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Real estate companies used deceitful tactics to make white homeowners think that their neighborhoods were being "invaded" by non-white residents, [6] which in turn would encourage them to quickly sell their houses at below-market prices. The companies then sold that property to blacks who were desperate to escape inner-city ghettos at higher ...
Real estate economics is the application of economic techniques to real estate markets. It aims to describe and predict economic patterns of supply and demand . The closely related field of housing economics is narrower in scope, concentrating on residential real estate markets, while the research on real estate trends focuses on the business ...
The Monrovia Group, sometimes known as the Monrovia bloc, officially the Conference of Independent African States, was a short-lived, informal association of African states with a shared vision of the future of Africa and of Pan-Africanism in the early 1960s.
Leonard and Jack Rosen began their business career as street vendors in Baltimore. [4] They used the earnings of their original business and high-interest loans advanced by Chicago financier Jay Pritzker to set up a real estate development company selling yet-to-be developed plots of land in northwest Florida Everglades to prospective homeowners from the Northeast and Midwest.
Swampland in Florida is a figure of speech referring to real estate scams in which a seller misrepresents unusable swampland as developable property. These types of unseen property scams became widely known in the United States in the 20th century, and the phrase is often used metaphorically for any scam that misrepresents what is being sold.
The Union of African States, was a short lasting union of three West African states, in the 1960s - Mali, Ghana, and Guinea. This union was Marxist politically, and was led by such African revolutionaries as Kwame Nkrumah of Ghana and Sékou Touré of Guinea , who was president of Guinea.
Blacks were shut out of the private real estate market, with many unable to purchase homes and bankers using federal appraisal policies that unfairly ruled black neighborhoods to be dangerous, risky investments, and were thus able to outright refuse loans to African-Americans. [41]
Ax Handle Saturday, also known as the Jacksonville riot of 1960, was a racially motivated attack in Hemming Park (since renamed James Weldon Johnson Park) in Jacksonville, Florida, on August 27, 1960. A group of about 200 white men used baseball bats and ax handles to attack black people who were in sit-in protests opposing racial segregation.