*BOOK SUMMARY*
TITLE - The Color of Money: Black Banks and the Racial Wealth Gap
AUTHOR - Mehrsa Baradaran
DESCRIPTION:
📖 In "The Color of Money," Mehrsa Baradaran examines the persistent racial wealth gap in the United States and the role of black banks in this inequality. Baradaran challenges the idea that community self-help, including black banking, is a solution, and instead advocates for more significant reform to overcome the economic trap perpetuated by racism and discrimination.
TIMESTAMPS:
⌚ 00:00 Introduction
⌚ 01:08 Wealth Inequality Among Black Americans
⌚ 01:52 The Hidden Complexity of Black Banks
⌚ 02:54 The Economic Exploitation of Enslaved People
⌚ 03:47 The Freedmen's Savings Bank Disaster
⌚ 04:39 The Struggles of Black-Owned Banks
⌚ 05:38 Struggles of Black Business
⌚ 06:15 The Struggles of Black Banks
⌚ 07:17 Economic Reforms and Their Unequal Impact on Black Americans
⌚ 08:09 Nixon's Failed Black Capitalism
⌚ 09:18 Final Recap
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