Why Did It Take Until 1966 for an African American

question 32

Essay

Why did it take until 1966 for an African American and 1981 for a woman to serve on the Supreme Court? What might have been some reasons advanced for the exclusion of African Americans and women from the Court? How have the inclusion of members of these groups affected Supreme Court decisions?

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Definitions:

Paid-In Capital

The total amount of money shareholders have invested in a company through the purchase of its stock, excluding retained earnings.

Treasury Stock

Shares that were issued and subsequently reacquired by the issuing corporation, reducing the amount of outstanding stock on the open market.

Stockholders' Equity

The residual interest in the assets of a corporation after deducting liabilities, representing ownership interest.

Financial Statements

Systematic records that provide an overview of a company's financial condition, including balance sheets, income statements, and cash flow statements.