To understand the pervasiveness of discrimination, review the Focal Issue 4.1 titled Differences in Black/White Accumulation of Wealth.
After you read the article, respond to each question below and provide supporting detail.
1. Prior to reading this section, had you considered the effects of slavery and subsequent continued discrimination on the ability of (a) Blacks and (b) Whites to inherit and earn wealth, savings, and property?
2. What factors may affect the higher rejection rates of equally creditworthy Blacks for business and home loans?
3. Why might realtors steer Blacks to certain neighborhoods?
4. What organizational steps can banks, mortgage companies, and realtors take to ensure they do not perpetrate credit and housing discrimination?