Banks used this concept to deny loans to any African American community that needed them. This discrimination led to economic crisis, because every company was trying to either deny service or raise the price so that African Americans wouldn’t afford it. It was called redlining, because these companies and especially banks put a red line of separation between races and the way services are offered to each race. The practice of redlining was spread almost everywhere until 1964 when the Civils Right Act was passed. Even after this Act was passed, redlining was seen in most of the countries as being practiced the same way as before the Act. After the Act, banks were finding excuses for not treating the black community right and were trying to hide discrimination behind these excuses. Redlining also led to an appreciable decrease of employment opportunities in these neighborhoods as the companies would not hire any person from these communities. Economic decline affected these neighborhoods greatly, and that caused the increase of crime in these
Banks used this concept to deny loans to any African American community that needed them. This discrimination led to economic crisis, because every company was trying to either deny service or raise the price so that African Americans wouldn’t afford it. It was called redlining, because these companies and especially banks put a red line of separation between races and the way services are offered to each race. The practice of redlining was spread almost everywhere until 1964 when the Civils Right Act was passed. Even after this Act was passed, redlining was seen in most of the countries as being practiced the same way as before the Act. After the Act, banks were finding excuses for not treating the black community right and were trying to hide discrimination behind these excuses. Redlining also led to an appreciable decrease of employment opportunities in these neighborhoods as the companies would not hire any person from these communities. Economic decline affected these neighborhoods greatly, and that caused the increase of crime in these