Some of the most quietly pernicious manifestations of American racism can be found in the discriminatory actions of financial and real estate institutions, particularly in the urban segregation policies that came to be labeled “redlining.” In this excerpt from Rebecca K. Marchiel’s After Redlining: The Urban Reinvestment Movement in the Era of Deregulation, we get an inside look at pioneering efforts to recognize these unjust actions and fight them on their own turf. In 1970, in the midst of the ongoing battle with panic peddlers, Shel Trapp led members of the West Side Coalition against Panic Peddling into the offices of Chicago’s second-largest savings and loan association, Bell Federal. The group had a meeting scheduled with the bank president to ask why his institution wasn’t lending in their neighborhood, leaving new homebuyers at the mercy of panic peddlers and contract sales. Several West Siders came to Trapp complaining that the bank had rejected their applications for loans with no explanation. Trapp reasoned the best way to get answers was to confront the president face to face. That afternoon, when the West Siders huddled into the banker’s office, they saw something that changed their understanding of what was going on in . . .
Price V. Fishback on Werner Troesken’s “The Pox of Liberty” and Our Current Tradeoffs between Quarantines and Economic Freedom
Economist and Press author Price V. Fishback shared with us recently his thoughts on a previous Press book that speaks to our current situation and looks at the political and economic history of how the US government has responded to other pandemics. The current crisis has brought into focus the tradeoffs between quarantines and economic freedom. For an excellent book about the history of these tradeoffs in the United States, read Werner Troesken’s The Pox of Liberty: How the Constitution Left Americans Rich, Free, and Prone to Infection (University of Chicago Press, 2015). Werner traces the history of how governments at all levels of the American federal system dealt with three deadly and recurring diseases: smallpox, yellow fever, and typhoid. All of the issues the world is facing today to avoid horrid deaths are discussed in Werner’s book: inadequate testing, the absence of vaccines, attempts to develop vaccines, tradeoffs between economic losses and quarantines, the uncertainties that the disease might return in the future, and inadequate medical facilities. The situations developed in the nineteenth-century societies when there were much higher death rates, lower incomes, and at best rudimentary medical care. In his preface, Werner says that he started out trying to . . .
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