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)

Seth Rockman on Slavery's Material History

Seth Rockman on Slavery's Material History

A simple leather shoe. A scratchy shirt made of cotton or wool. A roughly-hewn axe. A leather whip, braided in New Jersey. Southern slavery did not just depend on an extractive economic system, or a h...

2 Joulu 202452min

Andrew Kahrl on Inequality, Theft, and Taxation in Modern America

Andrew Kahrl on Inequality, Theft, and Taxation in Modern America

Taxes. Is there anything Americans like to complain about more? This episode takes a deep dive into the U.S. tax system, paying particular attention to the property tax. Exploding a popular myth that ...

5 Marras 202451min

Andrew McKevitt on Gun Capitalism

Andrew McKevitt on Gun Capitalism

450 million. According to our best estimates, that's how many guns there are in the United States. To put that in perspective: if you gave a firearm to every single person in the nation—including babi...

1 Loka 202448min

Rachel Gross on How the Outdoor Industry Sold Nature to America

Rachel Gross on How the Outdoor Industry Sold Nature to America

In 2022 and 2023, an estimated 50 million Americans went camping. Many others participated in outdoor recreation activities ranging from mountain-climbing to sailing. According to the U.S. Department ...

2 Syys 202441min

Margot Canaday on Queer Workers in Modern America

Margot Canaday on Queer Workers in Modern America

In today's episode, Margot Canaday reveals the not-so-hidden history of LGBT workers in modern America. In the absence of state protections, she finds, some employers actually appreciated queer worker...

1 Elo 202451min

Elizabeth Ingleson on the Past and Present of Made in China

Elizabeth Ingleson on the Past and Present of Made in China

Today, China is the U.S. third largest trading partner and second-largest source of imports. This wasn't always the case. Indeed, in the 1970s, when the United States first began trading with communi...

1 Heinä 202449min

Teresa Ghilarducci on the Past and Future of Retirement

Teresa Ghilarducci on the Past and Future of Retirement

When we study capitalism, we usually focus on the active time in people's lives: the moments where things like work, consumption, production, trade, accumulation, and exchange all happen. But Teresa G...

3 Kesä 202444min

Cheryl Narumi Naruse on Singapore, Postcolonial Capitalism, and Becoming Global Asia

Cheryl Narumi Naruse on Singapore, Postcolonial Capitalism, and Becoming Global Asia

In this month's episode, co-host Jessica Levy and guest Cheryl Narumi Naruse examine popular narratives surrounding Singapore's "miraculous" journey from Third to First world nation, currently ranked ...

5 Touko 202431min

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