The Color of Money: Black Banks and the Racial Wealth Gap Free Audiobook Download by Mehrsa Baradaran

The Color of Money: Black Banks and the Racial Wealth Gap is a book by Mehrsa Baradaran that explains what happens when the banks are largely white, but the customers are mostly black. The author argues that many black Americans are losing money because it is deposited into so-called "black" banks where it doesn't earn interest.

The Color of Money is a book that discusses how the racial wealth gap is linked to the social and economic inequalities between black and white Americans. It also explores how this disparity has been compounded by centuries of institutionalized racism and the history of the United States. This audiobook download from audible.com is well-worth your time, as it provides an engaging narrative that includes personal anecdotes from the author's life and interviews with experts in economics, finance, sociology, history and law.

Mehrsa Baradaran's book "The Color of Money: Black Banks and the Racial Wealth Gap" highlights the connection between race, segregation, and finance. She argues that black banks have helped to close the racial wealth gap by giving more opportunities to black people and helping them to start businesses.

This audiobook is an illuminating look at the racial wealth gap in the United States and how it has been impeding black Americans for decades. In this audiobook, author Mehrsa Baradaran explains how black Americans have been systematically locked out of America's financial system. Historically, black people were not considered to be wealthy, so their assets such as houses and businesses went uncollected by banks when they defaulted on loans. The Color of Money: Black Banks and the Racial Wealth Gap discusses the history of banking in America, particularly with regard to the Great Migration in which many African-Americans left southern states for northern cities beginning in 1910 as a result of Jim Crow laws. It also reviews policies put into effect after World War II that favored

With the help of this audiobook, you will be able to understand the main concepts of race and what they have to do with financial inequality. You will learn more about white privilege, how America's racial wealth gap has been perpetuated and what is being done to combat it.

In The Color of Money, Mehrsa Baradaran sheds light on the injustices in wealth distribution across racial lines during the era of financial innovation. Baradaran argues that true economic progress cannot be seen without examining the effects of policies and practices within the banking industry. Though there have been numerous studies that show that Black Banks contribute to and actually create wealth, they are still considered "outsiders" by mainstream society.