Capricious loan practices referred to as ______,mandated by then-President Franklin Roosevelt,resulted in intense segregation that still exists in many U.S.cities today.
A)debt X
B)gentrification
C)redlining
D)the sector model

Question

Quizplus · Accepted Answer

Redlining refers to a discriminatory practice where lenders refuse to provide loans or mortgages to people living in certain areas, typically low-income neighborhoods inhabited by minority groups. This practice was initiated by the federal government during the New Deal era to promote home ownership but had the unintended consequence of segregating cities and creating unequal access to economic opportunities in the long run. This legacy of redlining still affects many urban neighborhoods today, perpetuating systemic racism and poverty.

Capricious Loan Practices Referred to as ______,Mandated by Then-President Franklin