Description
Answer each essay question with a solid paragraph.
- A great deal of research has found discrimination in the home lending and home insurance industry. Describe the major findings and why these policies affect minority groups, particularly African Americans more than other groups in our society. Please explain, institutionally, how this occurs.
- What are the three major theories on the economics of discrimination [the Gary Becker Theory, the Split Labor Market Theory, and the Marxist Theory]? What are their strengths and weaknesses? Who benefits and who loses, based on these theories? Provide specific examples to support your position.
- Explain the two competing perspectives, (cultural deprivation arguments versus cultural bias arguments) offered from the Farley text that help us understand why racial minority children do not do as well as white children in school.
- What is environmental racism? How does this concept apply to the experiences of Native Americans? To the experiences of African Americans? Be prepared to provide specific examples to support your position
Explanation & Answer
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Running Head; Majority-Minority Relations
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Majority-Minority Relations
Institutions Affiliation
Instructor’s Name
Student’s Name
Course Code
Date
SURNAME
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Discrimination in the Home Lending and Home Insurance
Discrimination refers to the unfair handling of different categories of people and thing in
the basis of some characteristics such as the people's race, age, sex, class or any other category to
which the person or thing is perceived to belong to rather than the individual traits. Although the
equality act is protecting the people on the issue of being discriminated against it has been noted
that in the research that the American lending’s well as the insurance industries is discriminating
against the African-American people this is illegal and against the equality act. In the lending
sector, some of the discrimination began with the National Housing Act which established the
Federal Housing Administration the discrimination was evidenced by making it difficult for the
black-Americans to access the buying of houses (Roscigno, 2007). They also made it look as if the
places where they lived were not secure to invest. The reparation case also whereby there was a
restrictive covenant signed by the homeowners that restricted them from selling to the blackAmerican lest they lower the value of the property this lead to the...
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