In 1929 the stock market crashes. 5,000 banks closed. People were losing their jobs every day. Franklin Delano Roosevelt is elected in 1932 promising a new deal. The result is a raft of initiatives that go on to build massive middle-class wealth in the United States.
When it comes to U.S. government programs and support earmarked for the benefit of particular racial groups, history is clear. White folks have received most of the goodies.
By John Biewen, with Deena Hayes-Greene of the Racial Equity Institute and recurring series partner Chenjerai Kumanyika.