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 AudioRelated to this topic
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The Absinthe Forger
- A True Story of Deception, Betrayal, and the World’s Most Dangerous Spirit
- By: Evan Rail
- Narrated by: Mike Lenz
- Length: 8 hrs and 22 mins
- Unabridged
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Absinthe, an elixir made of alcohol and herbs, is a booming business. Yet it is still an underground culture, associated with mystery, romance, and bohemian lifestyles, in keeping with its popularity among the writers, artists, and other ne'er-do-wells. First produced in eighteenth century, the spirit, known as "the Green Fairy," was banned worldwide by 1914 before the bans were gradually overturned beginning in 2005, the year Switzerland relegalized absinthe.
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Interesting story, idiot reader
- By Shakira Chadwick on 12-21-24
By: Evan Rail
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The Burning Earth
- A History
- By: Sunil Amrith
- Narrated by: Esh Alladi
- Length: 11 hrs and 36 mins
- Unabridged
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The imperial, globe-spanning pursuit of profit, joined with new forms of energy and new possibilities of freedom from hunger and discomfort, freedom to move and explore, has brought change to every inch of the Earth. Amrith relates in gorgeous prose, and on the largest canvas, a mind-altering epic in which humanity might find the collective wisdom to save itself.
By: Sunil Amrith
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Robert Rogers, Ranger
- The Rise and Fall of an American Icon
- By: Martin Klotz
- Narrated by: Jim Seybert
- Length: 10 hrs and 8 mins
- Unabridged
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Robert Rogers, commander of Rogers' Rangers during the French and Indian War, was the war's best-known colonial military hero and, in the ensuing peace, one of the best-known Americans of any description, rivaling Benjamin Franklin in popularity. Rogers is known today for his role in developing the mystique of the modern Ranger, but what explains his meteoric rise and his long, depressing fall? Robert Rogers, Ranger: The Rise and Fall of an American Icon by Martin Klotz is a fresh look at the life of this famous, yet highly flawed man.
By: Martin Klotz
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The Great Transformation
- China’s Road from Revolution to Reform
- By: Chen Jian, Odd Arne Westad
- Narrated by: Feodor Chin
- Length: 14 hrs
- Unabridged
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Odd Arne Westad and Chen Jian chronicle how an impoverished and terrorized China experienced radical political changes in the long 1970s and how ordinary people broke free from the beliefs that had shaped their lives during Mao’s Cultural Revolution. These changes, and the unprecedented and sustained economic growth that followed, transformed China and the world.
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Clear synthesis of a complex issue
- By DDC on 12-17-24
By: Chen Jian, and others
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Goliath
- The 100-Year War Between Monopoly Power and Democracy
- By: Matt Stoller
- Narrated by: Jonathan Davis
- Length: 20 hrs and 17 mins
- Unabridged
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A startling look at how concentrated financial power and consumerism transformed American politics, resulting in the emergence of populism and authoritarianism, the fall of the Democratic Party - while also providing the steps needed to create a new democracy.
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The Fall of American Populist Economics
- By Charlie Morton on 02-26-20
By: Matt Stoller
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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