![]() 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. Instead, housing segregation, racism, and Jim Crow credit policies created an inescapable, but hard to detect, economic trap for black communities and their banks. ![]() Studying these institutions over time, Mehrsa Baradaran challenges the myth that black communities could ever accumulate wealth in a segregated economy. "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. More than 150 years later, that number has barely budged. ![]() ![]() Join us for a discussion with Mehrsa Baradaran, author of "The Color of Money: Black Banks and the Racial Wealth Gap." A Q&A and signing will follow the discussion.Ībout the Book: When the Emancipation Proclamation was signed in 1863, the black community owned less than one percent of the United States’ total wealth. “Baradaran…provides 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.”― Gillian B. Free and open to the public More Information ![]()
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