons
why.” ―Los Angeles Review of Books “A must read for anyone interested in
closing America’s racial wealth gap.” ―Black Perspectives Read more
Features:
Product Details:
- Publisher : Belknap Press: An Imprint of Harvard University Press; Reprint edition (March 11, 2019)
- Language : English
- Paperback : 384 pages
- ISBN-10 : 0674237471
- ISBN-13 : 76
- Item Weight : 12 ounces
- Dimensions : 5.5 x 1 x 8.25 inches
- Best Sellers Rank: #59,679 in Books (See Top 100 in Books) #112 in Economic History (Books) #157 in Discrimination & Racism #168 in African American Demographic Studies (Books)
- #112 in Economic History (Books)
- #157 in Discrimination & Racism
| Dimensions | 8.31 × 5.51 × 1.3 in |
|---|---|
| Ean | 9780674237476 |
| GTIN | 09780674237476 |
| Isbn | 0674237471 |
| ISBN10 | 0674237471 |
| ISBN13 | 9780674237476 |
| Mpn | Does not apply |
| Upc | Does not apply |
| Brand | Belknap Press |
| Format | Paperback |
- Canada shipment can take up to 10 days
- Alaska, Hawaii, and Puerto Rico shipment can take up to 10 days, and some items may not be permitted to ship to these locations.
- If any shipment is not permitted to your area, full refund will be issued within two business days.
- Refund given as money back (no exchanges)
- Return Shipping to be paid by buyer, unless item defective or damaged.
- 15% Restocking fee applies unless return due to defective or damaged product.
- Perishable or Hazardous Goods are not returnable. Returns may require compliance with Manufacturer policies.
Related products
