Troy Holt

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Binga’s bank deposits grew from $300,000 to over $1.1 million between 1921 and 1924. During that same time period, Binga bought a prominent home in a white neighborhood near Washington Park. His purchase drew ire and triggered violence. During the race riots of 1919, his house was bombed seven times.18 Each time, the bomber left a note demanding that Binga leave the property and sell it to a white buyer. Binga was resolute.
The Color of Money: Black Banks and the Racial Wealth Gap
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