Redlining, the GI bill, and Generational Wealth Writing Assignment Study Guide

Redlining

The practice of denying people access to credit because of where they live, race, gender, etc, even if they are personally qualified for loans.

Blacklisting

a related mechanism employed by redlining institutions to keep track of areas, groups, and people that the discriminating party intended to exclude.

Community Reinvestment Act

help prevent redlining, critics say discrimination continues to occur.

the Fair Housing Act

• - The federal law that prohibits Redlining

  - the law does not prohibit excluding neighborhoods or regions on the basis of geological factors, such as fault lines or flood zones.he federal law that prohibits Redlining

GI bill

a federal effort to provide financial and social benefits to World War II veterans after they returned home.

Generational Wealth

Assets passed from one generation of a family to the next

Assets

money and other valuables belonging to an individual or business

An estate tax

tax on the transfer of property when a person dies

The New Deal

President Franklin Roosevelt's way of rescuing the U.S from The Great Depression

The Civilian Conservation Corps (CCC)

allowed men between the 18 - 25 to enlist in work programs to improve America's lands, forests, and parks

Securities Exchange Act

regulated the trading of securities on the secondary market (i.e. stocks, bonds, and debentures) to facilitate financial transparency and better circumvent fraud.

The Great Society Program

the initiative of President Lyndon B. Johnson. Two main goals of the Great Society social reforms were the elimination of poverty and racial injustice.

Medicare and Medicaid

Health benefits for the elderly and poor

Appraisal

Revaluing a house based on location/Neighborhood and House Value.

HOLC

Home Owners Loan Corporation

o FDR created it to prevent houses from getting taken away

o Caused redlining

o Part of the New Deal

Ghetto

Segregation of Neighborhoods due to color

FHA (Federal Housing Administation)

POC households less able to get loans from FHA to get a house

Highway System

• Goes though redlined areas because its cheaper

• Creates a wall between white and POC neighborhoods.

Parks and Ponds

Nice Infrastructure built in primarily white neighborhoods due to money and neighborhood value

Slums

POC neighborhoods that were redlined.

White Flight

• Migration of middle-class white populations from urban areas to the suburbs

• Making crime in the cities be targeted at POCs in comparision.

Blockbusting

deceptive encouragement of white flight from neighborhoods in order to buy up real estate at a huge discount and then rent to low-income, usually black tenants

NPA ( National People's Action)

formed to broaden the fight against disinvestment and mortgage redlining in neighborhoods all over the country.

Jim Crow Laws

were state and local laws that enforced racial segregation

Levittown

the first truly mass-produced suburb