Savings and Trust: The Rise and Betrayal of the Freedman's Bank

Released on by Justene Hill Edwards
preview-18

  • Savings and Trust: The Rise and Betrayal of the Freedman's Bank Book Detail

  • Author : Justene Hill Edwards
  • Release Date : 2024-10-22
  • Publisher : W. W. Norton & Company
  • Genre : History
  • Pages : 242
  • ISBN 13 : 1324073861
  • File Size : 6,6 MB
DOWNLOAD BOOK

Savings and Trust: The Rise and Betrayal of the Freedman's Bank by Justene Hill Edwards PDF Summary

Book Description: A leading historian exposes how the rise and tragic failure of the Freedman’s Bank has shaped economic inequality in America. In the years immediately after the Civil War, tens of thousands of former slaves deposited millions of dollars into the Freedman’s Bank. African Americans envisioned this new bank as a launching pad for economic growth and self-determination. But only nine years after it opened, their trust was betrayed and the Freedman’s Bank collapsed. Fully informed by new archival findings, historian Justene Hill Edwards unearths a major turning point in American history in this comprehensive account of the Freedman’s Bank and its depositors. She illuminates the hope with which the bank was first envisioned and demonstrates the significant setback that the sabotage of the bank caused in the fight for economic autonomy. Hill Edwards argues for a new interpretation of its tragic failure: the bank’s white financiers drove the bank into the ground, not Fredrick Douglass, its final president, or its Black depositors and cashiers. A page-turning story filled with both well-known figures like Abraham Lincoln, Frederick Douglass, Jay and Henry Cooke, and General O. O. Howard, and less well-known figures like Dr. Charles B. Purvis, John Mercer Langston, Congressman Robert Smalls, and Ellen Baptiste Lubin. Savings and Trust is necessary reading for those seeking to understand the roots of racial economic inequality in America.

Disclaimer: www.yourbookbest.com does not own Savings and Trust: The Rise and Betrayal of the Freedman's Bank books pdf, neither created or scanned. We just provide the link that is already available on the internet, public domain and in Google Drive. If any way it violates the law or has any issues, then kindly mail us via contact us page to request the removal of the link.

Unfree Markets

Unfree Markets

File Size : 28,28 MB
Total View : 4461 Views
DOWNLOAD

The everyday lives of enslaved people were filled with the backbreaking tasks that their enslavers forced them to complete. But in spare moments, they found tim