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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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- How the Wealthy Use Life Insurance as a Tax-Free Personal Bank to Supercharge Their Savings
- By: Jake Thompson
- Narrated by: Alan Caudle
- Length: 1 hr and 27 mins
- Unabridged
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America's elite have been using cash value life insurance to stockpile wealth for centuries. Used correctly, it is better described as a personal bank on steroids, and a financial bunker for tough times. To be clear, this audiobook is not about the typical garbage peddled by most insurance agents. Rather, an alternative to the risky investment strategies taught by Wall Street. It details a highly efficient form of cash value life insurance designed to supercharge your savings and stockpile wealth.
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what the heck was this?
- By Gladys Torres on 10-20-16
By: Jake Thompson
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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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