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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

The Collapse of Freedman's Bank

This chapter examines Frederick Douglass's pivotal role in the Freedman's Bank and its significant impact on African American financial issues. It highlights the bank's eventual collapse, revealing the severe mismanagement of funds and systemic injustices faced by depositors. The narrative connects the historical failure of the bank to ongoing challenges within the financial system, underscoring the enduring struggle for accountability and economic justice in African American communities.

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