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Thursday, 30 May 2019 13:47

The Plunder of Black Wealth in Chicago Featured

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You are invited, along with select other Chicago civic and thought leaders, to a symposium on the modern roots of the devastating racial wealth gap of our time.

Scholars have directed growing attention to the wealth gap as a crucial reason for the perpetuation of racial inequity in America. Chicago is among the foremost examples of this gap.

Through painstaking review of thousands of documents, our research team tracked a key aspect of its origins in a home-buying arrangement that prevented African American families from accruing equity in their homes, and thus drained hitherto untold wealth from the city’s black communities.

Our study not only quantifies the vast scale of the loss for the first time, but also exposes how this predatory system afflicted virtually every racially transitioning Chicago neighborhood during the 1950s and 1960s. An accompanying documentary dramatizes this history enabling viewers to munderstand what the staggering loss of hard-earned savings meant to black families and neighborhoods.

Going much deeper than current cursory accounts of blockbusting and redlining, this symposium provides a compelling new narrative of how Chicago’s black communities came to be impoverished—a narrative with the power to expand our civic conversation about racial inequality and housing segregation.

We convene this gathering to seek your feedback and insight about how to bring these findings and new narrative into our schools, media, and the wider Chicagoland community.

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Read 663 times Last modified on Thursday, 30 May 2019 14:21