Description
Book SynopsisFocusing on Chicago's West Side, After Redlining illuminates how urban activists were able to change banks' behavior to support investment in communities that they had once abandoned. American banks, to their eternal discredit, long played a key role in disenfranchising nonwhite urbanites and, through redlining, blighting the very city neighborhoods that needed the most investment. Banks long showed little compunction in aiding and abetting blockbusting, discrimination, and outright theft from nonwhites. They denied funds to entire neighborhoods or actively exploited them, to the benefit of suburban whitesan economic white flight to sharpen the pain caused by the demographic one. And yet, the dynamic between banks and urban communities was not static, and positive urban development, supported by banks, became possible. In After Redlining, Rebecca K. Marchiel illuminates how, exactly, urban activists were able to change some banks' behavior to support investment in communities tha
Trade Review“Recommended. This engaging book describes the successes and failures of energetic and committed neighborhood reconstruction activists. . . Marchiel’s compelling story of heroic activists fairly appraises the NPA, making this a useful text for activists and scholars in urban studies and financial market studies.” * Choice *
"Deeply researched. . . Marchiel’s narrative paints the picture of a remarkably powerful national reinvestment campaign against an almost unstoppable force of ever more inventive flows of capital. . . . Marchiel has written an important history that not only portends contemporary financialization but also offers a glimpse into the tactics and strategies to challenge it." * Public Books *
"Marchiel has written an important history that not only portends contemporary financialization but also offers a glimpse into the tactics and strategies to challenge it." * Public Books *
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After Redlining offers illuminating correctives to falsehoods advanced by the powerful. . .
After Redlining joins the ranks of scholarly histories highlighting Chicago as the imperfect locus of grassroots, multiracial, multiethnic activist organizations that changed the status quo of their time in ways that still ameliorate aspects of our unjust present. What is more, Marchiel’s account of the reinvestment movement’s go-bigger-or-go-home strategy offers a relevant historical perspective to contemporary activists who face, along with the communities for whom they advocate, a treacherously uncertain future." * South Side Weekly *
“The role of financial institutions in the segregation of urban America has been the subject of important recent works, but we still have much to learn about how citizens and activists challenged discrimination and exploitation by the banks.
After Redlining not only fills that gap but challenges our understanding of the history of race, finance, and inequality. Marchiel’s compelling story will leave many readers shaking their heads in frustration at the comparative lack of grassroots activism against financial discrimination and predation today, while at the same time inspired by the tenacity, savvy, and ingenuity of the organizers who fill its pages.” * Andrew W. Kahrl, author of The Land Was Ours: How Black Beaches Became White Wealth in the Coastal South *
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After Redlining is a compelling and revelatory history of community activism, American banking, and the politics of inequality. Marchiel details how common-sense ideas about place, power, and economic fairness informed the work of ‘grassroots financial regulators’ who altered the national urban policy landscape, all the while moving seamlessly between rich local stories, Washington, DC, and a seismic restructuring of financial markets that undercut progressive reform. Essential reading on the persistent tension between finance and democracy in American history.” * David Freund, author of Colored Property: State Policy and White Racial Politics in Suburban America *
"Discusses the relationship between urban community groups and their financial institutions during the last third of the twentieth century, presenting the story of the reinvestment movement’s lead organization in Chicago, the National People’s Action (NPA), and its impact on federal urban and banking policy." * Journal of Economic Literature *
"Marchiel describes the efforts of a Saul Alinsky-inspired multiracial coalition of US low- and moderate-income city residents to combat the effects of redlining... [and finds] that these efforts inspired national action..." * Law & Social Inquiry *
"After Redlining stands as a case study of populist activism that remains salient to a twenty-first-century audience because urban majorities still face the same issues and concerns, from access to mortgage credit and local banking services to general ideas about urban equity. It stands as an important if limited focus on the potential local neighborhood activism still has to channel hope for a progressive and egalitarian future in late capitalist America. It should interest scholars and teachers of twentieth-century America as well as urban studies generally." * Journal of Illinois State Historical Society *
Table of ContentsIntroduction. Neighborhoods First
Chapter 1. Beyond the Backlash: Organizing against Real Estate Abuse in a “Transitional” Urban Neighborhood
Chapter 2. The FHA in the City: Red Lines and the Origins of the Urban Reinvestment Movement
Chapter 3. It’s Our Money: Defending Financial Common Sense in a Collapsing New Deal Order
Chapter 4. Communities Must Be Vigilant: The Financial Turn in National Urban Policy
Chapter 5. Reinvestment for Whom? The Limits of Bank-Led Reinvestment
Chapter 6. Let’s Make the Market Work for Us: The Lost Fight for Credit Allocation and the Rise of Community-Bank Partnerships
Conclusion
Acknowledgments
List of Abbreviations for Archival Collections
Notes
Index
