000			03519cam a2200421Ii 4500
001			on1005506883
003			OCoLC
005			20240726105047.0
008			171006t20172017mau ob 001 0 eng d
040			_aNT _beng _erda _epn _cNT _dNT _dYDX _dEBLCP _dIDB _dNRC _dNJR _dOCLCF _dRRP _dINT _dOCLCQ _dLOA _dOL _dOCLCQ _dVLY _dIWU _dTEFOD _dOCLCO _dCNTCS _dDKU _dJSTOR
020			_a9780674982284 _q((electronic)l(electronic)ctronic)
020			_a9780674982307
043			_an-us---
050	0	4	_aE185 _b.C656 2017
049			_aMAIN
100	1		_aBaradaran, Mehrsa, _d1978- _e1
245	1	0	_aThe color of money : _bBlack banks and the racial wealth gap / _cMehrsa Baradaran.
260			_aCambridge, Massachusetts : _bThe Belknap Press of Harvard University Press, _c(c)2017.
300			_a1 online resource (371 pages)
336			_atext _btxt _2rdacontent
337			_acomputer _bc _2rdamedia
338			_aonline resource _bcr _2rdacarrier
347			_adata file _2rda
520	0		_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."--Jacket.
504			_a2
505	0	0	_aForty acres or a savings bank -- _tCapitalism without capital -- _tThe rise of black banking -- _tThe new deal for white America -- _tCivil rights dreams, economic nightmares -- _tThe decoy of black capitalism -- _tThe free market confronts black poverty -- _tThe color of money matters.
530			_a2 _ub
650		0	_aAfrican Americans _xEconomic conditions.
650		0	_aAfrican American banks _xHistory.
650		0	_aDiscrimination in banking _zUnited States _xHistory.
650		0	_aAfrican Americans _xFinance.
650		0	_aWealth _zUnited States _xHistory.
655		1	_aElectronic Books.
856	4	0	_uhttps://search.ebscohost.com/login.aspx?direct=true&scope=site&db=nlebk&db=nlabk&AN=1611132&site=eds-live&custid=s3260518 _zClick to access digital title | log in using your CIU ID number and my.ciu.edu password
942			_cOB _D _eEB _hE. _m2017 _QOL _R _x _8NFIC _2LOC
994			_a92 _bNT
999			_c87721 _d87721
902			_a1 _bCynthia Snell _c1 _dCynthia Snell