
Savings and Trust
The Rise and Betrayal of the Freedman's Bank
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Narrated by:
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Diana Blue
About this listen
In the years immediately after the Civil War, tens of thousands of former slaves deposited millions of dollars into the Freedman's Bank. African Americans envisioned this new bank as a launching pad for economic growth and self-determination. But only nine years after it opened, their trust was betrayed and the Freedman's Bank collapsed.
Fully informed by new archival findings, historian Justene Hill Edwards unearths a major turning point in American history in this comprehensive account of the Freedman's Bank and its depositors. She illuminates the hope with which the bank was first envisioned and demonstrates the significant setback that the sabotage of the bank caused in the fight for economic autonomy. Hill Edwards argues for a new interpretation of its tragic failure: the bank's white financiers drove the bank into the ground, not Fredrick Douglass, its final president, or its Black depositors and cashiers. A compelling story filled with both well-known figures like Abraham Lincoln, Frederick Douglass, Jay and Henry Cooke, and General O. O. Howard, and less well-known figures like Dr. Charles B. Purvis, John Mercer Langston, Congressman Robert Smalls, and Ellen Baptiste Lubin. Savings and Trust is a must-listen for those seeking to understand the roots of racial economic inequality in America.
©2024 Justene Hill Edwards (P)2024 Ascent AudioListeners also enjoyed...
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- Harriet Tubman, the Combahee River Raid, and Black Freedom During the Civil War
- By: Dr. Edda L. Fields-Black
- Narrated by: Machelle Williams
- Length: 25 hrs and 20 mins
- Unabridged
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The story of the Combahee River Raid, one of Harriet Tubman's most extraordinary accomplishments, based on original documents and written by a descendant of one of the participants: Edda L. Fields-Black shows how Tubman commanded a ring of spies, scouts, and pilots and participated in military expeditions behind Confederate lines. On June 2, 1863, Tubman and her crew piloted two regiments of Black US Army soldiers, the Second South Carolina Volunteers, and their white commanders up coastal South Carolina's Combahee River in three gunboats.
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Bringing the forgotten to life
- By GAT on 07-16-24
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Raiders, Rulers, and Traders
- The Horse and the Rise of Empires
- By: David Chaffetz
- Narrated by: Paul Boehmer
- Length: 13 hrs and 56 mins
- Unabridged
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No animal is so entangled in human history as the horse. The thread starts in prehistory, with a slight, shy animal, hunted for food. Domesticating the horse allowed early humans to settle the vast Eurasian steppe; later, their horses enabled new forms of warfare, encouraged long-distance trade routes, and ended up acquiring deep cultural and religious significance.
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Amazing breath of scope
- By neale aslett on 02-12-25
By: David Chaffetz
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Selling Sexy
- Victoria’s Secret and the Unraveling of an American Icon
- By: Lauren Sherman, Chantal Fernandez
- Narrated by: Allyson Ryan
- Length: 12 hrs and 28 mins
- Unabridged
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Victoria’s Secret is one of the most influential and polarizing brands to ever infiltrate the psyche of the American consumer. Almost right at its start in the late 1970s, the company developed a cult following for its glamorous catalogs. Back then, shoppers had few alternatives to the stodgy department stores that sold most of the nation’s intimate apparel. By 1982, the founders of Victoria’s Secret avoided bankruptcy by selling to Les Wexner, the fast-fashion pioneer behind the Limited, whose empire of mall brands would go on to dominate American retail for forty years.
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Better business books - read one of those
- By Customer - Reader on 02-22-25
By: Lauren Sherman, and others
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Ocean
- A History of the Atlantic Before Columbus
- By: John Haywood
- Narrated by: Ben Eagle
- Length: 18 hrs and 4 mins
- Unabridged
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A dazzling and ambitious history of the pre-Columbian Atlantic seas, Ocean is a story that begins with the formation of the mid-Atlantic ridge some 200 million years ago and ends with the Castilian conquest of the Canary Islands in the fifteenth century, providing a template for the methods used by the Spanish in their colonization of the New World.
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Prehistory of the Atlantic
- By Sarah C on 03-14-25
By: John Haywood
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American Civil Wars
- A Continental History, 1850-1873
- By: Alan Taylor
- Narrated by: Graham Winton
- Length: 17 hrs and 8 mins
- Unabridged
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The American Civil War stands at the center of the story, its military history and the drama of emancipation the highlights. Taylor relies on vivid characters to carry the story, from Joseph Hooker, whose timidity in crisis was exploited by Robert E. Lee and Stonewall Jackson in the Union defeat at Chancellorsville, to Martin Delany and Mary Ann Shadd Cary, Black abolitionists whose critical work in Canada and the United States advanced emancipation and the enrollment of Black soldiers in Union armies.
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fascinating!
- By Brandon Marken on 07-12-24
By: Alan Taylor
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Somewhere Toward Freedom
- By: Bennett Parten
- Narrated by: Jonathan Beville
- Length: 7 hrs and 50 mins
- Unabridged
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Historian Bennett Parten provides a groundbreaking account of Sherman’s March to the Sea—the critical Civil War campaign that destroyed the Confederacy—told for the first time from the perspective of the tens of thousands of enslaved people who fled to the Union lines and transformed Sherman’s march into the biggest liberation event in American history.
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Compelling history, well told!
- By Nina Lovel on 02-26-25
By: Bennett Parten
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White Poverty
- How Exposing Myths About Race and Class Can Reconstruct American Democracy
- By: Reverend Dr. William Barber II, Jonathan Wilson-Hartgrove - contributor
- Narrated by: Bill Andrew Quinn
- Length: 6 hrs and 55 mins
- Unabridged
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One of the most pernicious and persistent myths in the United States is the association of Black skin with poverty. Though there are forty million more poor white people than Black people, most Americans, both Republicans and Democrats, continue to think of poverty—along with issues like welfare, unemployment, and food stamps—as solely a Black problem. Why is this so? What are the historical causes? And what are the political consequences that result?
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Cannot be antiracist without the ties that bind
- By marwalk on 08-25-24
By: Reverend Dr. William Barber II, and others
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A History of Money and Banking in the United States: The Colonial Era to World War II
- By: Murray N. Rothbard
- Narrated by: Matthew Mezinskis
- Length: 13 hrs and 48 mins
- Unabridged
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In what is sure to become the standard account, Rothbard traces inflations, banking panics, and money meltdowns from the colonial period through the mid-20th century to show how government's systematic war on sound money is the hidden force behind nearly all major economic calamities in American history. Never has the story of money and banking been told with such rhetorical power and theoretical vigor. You will treasure this volume.
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Great facts (if selective); ideological rigidity
- By Philo on 02-04-16
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Stolen Pride
- Loss, Shame, and the Rise of the Right
- By: Arlie Russell Hochschild
- Narrated by: Ellen Archer
- Length: 9 hrs and 31 mins
- Unabridged
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For all the attempts to understand the state of American politics and the blue/red divide, we've ignored what economic and cultural loss can do to pride. What happens, Arlie Russell Hochschild asks, when a proud people in a hard-hit region suffer the deep loss of pride and are confronted with a powerful political appeal that makes it feel "stolen"? Hochschild's research drew her to Pikeville, Kentucky, in the heart of Appalachia, within the whitest and second-poorest congressional district in the nation.
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interesting conversations
- By Mark on 03-15-25
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The Elements of Marie Curie
- How the Glow of Radium Lit a Path for Women in Science
- By: Dava Sobel
- Narrated by: Pat Rodrigues
- Length: 9 hrs and 59 mins
- Unabridged
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“Even now, nearly a century after her death, Marie Curie remains the only female scientist most people can name,” writes Dava Sobel at the opening of her shining portrait of the sole Nobel laureate decorated in two separate fields of science—Physics in 1903 with her husband Pierre and Chemistry by herself in 1911. And yet, Sobel makes clear, as brilliant and creative as she was in the laboratory, Marie Curie was equally passionate outside it.
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Wonderful
- By A. Zitelli on 02-06-25
By: Dava Sobel
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The Impossible Man
- Roger Penrose and the Cost of Genius
- By: Patchen Barss
- Narrated by: Jonathan Beville
- Length: 11 hrs and 33 mins
- Unabridged
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When he was six years old, Roger Penrose discovered a sundial in a clearing near his house. Through that machine made of light, shadow, and time, Roger glimpsed a “world behind the world” of transcendently beautiful geometry. It spurred him on a journey to become one of the world’s most influential mathematicians, philosophers, and physicists. Penrose would prove the limitations of general relativity, set a new agenda for theoretical physics, and astound colleagues and admirers with the elegance and beauty of his discoveries.
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Flawed
- By Michael on 01-12-25
By: Patchen Barss
What listeners say about Savings and Trust
Average customer ratingsReviews - Please select the tabs below to change the source of reviews.
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- Marc R.
- 11-25-24
Enlightening and Engaging
The content and pace of the book were perfect to absorb and process. I’ve recommended the book on my social media platform—it’s just that profound
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- Kathleen Carroll
- 11-16-24
History good
Too repetitive ,I liked the layout . The timeline was clear .however the story itself was thin .
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- Anonymous User
- 11-27-24
No final accounting
Good book exposing not unexpected financial shenanigans.I would have liked a final accounting of how many people lost how much money and where it all went.
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- Jerome Petruk
- 01-22-25
Very Boring
The text is terribly repetitive. The author seemed like they must emphasize the least important details. The narrator however had a pleasant voice, so there's that. Pity she had to stick to the text.
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