The Rise and Betrayal of the Freedman's Bank.
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The Rise and Betrayal of the Freedman's Bank.
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The Freedman's Bank, established in 1865, aimed to empower newly freed slaves through financial literacy and economic opportunity. However, mismanagement and exploitation led to its devastating collapse in 1874, robbing many of their hard-earned savings. In this episode, we speak with Dr. Professor Justene Hill Edwards, author of 'The Rise and Betrayal of the Freedman's Bank,' to uncover the complex history of this institution, its role in the Reconstruction era, and its lasting impact on the African American community and the racial wealth gap.
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