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A sweeping, deeply researched narrative history of Black wealth and the economic discrimination embedded in America’s financial system through public and private actions that created today’s Black-white wealth gap. 

 

Greenwood, a new digital banking platform headquartered in Atlanta, founded by and for Black and Latino communities in 2019, has deep roots in American history. It was named after the Greenwood business district in Tulsa, Oklahoma, known at the time as “Black Wall Street,” where in 1921 a white mob destroyed scores of successful Black-owned businesses, murdering and injuring hundreds of Black residents, in what became known as the Tulsa Race Massacre.

 

This was a significant juncture in the course of American history, but hardly an anomaly. Fifteen Cents on the Dollar details a number of these junctures where the American financial sector, government, or both made decisions that carried profound repercussions for Black Americans and their mon