American History Tellers cover image

Reconstruction Era | The Panic | 5

American History Tellers

CHAPTER

The Freedman's Savings Bank Is Closed

More than 60,000 black depositors lost their entire life savings at the Freedman's Savings Bank. The bank's collapse contributed to black disillusionment and distrust of banking institutions. It also provided ready ammunition to Democrats seeking to prove the folly of Reconstruction. Democratic Redeemers championed a return to what they called Home Rule.

00:00
Transcript
Play full episode

Remember Everything You Learn from Podcasts

Save insights instantly, chat with episodes, and build lasting knowledge - all powered by AI.
App store bannerPlay store banner