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.
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.
Mehrsa 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.
"Daddy and Roger and 'em shot 'em a nigger."Those words, whispered to ten-year-old Tim Tyson by one of his playmates in the late spring of 1970, heralded a firestorm that would forever transform the small tobacco market town of Oxford, Nor...
Narrator: Robertson Dean,Timothy B. Tyson Published: 02/09/2004
This program is read by the author.What Truth Sounds Like is a timely exploration of America's tortured racial politics that continues the conversation from Michael Eric Dyson's New York Times bestseller Tears We Cannot Stop.President Barack Obama: ...
Narrator: Michael Eric Dyson Published: 06/05/2018
WINNER OF THE 2016 NATIONAL BOOK AWARD FOR NONFICTION
A NEW YORK TIMES BESTSELLER IN RACE AND CIVIL RIGHTS
FINALIST FOR THE 2016 NATIONAL BOOK CRITICS CIRCLE AWARD FOR NONFICTION
THE MOST AMBITIOUS BOOK OF 2016 —The Washington Post
A BOSTO...
Narrator: Christopher Dontrell Piper Published: 02/07/2017
This official tie-in to the highly acclaimed film, The Birth of a Nation, surveys the history and legacy of Nat Turner, the leader of one of the most renowned slave rebellions on American soil, while also exploring Turner’s relevance to contem...
With his trademark acerbic wit, incisive humor, and infectious paranoia, one of our foremost comedians and most politically engaged civil rights activists looks back at 100 key events from the complicated history of black America.A friend of lumina...
"Daddy and Roger and 'em shot 'em a nigger."Those words, whispered to ten-year-old Tim Tyson by one of his playmates in the late spring of 1970, heralded a firestorm that would forever transform the small tobacco market town of Oxford, Nor...
Narrator: Robertson Dean,Timothy B. Tyson Published: 05/18/2004
Finalist for the National Book Award for Nonfiction A startling and eye-opening look into America’s First Family, Never Caught is the powerful narrative of Ona Judge, George and Martha Washington’s runaway slave who risked it all to esc...
The astonishing untold history of America’s first black millionaires—former slaves who endured incredible challenges to amass and maintain their wealth for a century, from the Jacksonian period to the Roaring Twenties—self-made en...
In the timber camps of North Florida in the 1930s, Zora Neale Hurston, a famous African-American anthropologist and author, discovered the unwritten segregationist law allowing a white man to force a white woman to have his children. Dr. Ellis coine...
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