Our Failure To Understand Ferguson: A Cognitive Explanation
…phone, he underscored the long-term effects of this last policy. During the 1940s and 1950s, suburban subdivisions were built in St. Louis, and throughout the country, using federal loans stipulating that no homes be sold to African Americans. Priced at about $125,000 in today’s dollars, these were affordable—with a mortgage—to working class families, black or white. Yet black families were prohibited from purchasing them. “Today those homes sell…
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