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The Rise And Fall Of The Freedmans Savings Bank
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Book Synopsis The Rise and Fall of the Freedman's Savings Bank by : Rodney A. Brooks
Download or read book The Rise and Fall of the Freedman's Savings Bank written by Rodney A. Brooks and published by Spiramus Press Ltd. This book was released on 2024-04-13 with total page 187 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.
Book Synopsis The Rise and Fall of the Freedman's Bank by : Rodney A Brooks
Download or read book The Rise and Fall of the Freedman's Bank written by Rodney A Brooks and published by . This book was released on 2024-02 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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 Freedman's Bank offered a safe depository for formerly enslaved people, expanded quickly and gained millions in deposits - mostly ranging from $5 to $50. But inexperience and corruption doomed it to failure, costing may of the small depositors their savings.
Book Synopsis Freedmen, Philanthropy, and Fraud by : Carl R. Osthaus
Download or read book Freedmen, Philanthropy, and Fraud written by Carl R. Osthaus and published by Urbana : University of Illinois Press. This book was released on 1976 with total page 282 pages. Available in PDF, EPUB and Kindle. Book excerpt: History of Freedman's Savings and Trust Company in Washington, D.C.
Book Synopsis The Freedmen's Savings Bank by : Walter Lynwood Fleming
Download or read book The Freedmen's Savings Bank written by Walter Lynwood Fleming and published by . This book was released on 1927 with total page 192 pages. Available in PDF, EPUB and Kindle. Book excerpt: About Freedmen's Savings and Trust Company in Washington, D.C.
Book Synopsis Savings and Trust by : Justene Hill Edwards
Download or read book Savings and Trust written by Justene Hill Edwards and published by . This book was released on 2024-10-22 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: A leading historian exposes how the rise and tragic failure of the Freedman's Bank has shaped economic inequality in America.
Book Synopsis The Color of Money by : Mehrsa Baradaran
Download or read book The Color of Money written by Mehrsa Baradaran and published by Harvard University Press. This book was released on 2017-09-14 with total page 382 pages. Available in PDF, EPUB and Kindle. Book excerpt: “Read this book. It explains so much about the moment...Beautiful, heartbreaking work.” —Ta-Nehisi Coates “A deep accounting of how America got to a point where a median white family has 13 times more wealth than the median black family.” —The Atlantic “Extraordinary...Baradaran focuses on a part of the American story that’s often ignored: the way African Americans were locked out of the financial engines that create wealth in America.” —Ezra Klein When the Emancipation Proclamation was signed in 1863, the black community owned less than 1 percent of the total wealth in America. More than 150 years later, that number has barely budged. The Color of Money seeks to explain the stubborn persistence of this racial wealth gap by focusing on the generators of wealth in the black community: black banks. With the civil rights movement in full swing, President Nixon promoted “black capitalism,” a plan to support black banks and minority-owned businesses. But the catch-22 of black banking is that the very institutions needed to help communities escape the deep poverty caused by discrimination and segregation inevitably became victims of that same poverty. In this timely and eye-opening account, Baradaran challenges the long-standing belief that black communities could ever really hope to accumulate wealth in a segregated economy. “Black capitalism has not improved the economic lives of black people, and Baradaran deftly explains the reasons why.” —Los Angeles Review of Books “A must read for anyone interested in closing America’s racial wealth gap.” —Black Perspectives
Book Synopsis Unfree Markets by : Justene Hill Edwards
Download or read book Unfree Markets written by Justene Hill Edwards and published by Columbia University Press. This book was released on 2021-04-13 with total page 180 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.
Book Synopsis Black in Place by : Brandi Thompson Summers
Download or read book Black in Place written by Brandi Thompson Summers and published by UNC Press Books. This book was released on 2019-09-09 with total page 257 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.
Book Synopsis Daughter of the Boycott by : Karen Gray Houston
Download or read book Daughter of the Boycott written by Karen Gray Houston and published by Chicago Review Press. This book was released on 2020-05-05 with total page 252 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.
Download or read book Hola Papi written by John Paul Brammer and published by Simon and Schuster. This book was released on 2022-06-07 with total page 224 pages. Available in PDF, EPUB and Kindle. Book excerpt: The popular LGBTQ advice columnist and writer presents a memoir-in-essays chronicling his journey growing up as a queer, mixed-race kid in America's heartland to becoming the "Chicano Carrie Bradshaw" of his generation.
Book Synopsis Let Us Put Our Money Together by : Tim Todd
Download or read book Let Us Put Our Money Together written by Tim Todd and published by . This book was released on 2019-05-31 with total page 158 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.
Book Synopsis Banking on Freedom by : Shennette Garrett-Scott
Download or read book Banking on Freedom written by Shennette Garrett-Scott and published by Columbia University Press. This book was released on 2019-05-07 with total page 197 pages. Available in PDF, EPUB and Kindle. Book excerpt: Between 1888 and 1930, African Americans opened more than a hundred banks and thousands of other financial institutions. In Banking on Freedom, Shennette Garrett-Scott explores this rich period of black financial innovation and its transformative impact on U.S. capitalism through the story of the St. Luke Bank in Richmond, Virginia: the first and only bank run by black women. Banking on Freedom offers an unparalleled account of how black women carved out economic, social, and political power in contexts shaped by sexism, white supremacy, and capitalist exploitation. Garrett-Scott chronicles both the bank’s success and the challenges this success wrought, including extralegal violence and aggressive oversight from state actors who saw black economic autonomy as a threat to both democratic capitalism and the social order. The teller cage and boardroom became sites of activism and resistance as the leadership of president Maggie Lena Walker and other women board members kept the bank grounded in meeting the needs of working-class black women. The first book to center black women’s engagement with the elite sectors of banking, finance, and insurance, Banking on Freedom reveals the ways gender, race, and class shaped the meanings of wealth and risk in U.S. capitalism and society.
Download or read book A Potent Moment written by Jeffrey Moyer and published by Rowman & Littlefield. This book was released on 2023-12-06 with total page 355 pages. Available in PDF, EPUB and Kindle. Book excerpt: A Potent Moment assesses the current state of cannabis laws in the United States in the context of broader discussions about drug policy and advances a framework for future efforts to use cannabis legalization to advance social equity. It describes the racist origins of cannabis criminalization and the ways in which the prosecutors of the War on Drugs have disproportionately harmed people of color. It also offers numerous detailed case studies to identify both the successes and failures of the more recent movement to legalize cannabis at the state level, particularly in terms of their efficacy at using cannabis policy to redress social inequality. At the same time, the author considers the difficulty of crafting effective policies in the face of ongoing cannabis criminalization at the federal level, a theme which is present throughout the book as well as in a chapter dedicated to weighing the benefits—but also real dangers—of various proposals for national legalization. A Potent Moment ends with a forceful call to reorient American drug policy away from fear, stigma, and punishment and toward evidence-driven approaches that are applied with compassion.
Book Synopsis Born Along the Color Line by : Eben Miller
Download or read book Born Along the Color Line written by Eben Miller and published by Oxford University Press. This book was released on 2012-02 with total page 368 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book chronicles the 1933 Amenia Conference in upstate New York which brought together a young group of African-American activists who would shape the ongoing civil rights movement during the Depression, World War II, and beyond.
Book Synopsis China's Emerging Middle Class by : Cheng Li
Download or read book China's Emerging Middle Class written by Cheng Li and published by Brookings Institution Press. This book was released on 2010 with total page 417 pages. Available in PDF, EPUB and Kindle. Book excerpt: Decades ago, there was no distinct middle class in the People's Republic of China. Any meaningful discussion of China's economy, politics, or society must take into account the rapid emergence and explosive growth of the Chinese middle class. This book details the origins and characteristics of this dramatic change.
Download or read book Mr. Speaker! written by James Grant and published by Simon and Schuster. This book was released on 2012-05-15 with total page 450 pages. Available in PDF, EPUB and Kindle. Book excerpt: Originally published: New York: Simon & Schuster, 2011.
Book Synopsis Identities on Trial in the United States by : ChorSwang Ngin
Download or read book Identities on Trial in the United States written by ChorSwang Ngin and published by Rowman & Littlefield. This book was released on 2018-08-15 with total page 267 pages. Available in PDF, EPUB and Kindle. Book excerpt: ChorSwang Ngin radically shifts the asylum-seeking narrative by focusing on rarely heard stories of persecution and escape from China and southeast Asia. Identities on Trial in the United States weaves together the cases of a tortured student from a Myanmar prison, an apostate of Islam, several victims of ethnic and sexual violence from Indonesia, and the escape of men and women from China’s draconian one-child policy, among others. Joann Yeh, an immigration attorney and contributor to this work, examines asylum seeking in a Mandarin-speaking Californian community and discuss the failure of the United States' quasi-judicial immigration system, highlighting "asylum lawfare" in courtroom dramas and arguing for an anthropological advantage in asylum preparation. This book is an essential text for policy makers, students, lawyers, activists, and those engaged with migration studies seeking a more just asylum outcome.
