Family Properties: Race, Real Estate, and the Exploitation by Beryl Satter

By Beryl Satter

Part relations tale and half city heritage, a landmark research of segregation and concrete decay in Chicago--and towns around the nation

The "promised land" for hundreds of thousands of Southern blacks, postwar Chicago quick grew to become the main segregated urban within the North, the location of the nation's worst ghettos and the objective of Martin Luther King Jr.'s first crusade past the South. during this robust ebook, Beryl Satter identifies the genuine reasons of the city's black slums and the break of city neighborhoods during the nation: now not, as a few have argued, black pathology, the tradition of poverty, or white flight, yet a frequent and institutionalized approach of felony and monetary exploitation.

In Satter's riveting account of a urban in concern, unscrupulous attorneys, slumlords, and speculators are pitched opposed to spiritual reformers, group organizers, and an impassioned lawyer who introduced a campaign opposed to the profiteers--the author's father, Mark J. Satter. on the middle of the fight stand the black migrants who, having left the South with its legacy of sharecropping, all at once locate themselves stuck in a brand new form of debt peonage. Satter indicates the interlocking forces at paintings of their oppression: the discriminatory practices of the banking undefined; the federal regulations that created the country's shameful "dual housing market"; the commercial anxieties that fueled white violence; and the tempting earnings to be made via preying at the city's so much susceptible inhabitants.

A huge paintings of background, this story of racism and actual property, politics and finance, will ceaselessly swap our knowing of the forces that remodeled city the USA.

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Additional info for Family Properties: Race, Real Estate, and the Exploitation of Black Urban America

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Red-baiting of this sort, along with Wallace’s principled refusal to purge Communists from his party, doomed his campaign and he received just over one million votes—less than 3 percent of the national total. In December 1948, the House Committee on Un-American Activities (HUAC) published a report highlighting the role of Communists in the Progressive Citizens of America. The PCA was added to the attorney general’s list of subversive organizations, and its most active members were put under FBI surveillance.

They neglected basic maintenance. They subdivided their apartments, crammed in extra tenants, and, when possible, charged their tenants hefty rents. Indeed, the genius of this system was that it forced black contract buyers to be their own exploiters. ” 8 The resulting decline of racially changing areas fed white racism. If black contract buyers saw themselves making heroic sacrifices against impossible odds to keep from falling behind on their payments, this was not how their white neighbors viewed the situation.

Why did you sell the buildings? ” I would press. “Nothing, never mind, don’t bother me! ” my mother would respond, her voice sharp with irritation and pain. It was one of the few topics that could shake her composure. It was hard to reconcile the tales of my father’s prominence with the financially cramped circumstances of my childhood—and with my relatives’ odd reticence about him. As I got older I tried to learn about him on my own. My main source of information was a notebook filled with newspaper clippings that Paul compiled soon after my father’s death.

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