I just got hooked up with a copy of new release, Savings & Trust: The Rise and Betrayal of the Freedman's Bank (Justene Hill Edwards). It pulls back the covers on one serious root web of racial inequality in U.S. economic history and sets up a strong case for a federal reparations campaign to compensate depositor's descendants today.
"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."
I really appreciate your effort to collect and share our movement's lineage, too. I'm excited for more!
and thanks for your support! it really makes a difference
Thanks for sharing your reading list, Michael!
I just got hooked up with a copy of new release, Savings & Trust: The Rise and Betrayal of the Freedman's Bank (Justene Hill Edwards). It pulls back the covers on one serious root web of racial inequality in U.S. economic history and sets up a strong case for a federal reparations campaign to compensate depositor's descendants today.
"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."
ooh! thanks for the heads up. That looks like a real important story. glad to know about it. i wanna check it out.