Jack Waters

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It is notable that Harlem did not have a thriving black bank sector, or at least one similar to that enjoyed by other major cities—not only because Harlem was located just a few miles from the heart of American capitalism on Wall Street, but more significantly because Harlem at the time was the focal point of a new and powerful strand of black nationalism championed by Marcus Garvey.84 Garvey was not as prominent a national leader as Du Bois or Washington, but he was undoubtedly the most influential voice emanating from the northern ghetto—a voice that would echo throughout the twentieth ...more
The Color of Money: Black Banks and the Racial Wealth Gap
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