color of money black banks and the racial wealth gap

I mean, if there’s any failure of compromise here, it was a problem for Black America that there was too much compromise. Today, that number has barely budged, more than a century and a half later.Ĭan you talk about the early history of Black banks and how they were a compromise really, because the country refused to fund reparations.

As you mentioned in your book, the wealth of African-Americans at the time the Emancipation Proclamation was signed in 1863 was about half a percent of America’s wealth.

There was no 40 acres or a mule given to African-Americans. JAISAL NOOR:Ěfter the Civil War, there were no reparations. MEHRSA BARADARAN: Thank you so much for having me. Mehrsa Baradaran is a Professor of Law at the University of Georgia School of Law and the author of The Color of Money and How the Other Half Banks, both published by Harvard University. Well, our guest today is uniquely positioned to discuss this. JAISAL NOOR: Many have pointed out that since its inception, America has compromised with white supremacy by enshrining slavery into the constitution and ensuring its growth, but what’s gotten far less attention are the compromises with white supremacy that occurred both before and after the Civil War, including the failure to deliver on promise reparations for African-Americans and the premature ending of southern reconstruction. JOHN KELLY: Now it’s different today but the lack of an ability to compromise led to the Civil War.

White House Chief of Staff John Kelly was widely condemned for recently saying, “The lack of compromise led to the Civil War.” JAISAL NOOR: Welcome to The Real News Network. A major compromise to white supremacy after Civil War was abandoning reparations and creating Black Banks argues Mehrsa Baradaran

Color of money black banks and the racial wealth gap