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tumor oils
how governments allocate resources
through laws, policies, funding
how markets allocate resources
based on business choices and consumer spending
jim crow laws limit government allocation of resources
limit black access to education, healthcare, public services
other example of laws/policies of unfair allocation of resources
new deal & GI bill (disproportionately helped white americans)
poll taxes and literacy tests (limit black voting rights)
what is redlining, how it changed market resource allocation
it was about banks not loaning money, which inspired racism in market resource allocation
how job discrimination lead to unfair allocation of market resources
black workers pushed into lower paying jobs
other examples of market discriminated in resource allocation
private businesses and segregation: hotels, restaurants, buses, etc.
montgomery bus boycott
about black riders had to sit in the back of buses (racism)
result of montgomery bus boycott
reduced bus company profits by 65%
businesses changed policies due to lost revenue
civil right act (1964) about
banning discrimination in jobs, housing, schools
how Civil Rights Act changed they way the government allocated its resources
schools had to desegregate to recieve federal money
opened doors for black workers, but disparities continued
