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Justene Hill Edwards, "Savings and Trust: The Rise and Betrayal of the Freedman's Bank" (Norton, 2024)

New Books in Economic and Business History

CHAPTER

Trust and Turmoil: The Impact of the 1873 Panic on Black Depositors

This chapter examines the impact of the financial uncertainty leading up to the panic of 1873 on the Freedman's Bank. It explores the fears that drove black depositors to withdraw their funds, revealing the emotional and practical challenges faced by African Americans during this tumultuous period.

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