“The processes of slavery, Jim Crow segregation, and discrimination were all mechanisms that transferred and …show more content…
‘Whites Only’ signs have disappeared and the rate of black poverty has decreased, but such progress rests on a shaky foundation. Black families of all incomes are hindered by a lack of wealth which can be attributed to their restricted choice of neighborhoods. From the 1930s through the 1960s black Americans were excluded from the largest wealth-building project in America. When the Federal Housing Administration (FHA) decided to subsidize the housing market black Americans were excluded from these FHA loans. Today, the Pew Research Center estimates that white households are worth roughly twenty times as much as black households, and that whereas only fifteen percent of whites have zero or negative wealth, more than a third of blacks