Understanding our History
The experience of many people of any race growing up in under-resourced communities is very different from those growing up in safe stable communities. When combined with the historic racial prejudice toward Blacks our society has placed significant barriers to success.
Phil Vischer gives us a crisp, quick historical survey of racism in the US.
Holy Post: Race in America #1
Holy Post: Race in America #2
A brief description of the history of Jim Crow from Hip Hughes
Jim Crow and America’s Racism Explained
The greatest means of wealth creation in the US has historically been home ownership. In 1934 with the establishment of the Federal Housing Administration (FHA) the FHA recommended that deeds to properties for which it issued mortgage insurance should include an explicit prohibition of resale to African Americans. It wasn’t until 1962 that the FHA ceased financing subdivisions where builders refused to sell to black buyers, source CitiGroup and US Census
The average black household has 60% of the income but only 10% of the wealth as an average white household. (Holy Post: Race in America, Rothstein, The Color of Law, 184-85; Wilkerson, Caste: the Origins of our Discontents, 185)