Savings and Trust
The Rise and Betrayal of the Freedman's Bank
Seiten
2024
WW Norton & Co (Verlag)
978-1-324-07385-7 (ISBN)
WW Norton & Co (Verlag)
978-1-324-07385-7 (ISBN)
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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 Frederick Douglass, its final president, or its Black depositors and cashiers. A page-turning story, Savings and Trust is necessary reading for those seeking to understand the roots of racial 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 Frederick Douglass, its final president, or its Black depositors and cashiers. A page-turning story, Savings and Trust is necessary reading for those seeking to understand the roots of racial economic inequality in America.
Justene Hill Edwards is an associate professor of history at the University of Virginia and the author of both Unfree Markets and a forthcoming Norton Short on the history of inequality in America. She lives in Charlottesville, Virginia.
Erscheint lt. Verlag | 22.10.2024 |
---|---|
Zusatzinfo | 10 illustrations |
Verlagsort | New York |
Sprache | englisch |
Maße | 152 x 229 mm |
Themenwelt | Geisteswissenschaften ► Geschichte ► Regional- / Ländergeschichte |
Geschichte ► Teilgebiete der Geschichte ► Kulturgeschichte | |
Geschichte ► Teilgebiete der Geschichte ► Wirtschaftsgeschichte | |
ISBN-10 | 1-324-07385-3 / 1324073853 |
ISBN-13 | 978-1-324-07385-7 / 9781324073857 |
Zustand | Neuware |
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