The Rise and Fall of the Freedman's Savings Bank: And its Lasting Socio-Economic

Description: The Rise and Fall of the Freedman's Savings Bank by Rodney A. Brooks Estimated delivery 3-12 business days Format Paperback Condition Brand New Description Tells the history of the Freedmans Savings Bank, how it grew much too quickly, why it failed and the impact on Black America. This book will put the Freedmans Savings Bank in the conversation with reparations, Baby Bonds and financial literacy. Publisher Description The author tells the history of the Freedmans 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 Freedmans Bureau to provide those services. It also created the Freedmans 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 Freedmans 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 may 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 0f 2020 and the Covid pandemic, some of the persistent and long-lasing 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 Freedmans Savings Bank and the resulting loss of wealth and generational wealth in Black America.This book will put the Freedmans Savings Bank in the conversation with reparations, Baby Bonds and financial literacy. Author Biography Rodney A. Brooks, former Deputy Managing Editor/Money at USA TODAY, is author of the book Fixing the Racial Wealth Gap: Racism and Discrimination Put Us Here, But This Is How We Can Save Future Generations. The book was a winner of the National Association of Black Journalists (NABJ) Outstanding Book Award in 2022 and also made the shortlist for the Society for Advancing Business Editing and Writing (SABEW) Third Annual Best in Business Book Awards. A recipient of the Presidents Award from the National Association of Black Journalists, he was elected to the NABJ Hall of Fame in 2021. He was named a Senior Fellow at Prosperity Now in 2022. Details ISBN 1910151491 ISBN-13 9781910151495 Title The Rise and Fall of the Freedman's Savings Bank Author Rodney A. Brooks Format Paperback Year 2024 Pages 200 Publisher Spiramus Press GE_Item_ID:160595631; About Us Grand Eagle Retail is the ideal place for all your shopping needs! With fast shipping, low prices, friendly service and over 1,000,000 in stock items - you're bound to find what you want, at a price you'll love! Shipping & Delivery Times Shipping is FREE to any address in USA. Please view eBay estimated delivery times at the top of the listing. Deliveries are made by either USPS or Courier. We are unable to deliver faster than stated. International deliveries will take 1-6 weeks. NOTE: We are unable to offer combined shipping for multiple items purchased. This is because our items are shipped from different locations. Returns If you wish to return an item, please consult our Returns Policy as below: Please contact Customer Services and request "Return Authorisation" before you send your item back to us. Unauthorised returns will not be accepted. Returns must be postmarked within 4 business days of authorisation and must be in resellable condition. Returns are shipped at the customer's risk. We cannot take responsibility for items which are lost or damaged in transit. For purchases where a shipping charge was paid, there will be no refund of the original shipping charge. Additional Questions If you have any questions please feel free to Contact Us. Categories Baby Books Electronics Fashion Games Health & Beauty Home, Garden & Pets Movies Music Sports & Outdoors Toys

Price: 29.36 USD

Location: Fairfield, Ohio

End Time: 2025-01-15T03:37:20.000Z

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