Star Trek 54th Anniversary 1966 2020 Thank You For The Memories Signatures Shirt
There was a precedent for this. In the 60’s banks would “redline” neighborhoods with black homeowners, literally draw a red line around those areas on the map and refuse to approve mortgages inside those boundaries. Once redlined, all the houses became nearly worthless because to sell you would have to lower the price to Star Trek 54th Anniversary 1966 2020 Thank You For The Memories Signatures Shirt be affordable in cash. Lastly every single other house would then be sold off for 10% value quickly in cash purchases as all the whites tried to recoup whatever pennies on the dollar they could. This was called “white flight”, the white fled the inner city and bought suburban homes and the formerly pricey city homes became ghettoes. This is one example of “institutional racism”. For decades people associated a black family moving in with destroying the neighborhood, not realizing it wasn’t the color of the neighbors but the crooked lawmakers and banks that drove the home prices down. All they knew is that when a black family moves in the home values go down. Many people are still around to think that way now.Edit: there’s a lot of examples like this where public policy worked to prevent blacks from gaining wealth. Wealth in the US is primarily built in the middle class by buying a house, paying it off over 30 years, and giving it to the next generation as wealth. Each generation then builds upon the prior with their own properties. When soldiers came back from WWII, they were given the benefit of buying a new house for extremely cheap. Entire neighborhoods were built of small ranches. But the benefit was only for whites. So every white family got a start on building wealth while every black returning from war went back to the ghettoes and poor paying jobs with little hope of ever owning property or even being given a fair opportunity to get a mortgage from banks that made
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