Freedman's Bank | Black History in Two Minutes (or so)
In 1865, after the north won the Civil War, the government opened the Freedman’s Bank. This institution was geared towards nearly four million, newly freed black people. The objective was clear: provide a federally protected place for black workers to place their funds.
By 1871, 37 branches were open in the US, with over 70,000 people depositing $60 million into this bank. This was particularly amazing considering the limited amount of wealth many emancipated blacks had just years earlier. But in 1873, a great depression happened, shifting the economy and heightening tensions nationally.
Hosted by Henry Louis Gates Jr. - with additional commentary from Hasan Jeffries and Vincent Brown - we look at what many would consider to be one of the leading causes of generational distrust in banking institutions for black families across the United States.
Archival Materials Courtesy of:
Alamy Images
Getty Images
Executive Producers:
Robert F. Smith
Henry Louis Gates Jr.
Dyllan McGee
Deon Taylor
Music By:
Oovra Music
Be Woke presents is brought to you by Robert F. Smith and Deon Taylor.
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Пікірлер: 20
Appreciate the effort to make this series but this video paints an incomplete picture of what happened. Yes there was a recession but that's not what caused it's demise. An example is the Seneca Sandstone Company, the owner of the Seneca Quarry, which took out unsecured loans from the bank, approved by Henry D. Cooke, who sat on the boards of both the quarry company and the Freedman's Bank.
@darveyp
2 жыл бұрын
This part. They keep trying to brush the details under the rug.
@guyanacreations4073
2 жыл бұрын
Thankyou this nonsense is a lie!!
@mrsberryblessed
2 жыл бұрын
Exactly!
@Stackzz12
Жыл бұрын
THANK YOU!!!!!!!!
How could you get so close to telling people the truth and NOT tell it?
@immasoxfanbaby
Жыл бұрын
Half of the truth is The ponytail club
4 million American indeginious started over 1900 townships in America
Sharecropping led to indentured servitude... then along came the Freedman banking collapse...
Jim Crow Laws of Ga Black History of Ga
This is misinformation
@BlackHistoryinTwoMinutes
3 жыл бұрын
She is just trolling
Peace and Love! This story is full of lies! Continue your research, the truth is not far off. Henry Gates why lie? Fake dude w/ shirt and tie you are a liar as well! Shame on you both!!