{"product_id":"9780674237476","title":"The Color of Money: Black Banks and the Racial Wealth Gap","description":"\u003ctable\u003e\u003ctbody\u003e\n\u003ctr\u003e\n\u003ctd style=\"\"\u003e\u003cstrong\u003eAuthor\/Contributor(s):\u003c\/strong\u003e\u003c\/td\u003e\n\u003ctd style=\"\"\u003eBaradaran, Mehrsa\u003cbr\u003e\n\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd style=\"\"\u003e\u003cstrong\u003ePublisher:\u003c\/strong\u003e\u003c\/td\u003e\n\u003ctd\u003eBelknap Press\u003cbr\u003e\n\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd style=\"\"\u003e\u003cstrong\u003eDate:\u003c\/strong\u003e\u003c\/td\u003e\n\u003ctd\u003e03\/11\/2019\u003cbr\u003e\n\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd style=\"\"\u003e\u003cstrong\u003eBinding:\u003c\/strong\u003e\u003c\/td\u003e\n\u003ctd style=\"\"\u003ePaperback\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd style=\"\"\u003e\u003cstrong\u003eCondition:\u003c\/strong\u003e\u003c\/td\u003e\n\u003ctd style=\"\"\u003e NEW\u003cbr\u003e\n\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003c\/tbody\u003e\u003c\/table\u003e\u003cp\u003e\u003cb\u003e\"Read this book. It explains so much about the moment...Beautiful, heartbreaking work.\" \u003cbr\u003e--Ta-Nehisi Coates\u003c\/b\u003e \u003c\/p\u003e\u003cp\u003e\u003c\/p\u003e\u003cb\u003e\"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.\"\u003cbr\u003e--\u003ci\u003eThe Atlantic\u003c\/i\u003e\u003c\/b\u003e \u003cp\u003e\u003c\/p\u003e\u003cb\u003e\"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.\"\u003cbr\u003e--Ezra Klein\u003c\/b\u003e \u003cp\u003e\u003c\/p\u003eWhen 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. \u003ci\u003eThe Color of Money\u003c\/i\u003e seeks to explain the stubborn persistence of this racial wealth gap by focusing on the generators of wealth in the black community: black banks. \u003cp\u003e\u003c\/p\u003eWith 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. \u003cp\u003e\u003c\/p\u003e\"Black capitalism has not improved the economic lives of black people, and Baradaran deftly explains the reasons why.\"\u003cbr\u003e--\u003ci\u003eLos Angeles Review of Books\u003c\/i\u003e \u003cp\u003e\u003c\/p\u003e\"A must read for anyone interested in closing America's racial wealth gap.\"\u003cbr\u003e--\u003ci\u003eBlack Perspectives\u003c\/i\u003e","brand":"Belknap Press","offers":[{"title":"Default Title","offer_id":42682274545919,"sku":"9780674237476","price":18.95,"currency_code":"USD","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0452\/0886\/2873\/products\/9780674237476-us-300_ddce85b1-c367-454b-b636-89070ad43bc7.jpg?v=1659409744","url":"https:\/\/massivebookshop.com\/products\/9780674237476","provider":"MASSIVE BOOKSHOP","version":"1.0","type":"link"}