the colour of money book

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the colour of money bookgrocery gateway promo code july 2020

In March 2020, Vivian’s Door started a book club: their first pick was The Color of Money: Black Banks and the Racial Wealth Gap by Mehrsa Baradaran. I researched many different black banks and found OneUnited to fit my needs. Firstly, it explains the massive inequalities among the races and gives an answer to “why?” rather than simply stating the data. "The wealth gap is where injustices sown in the past grow imperceptibly in the present."

It has a title that will turn off some because a book about banking sounds boring, and a book about a racial wealth gap would scare away those who would think it is too "radical." I think examThis is exactly what I did after reading The Color of Money. It had a good review of the standard host of truly deplorable actions taken against Blacks in the US but I was disappointed with the little it seemed to add.

A swift, beautiful, and chastening book, Combining a rich historical sweep with in-depth analysis of the mechanics of banking, Baradaran unpacks the brutal dilemma facing black banks—how to create black wealth in the context of a segregated and unequal ‘Jim Crow’ economy. 1 Mehrsa Baradaran’s new book, The Color of Money: Black Banks and the Racial Wealth Gap, tries to parse through the economic, historical, and political factors …

This book greatly details how that came to be and how that continues today, with a glimmer of hope for possible political remedies in the future.If you’re a history, banking or economist nerd then this book is for you. The more one reads about the history of blacks in America, the more examples one finds of how thoroughly the odds have been stacked against him.This book is particularly relevant right now on the eve of the potentially disastrous Tax Reform Bill as it dismantles not only the myths used to explain the racial wealth gap but also the fallacy of trickle down economics. If you're like me, you’ve probably read a number of books on the African-American experience spanning the gamut, from historical to present day perspectives. Specifically, Baradaran at times blurs the distinctions between banking, money supply, and the overall banking system. Baradaran explains how, for most of the twentieth century, the very federal and state policies credited with creating America’s large middle class systematically excluded African American communities. Still, all information was relevant and necessary to the discussion, and the research was very thoroughly cited. This book offers an in-depth sociological exploration of present-day colorism in the lives of black The film Although the title of the book suggests that it will be mostly about black banks, it provides a sweeping overview of the economics of the black community since slavery and how US policies have created the previous and current disproportionate economic hardships faced by the black community. This is an excellent history of Black banking and economics in the USA. Oscar-nominated in 1961 for his performance as pool hustler Fast Eddie Felson in The Hustler, Paul Newman won that award a quarter century later when he reprised the role in The Color of Money… Let us know what’s wrong with this preview of Moreover, these chapters lay out precisely how racism, in both its de jure and structural forms, have continuously burdened black families with lower priced assets (whether the value of a home or a business) and higher debt loads, and forced them into more economically fragile neighborhoods.

There was an error retrieving your Wish Lists. The book could have been shorter with less historical grounding which at times felt tangential to the overall theme of black banks, but I learned a lot and would recommend it.Painstakingly researched, this book chronicles the endlessly creative ways white people have stolen wealth from Black people, starting with slavery and ending with the subprime loan crisis. In this beautiful and richly illustrated ...

The Color of Money: Black Banks and the Racial Wealth GapIt's all unfair, I know that, you know that, but this book lays out all the hidden and complicated ways that money flows to white folks and away from black folks. Still, all information was relevant and necessary to the discussion, and the research was very thoroughly cited. Start by marking “The Color of Money: Black Banks and the Racial Wealth Gap” as Want to Read:

I found "Color of Law" to be a much better explanation of the racial wealth gap.

Dr. Martin Luther King, Jr., as quoted in the book, said it best, "the inseparExcellent read. This is a stunning and devastating book and perhaps the most succinct and clear cut argument for reparations I've come across yet.

But what The Color of Money shows is that a new Poor People’s Campaign must at the very least resist the temptation to put faith in a separate but equal system of black capitalism. As she explains, a world where whites started out with all the property and blacks none of it resulted in “a positive feedback loop for whites and a negative one for blacks” (96). The factual, but not dry, story, is one that EVERYONE can learn from. 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.Enter your mobile number or email address below and we'll send you a link to download the free Kindle App. Here, some of the members reflect on the impact of reading the book and what it’s taught them.

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