Rebecca Marchiel on Redlining, Financial Deregulation, and the Urban Reinvestment Movement
Who Makes Cents?: A History of Capitalism Podcast14 Helmi 2021

Rebecca Marchiel on Redlining, Financial Deregulation, and the Urban Reinvestment Movement

The history of red-lining is one increasingly well-known within and beyond the academy. In the 1930s, as part of an attempt to shore up the struggling economy by underwriting home mortgages, the government's Home Owners' Loan Corporation (HOLC), developed a series of guidelines and criteria for assessing the risk of lending in urban areas. HOLC criteria drew heavily on the racial logics employed by lenders, developers, and real estate appraisers. Thus, "A-rated" neighborhoods, those associated with the least risk for banks and mortgage lenders, tended to be exclusively white. While, "D"-rated areas, deemed the most-risky, included large numbers of black and/or other non-white residents. These neighborhoods were color-coded red on HOLC maps, hence the term red-lining. They were often denied home loans.

HOLC and redlining had a dramatic effect on American cities with consequences lasting to the present day. Yet, the image of the HOLC's color-coded maps suggests a more static relationship between lending and urban America than actually existed. In today's episode, Rebecca Marchiel tells a more complex and nuanced story of white and black community activists who engaged with the federal government and banks in an effort to expose redlining—in its multiple forms—and imprint their own "financial common sense" on banking. In doing so, she undercuts notions that the reality depicted in HOLC's maps was set in stone by the 1960s, when residents in Chicago's West Side first became suspicious that they had become victims of red-lining, while at the same time revealing the alternative models of financing proposed by community activists in the urban reinvestment movement.

Jaksot(125)

Suzanna Reiss on Drug Control, Coca-Cola, and Pharmaceuticals

Suzanna Reiss on Drug Control, Coca-Cola, and Pharmaceuticals

Today’s guest discusses the history of the coca leaf and the U.S. drug control regime. Amongst other topics, we discuss the importance of coca to both Coca-Cola and Merck and the pharmaceutical indust...

1 Heinä 201541min

Jenifer Van Vleck on Empire of the Air

Jenifer Van Vleck on Empire of the Air

Today's guest discusses the history of aviation and how this provides a lens to interpret the history of capitalism and U.S. foreign relations across the twentieth century. Amongst other topics, Jenif...

3 Kesä 201534min

Deb Cowen on the Deadly Life of Logistics

Deb Cowen on the Deadly Life of Logistics

Our guest today tells us that the seemingly straightforward field of logistics lies at the heart of contemporary globalization, imperialism, and economic inequality. Listen to Deb Cowen discuss how th...

1 Touko 201533min

Kim Phillips-Fein on the businessmen's crusade against the New Deal

Kim Phillips-Fein on the businessmen's crusade against the New Deal

Kim Phillips-Fein discusses her book Invisible Hands: The Businessmen's Crusade Against the New Deal. Today we'll focus on the history of resistance to the New Deal. Kim Phillips-Fein details how many...

1 Huhti 201532min

Thomas Palley on the Fed and Shared Prosperity

Thomas Palley on the Fed and Shared Prosperity

Ever wonder what the Fed does and why? How are interest rates connected to how hard it is for you to find a job? We chat with economist Thomas Palley about how the Fed is a political institution that ...

1 Maalis 201532min

Christina Hanhardt on Gay Neighborhoods and Violence

Christina Hanhardt on Gay Neighborhoods and Violence

Christina Hanhardt discusses her book Safe Space: Gay Neighborhood History and the Politics of Violence. Today we’ll focus on how the history of quality of life policing connects to the history of gay...

7 Tammi 201537min

Ellie Shermer on Local Elites Creating a "Good Business Climate"

Ellie Shermer on Local Elites Creating a "Good Business Climate"

Ellie Shermer discusses her book Sunbelt Capitalism: Phoenix and the Transformation of American Politics. On this episode, we speak to Ellie Shermer about how local elites in Phoenix crafted a "busine...

5 Joulu 201433min

Andrew Needham on electricity and the Southwest

Andrew Needham on electricity and the Southwest

Andrew Needham discusses his new book, Power Lines: Phoenix and the Making of the Modern Southwest. Power Lines shows that we can't think of the modern southwest without the energy that makes such pl...

3 Marras 201435min

Suosittua kategoriassa Yhteiskunta

olipa-kerran-otsikko
i-dont-like-mondays
sita
siita-on-vaikea-puhua
kaksi-aitia
gogin-ja-janin-maailmanhistoria
uutiscast
antin-palautepalvelu
poks
joku-tietaa-jotain-2
kolme-kaannekohtaa
mamma-mia
aikalisa
yopuolen-tarinoita-2
rss-murhan-anatomia
rss-palmujen-varjoissa
rss-nikotellen
meidan-pitais-puhua
naakkavalta
loukussa