For every $100 of white family wealth, black families only have about $5.04.

The Root is with Splinter.

July 2018

In America today, for every $100 of white family wealth, black families only have about $5.04.

It’s a direct result of centuries of racist banking policies and practices that systematically kept black Americans from opportunities to prosper.

Standing Rock Native Americans

Think also of the Native lands & resources taken violently in violation of treaties with our Native American Brothers and Sisters.

Racist History of Banking

In America today, for every $100 of white family wealth, black families only have about $5.04. It’s a direct result of centuries of racist banking policies and practices that systematically kept black Americans from opportunities to prosper.

Posted by The Root on Wednesday, July 11, 2018

Author: John Hanno

Born and raised in Chicago, Illinois. Bogan High School. Worked in Alaska after the earthquake. Joined U.S. Army at 17. Sergeant, B Battery, 3rd Battalion, 84th Artillery, 7th Army. Member of 12 different unions, including 4 different locals of the I.B.E.W. Worked for fortune 50, 100 and 200 companies as an industrial electrician, electrical/electronic technician.

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