In her preface to Savings and Trust: The Rise and Betrayal of the Freedman’s Bank, historian Justene Hill Edwards explains,
A group of white Americans gambled with, plundered, and stole from Black people as they climbed out of slavery into a new era of freedom. People at the highest levels of finance and government pillaged a bank filled with African Americans’ money and destroyed the economic foundations on which recently freed people were building their lives.
One of the origins of America’s racial wealth gap can be found in the failure of the Freedman’s Bank in 1874.
Join us on Monday, February 10, to learn the history of the Freedman’s Bank that should be included in U.S. history and economics courses.
|