42- Redlining: Something Like a Phenomenon

Imagine if you will, a nation in crisis. A map of every major American city spread across the desk, committees assembled to ascertain the desirability of every neighborhood in every, major, American city. What could possibly go right? Today's episode is a primer on "redlining" or the practice of designating the value of major American neighborhoods so banks and leading financial institutions would have some idea of the risk going into lending to small businesses and homeowners starting back in the 1930s. The ripple effect of this race based practice is still felt today which is why it is vitally important to know how it was begun. Learn more about your ad choices. Visit megaphone.fm/adchoices