Financial programme on radio discussing this.
Financial laws in US incorporated sections directly targeting blacks.
When 30 year mortgages were introduced clause in deeds prevented black people buying house if sold on.
After slavery was banned there was an economical impact on "industry".
So laws were brought in to criminalise them.
They could be arrested for walking on the wrong side of the street, talking to loud!!!!
This provided a large jail population of free labour where blacks were provided to local business people.
Many laws existed until 1960s
Today:
Net worth white $170,000
Net worth black $17,000
Property ownership same as 1970s
They are lowest % of all ethnic groups of property ownership.
Financial laws in US incorporated sections directly targeting blacks.
When 30 year mortgages were introduced clause in deeds prevented black people buying house if sold on.
After slavery was banned there was an economical impact on "industry".
So laws were brought in to criminalise them.
They could be arrested for walking on the wrong side of the street, talking to loud!!!!
This provided a large jail population of free labour where blacks were provided to local business people.
Many laws existed until 1960s
Today:
Net worth white $170,000
Net worth black $17,000
Property ownership same as 1970s
They are lowest % of all ethnic groups of property ownership.