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Author: Rodney A. Brooks
Publisher: Spiramus Press Ltd
ISBN: 1913507521
Category : History
Languages : en
Pages : 187
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Book Description
The author tells the history of the Freedman’s Savings Bank, how it grew much too quickly, why it failed and the impact on Black America. The end of slavery in the United States left thousands of enslaved people with the need to survive the transition to freedom, including food, clothing, shelter, and medical care. They would also need education, money and financial services. In 1865 Congress passed legislation to create the Freedman’s Bureau to provide those services. It also created the Freedman’s Savings Bank. Large numbers of the formerly enslaved people had been paid for service in the Union Army – the first time many had cash. And they had no safe depository. The Freedman’s Bank offered that, expanding quickly and gained millions in deposits – mostly ranging from $5 to $50. But inexperience and corruption doomed it to failure, costing many of the small depositors their savings. Some of the biggest issues facing Black consumers today may be able to trace their roots back to this debacle, from the historical distrust in banks to the racial wealth gap. Why publish now? On the heels of the social justice protests of 2020 and the Covid pandemic, some of the persistent and long-lasting problems facing Black Americans bubbled to the top. Black Americans suffered more than White Americans – they got sicker and died more frequently. In addition, they bore the brunt of the job losses economically and business failures. White Americans (and many Black Americans) learned about how vibrant Black communities like Black Wall Street in Tulsa, Oklahoma, were burned to the ground by angry White mobs, destroying generational Black wealth. The racial wealth gap was pushed to the forefront of the debates. Many of those issues in the wealth gap – including the distrust of Banks and the lack of generational wealth in the Black community can be traced back to the collapse of the Freedman’s Savings Bank and the resulting loss of wealth and generational wealth in Black America. This book will put the Freedman’s Savings Bank in the conversation with reparations, Baby Bonds and financial literacy.
Author: Rodney A. Brooks
Publisher: Spiramus Press Ltd
ISBN: 1913507521
Category : History
Languages : en
Pages : 187
Get Book Here
Book Description
The author tells the history of the Freedman’s Savings Bank, how it grew much too quickly, why it failed and the impact on Black America. The end of slavery in the United States left thousands of enslaved people with the need to survive the transition to freedom, including food, clothing, shelter, and medical care. They would also need education, money and financial services. In 1865 Congress passed legislation to create the Freedman’s Bureau to provide those services. It also created the Freedman’s Savings Bank. Large numbers of the formerly enslaved people had been paid for service in the Union Army – the first time many had cash. And they had no safe depository. The Freedman’s Bank offered that, expanding quickly and gained millions in deposits – mostly ranging from $5 to $50. But inexperience and corruption doomed it to failure, costing many of the small depositors their savings. Some of the biggest issues facing Black consumers today may be able to trace their roots back to this debacle, from the historical distrust in banks to the racial wealth gap. Why publish now? On the heels of the social justice protests of 2020 and the Covid pandemic, some of the persistent and long-lasting problems facing Black Americans bubbled to the top. Black Americans suffered more than White Americans – they got sicker and died more frequently. In addition, they bore the brunt of the job losses economically and business failures. White Americans (and many Black Americans) learned about how vibrant Black communities like Black Wall Street in Tulsa, Oklahoma, were burned to the ground by angry White mobs, destroying generational Black wealth. The racial wealth gap was pushed to the forefront of the debates. Many of those issues in the wealth gap – including the distrust of Banks and the lack of generational wealth in the Black community can be traced back to the collapse of the Freedman’s Savings Bank and the resulting loss of wealth and generational wealth in Black America. This book will put the Freedman’s Savings Bank in the conversation with reparations, Baby Bonds and financial literacy.
Author: Justene Hill Edwards
Publisher: W. W. Norton & Company
ISBN: 1324073861
Category : History
Languages : en
Pages : 242
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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.
Author: Justene Hill Edwards
Publisher: Columbia University Press
ISBN: 0231549261
Category : History
Languages : en
Pages : 180
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Book Description
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 time in which to earn money and obtain goods for themselves. Enslaved people led vibrant economic lives, cultivating produce and raising livestock to trade and sell. They exchanged goods with nonslaveholding whites and even sold products to their enslavers. Did these pursuits represent a modicum of freedom in the interstices of slavery, or did they further shackle enslaved people by other means? Justene Hill Edwards illuminates the inner workings of the slaves’ economy and the strategies that enslaved people used to participate in the market. Focusing on South Carolina from the colonial period to the Civil War, she examines how the capitalist development of slavery influenced the economic lives of enslaved people. Hill Edwards demonstrates that as enslavers embraced increasingly capitalist principles, enslaved people slowly lost their economic autonomy. As slaveholders became more profit-oriented in the nineteenth century, they also sought to control enslaved people’s economic behavior and capture the gains. Despite enslaved people’s aptitude for enterprise, their market activities came to be one more part of the violent and exploitative regime that shaped their lives. Drawing on wide-ranging archival research to expand our understanding of racial capitalism, Unfree Markets shows the limits of the connection between economic activity and freedom.
Author: Carl R. Osthaus
Publisher: Urbana : University of Illinois Press
ISBN:
Category : Business & Economics
Languages : en
Pages : 282
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Book Description
History of Freedman's Savings and Trust Company in Washington, D.C.
Author: John Paul Brammer
Publisher: Simon and Schuster
ISBN: 1982141522
Category : Biography & Autobiography
Languages : en
Pages : 224
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Book Description
LGBTQ advice columnist John Paul Brammer writes a “wise and charming” (David Sedaris) memoir-in-essays chronicling his journey from a queer, mixed-race kid in America’s heartland to becoming the “Chicano Carrie Bradshaw” of his generation. “A master class of tone and tenderness.” —The New York Times Book Review (Editors’ Choice) “Should be required reading.” —Los Angeles Times The first time someone called John Paul (JP) Brammer “Papi” was on the gay hookup app Grindr. At first, it was flattering; JP took this as white-guy speak for “hey, handsome.” But then it happened again and again…and again, leaving JP wondering: Who the hell is Papi? Soon, this racialized moniker became the inspiration for his now wildly popular advice column “¡Hola Papi!,” launching his career as the Cheryl Strayed for young queer people everywhere—and some straight people too. JP had his doubts at first—what advice could he really offer while he himself stumbled through his early twenties? Sometimes the best advice comes from looking within, which is what JP does in his column and book—and readers have flocked to him for honest, heartfelt wisdom, and more than a few laughs. In this hilarious, tenderhearted book, JP shares his story of growing up biracial and in the closet in America’s heartland, while attempting to answer some of life’s most challenging questions: How do I let go of the past? How do I become the person I want to be? Is there such a thing as being too gay? Should I hook up with my grade school bully now that he’s out of the closet? Questions we’ve all asked ourselves, surely. ¡Hola Papi! is “a warm, witty compendium of hard-won life lessons,” (Harper’s Bazaar) for anyone—gay, straight, and everything in between—who has ever taken stock of their unique place in the world.
Author: Tim Todd
Publisher:
ISBN: 9780974480978
Category : African American banks
Languages : en
Pages : 158
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Book Description
Generally, books addressing the early history of African American banks have done so either within the larger construct of African American business history and economic development, or as a starting point to explore current issues related to financial services. Focused considerations of these early institutions and their founders have been relatively rare and somewhat scattered. This publication seeks to address this issue.
Author: Brandi Thompson Summers
Publisher: UNC Press Books
ISBN: 1469654024
Category : History
Languages : en
Pages : 257
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Book Description
While Washington, D.C., is still often referred to as “Chocolate City,” it has undergone significant demographic, political, and economic change in the last decade. In D.C., no place represents this shift better than the H Street corridor. In this book, Brandi Thompson Summers documents D.C.’s shift to a “post-chocolate” cosmopolitan metropolis by charting H Street’s economic and racial developments. In doing so, she offers a theoretical framework for understanding how blackness is aestheticized and deployed to organize landscapes and raise capital. Summers focuses on the continuing significance of blackness in a place like the nation’s capital, how blackness contributes to our understanding of contemporary urbanization, and how it laid an important foundation for how Black people have been thought to exist in cities. Summers also analyzes how blackness—as a representation of diversity—is marketed to sell a progressive, “cool,” and authentic experience of being in and moving through an urban center. Using a mix of participant observation, visual and media analysis, interviews, and archival research, Summers shows how blackness has become a prized and lucrative aesthetic that often excludes D.C.’s Black residents.
Author: Walter Lynwood Fleming
Publisher:
ISBN:
Category : Business & Economics
Languages : en
Pages : 192
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Book Description
About Freedmen's Savings and Trust Company in Washington, D.C.
Author: Karen Gray Houston
Publisher: Chicago Review Press
ISBN: 1641603062
Category : Social Science
Languages : en
Pages : 252
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Book Description
In 1950, before Montgomery, Alabama, knew Martin Luther King Jr., before Rosa Parks refused to surrender her seat to a white passenger, before the city's famous bus boycott, a Negro man named Hilliard Brooks was shot and killed by a white police officer in a confrontation after he tried to board a city bus. Thomas Gray, who had played football with Hilliard when they were kids, was outraged by the unjustifiable shooting. Gray protested, eventually staging a major downtown march to register voters, and standing up to police brutality. Five years later, he led another protest, this time against unjust treatment on the city's segregated buses. On the front lines of what became the Montgomery bus boycott, Gray withstood threats and bombings alongside his brother, Fred D. Gray, the young lawyer who represented Martin Luther King Jr., Rosa Parks, and the rarely mentioned Claudette Colvin, a plaintiff in the case that forced Alabama to desegregate its buses. An incredible story of family in the pivotal years of the civil rights movement, Daughter of the Boycott is the reflection of Thomas Gray's daughter, award-winning broadcast journalist Karen Gray Houston, on how her father's and uncle's selfless actions changed the nation's racial climate and opened doors for her and countless other African Americans.
Author: Meyer Weinberg
Publisher: Bloomsbury Publishing USA
ISBN: 0313064601
Category : Political Science
Languages : en
Pages : 704
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Book Description
This volume represents the most comprehensive book-length bibliography on the subject of racism available in the United States. Compiler Meyer Weinberg has surveyed a wide-ranging group of material and classified it under 87 subject headings, drawing on articles, books, congressional hearings and reports, theses and dissertations, research reports, and investigative journalism. Historical references cover the long history of racism, while the heightened awareness and activity of the recent past is also addressed in detail. In addition to works that fit the narrow definition of racism as a mode of oppression or group denial of rights based on color, Weinberg includes references dealing with sexism, antisemitism, economic exploitation, and similar forms of dehumanization. References are grouped under a series of subject headings that include Civil Rights, Desegregation, Housing, Socialism and Racism, Unemployment, and Violence against Minorities. Items which do not have self-explanatory titles are annotated, and virtually every section is thoroughly cross-referenced. Also included is one section of carefully selected references on racism in countries other than the United States. Unlike the remainder of the book, this section is not comprehensive, but rather provides an opportunity to view racism comparatively. The volume concludes with an author index. This work will be a significant addition to both academic and public libraries, as well as an important resource for courses in racism, sociology, and black history.
