Download or read book The Rise and Fall of the Freedman s Savings Bank written by Rodney A. Brooks and published by Spiramus Press Ltd. This book was released on 2024-04-13 with total page 187 pages. Available in PDF, EPUB and Kindle. Book excerpt: The author tells the history of the Freedman’s Savings Bank, how it grew much too quickly, why it failed and the impact on Black America. The end of slavery in the United States left thousands of enslaved people with the need to survive the transition to freedom, including food, clothing, shelter, and medical care. They would also need education, money and financial services. In 1865 Congress passed legislation to create the Freedman’s Bureau to provide those services. It also created the Freedman’s Savings Bank. Large numbers of the formerly enslaved people had been paid for service in the Union Army – the first time many had cash. And they had no safe depository. The Freedman’s Bank offered that, expanding quickly and gained millions in deposits – mostly ranging from $5 to $50. But inexperience and corruption doomed it to failure, costing many of the small depositors their savings. Some of the biggest issues facing Black consumers today may be able to trace their roots back to this debacle, from the historical distrust in banks to the racial wealth gap. Why publish now? On the heels of the social justice protests of 2020 and the Covid pandemic, some of the persistent and long-lasting problems facing Black Americans bubbled to the top. Black Americans suffered more than White Americans – they got sicker and died more frequently. In addition, they bore the brunt of the job losses economically and business failures. White Americans (and many Black Americans) learned about how vibrant Black communities like Black Wall Street in Tulsa, Oklahoma, were burned to the ground by angry White mobs, destroying generational Black wealth. The racial wealth gap was pushed to the forefront of the debates. Many of those issues in the wealth gap – including the distrust of Banks and the lack of generational wealth in the Black community can be traced back to the collapse of the Freedman’s Savings Bank and the resulting loss of wealth and generational wealth in Black America. This book will put the Freedman’s Savings Bank in the conversation with reparations, Baby Bonds and financial literacy.
Download or read book Freedmen Philanthropy and Fraud written by Carl R. Osthaus and published by Urbana : University of Illinois Press. This book was released on 1976 with total page 282 pages. Available in PDF, EPUB and Kindle. Book excerpt: History of Freedman's Savings and Trust Company in Washington, D.C.
Download or read book Other People s Money written by Barry Eichengreen and published by University of Chicago Press. This book was released on 2010-04-15 with total page 306 pages. Available in PDF, EPUB and Kindle. Book excerpt: Recent crises in emerging markets have been heavily driven by balance-sheet or net-worth effects. Episodes in countries as far-flung as Indonesia and Argentina have shown that exchange rate adjustments that would normally help to restore balance can be destabilizing, even catastrophic, for countries whose debts are denominated in foreign currencies. Many economists instinctually assume that developing countries allow their foreign debts to be denominated in dollars, yen, or euros because they simply don't know better. Presenting evidence that even emerging markets with strong policies and institutions experience this problem, Other People's Money recognizes that the situation must be attributed to more than ignorance. Instead, the contributors suggest that the problem is linked to the operation of international financial markets, which prevent countries from borrowing in their own currencies. A comprehensive analysis of the sources of this problem and its consequences, Other People's Money takes the study one step further, proposing a solution that would involve having the World Bank and regional development banks themselves borrow and lend in emerging market currencies.
Download or read book Unfree Markets written by Justene Hill Edwards and published by Columbia University Press. This book was released on 2021-04-13 with total page 180 pages. Available in PDF, EPUB and Kindle. Book excerpt: The everyday lives of enslaved people were filled with the backbreaking tasks that their enslavers forced them to complete. But in spare moments, they found time in which to earn money and obtain goods for themselves. Enslaved people led vibrant economic lives, cultivating produce and raising livestock to trade and sell. They exchanged goods with nonslaveholding whites and even sold products to their enslavers. Did these pursuits represent a modicum of freedom in the interstices of slavery, or did they further shackle enslaved people by other means? Justene Hill Edwards illuminates the inner workings of the slaves’ economy and the strategies that enslaved people used to participate in the market. Focusing on South Carolina from the colonial period to the Civil War, she examines how the capitalist development of slavery influenced the economic lives of enslaved people. Hill Edwards demonstrates that as enslavers embraced increasingly capitalist principles, enslaved people slowly lost their economic autonomy. As slaveholders became more profit-oriented in the nineteenth century, they also sought to control enslaved people’s economic behavior and capture the gains. Despite enslaved people’s aptitude for enterprise, their market activities came to be one more part of the violent and exploitative regime that shaped their lives. Drawing on wide-ranging archival research to expand our understanding of racial capitalism, Unfree Markets shows the limits of the connection between economic activity and freedom.
Download or read book Banking in Crisis written by John D. Turner and published by Cambridge University Press. This book was released on 2014-07-10 with total page 267 pages. Available in PDF, EPUB and Kindle. Book excerpt: A full account of the rise and fall of British banking stability which sheds new light on why banking systems crash.
Download or read book Shadow Banking in China written by Andrew Sheng and published by John Wiley & Sons. This book was released on 2016-05-09 with total page 186 pages. Available in PDF, EPUB and Kindle. Book excerpt: An authoritative guide to the rise of Chinese shadow banking and its systemic implications Shadow Banking in China examines this rapidly growing sector in the Chinese economy, and what it means for your investments. Written by two world-class experts in Chinese banking, including the Chief Advisor to the China Banking Regulatory Commission and former Chairman of the Securities and Futures Commission in Hong Kong, this book is unique in providing true, first-hand perspectives from authorities within the world's largest economy. There is little widely-available information on China's shadow banking developments, and much of it is rife with disparate data, inaccuracies and overblown risks due to definitional and measurement differences. This book clears the confusion by supplying accurate information, on-the-ground context and invaluable national balance sheet analysis you won't find anywhere else. Shadow banking has grown to be a key source of credit in China, and a major component of the economy. This book serves as a primer for analysts and investors seeking real, useful information about the sector to better inform investment decisions. Discover what's driving the growth of shadow banking in China Learn the truth about both real and inflated risks Dig into popular rhetoric and clarify common misconceptions Access valuable data previously not published in English Despite shadow banking's critical influence on the Chinese economy, there have been very few official studies and even fewer books written on the subject. Understanding China's present-day economy and forecasting its future requires an in-depth understanding of shadow banking and its inter-relationship with the banking system and other sectors. Shadow Banking in China provides authoritative reference that will prove valuable to anyone with financial interests in China.
Download or read book Model Rebels written by Bruce Gilley and published by Univ of California Press. This book was released on 2001-02-18 with total page 246 pages. Available in PDF, EPUB and Kindle. Book excerpt: A portentous tale of rural rebellion unfolds in Bruce Gilley's moving chronicle of a village on the northern China plains during the post-1978 economic reform era. Gilley examines how Daqiu Village, led by Yu Zuomin, a charismatic Communist Party secretary and president of the local industrial conglomerate, became the richest village in China and a model for the rural reforms of the 1980s and early 1990s. A growing campaign of political resistance led to increasing tensions between the villagers and the Chinese state, and eventually, in an event that made headlines around the world, an armed confrontation between the village and higher authorities backed by paramilitary police brought Yu Zuomin and his village crashing down.
Download or read book Let Us Put Our Money Together written by Tim Todd and published by . This book was released on 2019-05-31 with total page 158 pages. Available in PDF, EPUB and Kindle. Book excerpt: Generally, books addressing the early history of African American banks have done so either within the larger construct of African American business history and economic development, or as a starting point to explore current issues related to financial services. Focused considerations of these early institutions and their founders have been relatively rare and somewhat scattered. This publication seeks to address this issue.
Download or read book The Color of Money written by Mehrsa Baradaran and published by Harvard University Press. This book was released on 2017-09-14 with total page 382 pages. Available in PDF, EPUB and Kindle. Book excerpt: “Read this book. It explains so much about the moment...Beautiful, heartbreaking work.” —Ta-Nehisi Coates “A deep accounting of how America got to a point where a median white family has 13 times more wealth than the median black family.” —The Atlantic “Extraordinary...Baradaran focuses on a part of the American story that’s often ignored: the way African Americans were locked out of the financial engines that create wealth in America.” —Ezra Klein When the Emancipation Proclamation was signed in 1863, the black community owned less than 1 percent of the total wealth in America. More than 150 years later, that number has barely budged. The Color of Money seeks to explain the stubborn persistence of this racial wealth gap by focusing on the generators of wealth in the black community: black banks. With the civil rights movement in full swing, President Nixon promoted “black capitalism,” a plan to support black banks and minority-owned businesses. But the catch-22 of black banking is that the very institutions needed to help communities escape the deep poverty caused by discrimination and segregation inevitably became victims of that same poverty. In this timely and eye-opening account, Baradaran challenges the long-standing belief that black communities could ever really hope to accumulate wealth in a segregated economy. “Black capitalism has not improved the economic lives of black people, and Baradaran deftly explains the reasons why.” —Los Angeles Review of Books “A must read for anyone interested in closing America’s racial wealth gap.” —Black Perspectives
Download or read book Daughter of the Boycott written by Karen Gray Houston and published by Chicago Review Press. This book was released on 2020-05-05 with total page 252 pages. Available in PDF, EPUB and Kindle. Book excerpt: In 1950, before Montgomery, Alabama, knew Martin Luther King Jr., before Rosa Parks refused to surrender her seat to a white passenger, before the city's famous bus boycott, a Negro man named Hilliard Brooks was shot and killed by a white police officer in a confrontation after he tried to board a city bus. Thomas Gray, who had played football with Hilliard when they were kids, was outraged by the unjustifiable shooting. Gray protested, eventually staging a major downtown march to register voters, and standing up to police brutality. Five years later, he led another protest, this time against unjust treatment on the city's segregated buses. On the front lines of what became the Montgomery bus boycott, Gray withstood threats and bombings alongside his brother, Fred D. Gray, the young lawyer who represented Martin Luther King Jr., Rosa Parks, and the rarely mentioned Claudette Colvin, a plaintiff in the case that forced Alabama to desegregate its buses. An incredible story of family in the pivotal years of the civil rights movement, Daughter of the Boycott is the reflection of Thomas Gray's daughter, award-winning broadcast journalist Karen Gray Houston, on how her father's and uncle's selfless actions changed the nation's racial climate and opened doors for her and countless other African Americans.
Download or read book Savings and Trust The Rise and Betrayal of the Freedman s Bank written by Justene Hill Edwards and published by W. W. Norton & Company. This book was released on 2024-10-22 with total page 242 pages. Available in PDF, EPUB and Kindle. Book excerpt: A leading historian exposes how the rise and tragic failure of the Freedman’s Bank has shaped economic inequality in America. 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 page-turning 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 necessary reading for those seeking to understand the roots of racial economic inequality in America.
Download or read book Just Pursuit written by Laura Coates and published by Simon and Schuster. This book was released on 2022-01-18 with total page 272 pages. Available in PDF, EPUB and Kindle. Book excerpt: "A ... true story and ... account of bias in the courtroom from CNN senior legal analyst Laura Coates, recounting her time as a Black female prosecutor for the US Department of Justice"--
Download or read book Food Power written by Bryan L. McDonald and published by Oxford University Press. This book was released on 2017 with total page 265 pages. Available in PDF, EPUB and Kindle. Book excerpt: Food Power brings together the history of food, agriculture, and foreign policy to explore the use of food to promote American national security and national interests during the first three decades of the Cold War.
Download or read book Variation and Fixity in Nature written by Frank L. Marsh and published by Wipf and Stock Publishers. This book was released on 2004-06-04 with total page 151 pages. Available in PDF, EPUB and Kindle. Book excerpt: In nature we observe both diversity and discontinuity among all plants and animals. Living things cannot be arranged in a continuous, unbroken series from simple to complex, nor can one variant be traced through a continuous series to a markedly different variant. What do these two phenomena - diversity and discontinuity - say to us about the origin and meaning of living things? How do the observable facts fit in with the various theories of origins? What are the strengths and weaknesses of each? These questions and more are addressed in this major contribution to the literature on creation and evolution.
Download or read book The Freedmen s Savings Bank written by Walter Lynwood Fleming and published by . This book was released on 1927 with total page 192 pages. Available in PDF, EPUB and Kindle. Book excerpt: About Freedmen's Savings and Trust Company in Washington, D.C.
Download or read book The Company written by Stephen Bown and published by Anchor Canada. This book was released on 2021-10-26 with total page 505 pages. Available in PDF, EPUB and Kindle. Book excerpt: NATIONAL BESTSELLER A thrilling new telling of the story of modern Canada's origins. The story of the Hudson's Bay Company, dramatic and adventurous and complex, is the story of modern Canada's creation. And yet it hasn't been told in a book for over thirty years, and never in such depth and vivid detail as in Stephen R. Bown's exciting new telling. The Company started out small in 1670, trading practical manufactured goods for furs with the Indigenous inhabitants of inland subarctic Canada. Controlled by a handful of English aristocrats, it expanded into a powerful political force that ruled the lives of many thousands of people--from the lowlands south and west of Hudson Bay, to the tundra, the great plains, the Rocky Mountains and the Pacific northwest. It transformed the culture and economy of many Indigenous groups and ended up as the most important political and economic force in northern and western North America. When the Company was faced with competition from French traders in the 1780s, the result was a bloody corporate battle, the coming of Governor George Simpson--one of the greatest villains in Canadian history--and the Company assuming political control and ruthless dominance. By the time its monopoly was rescinded after two hundred years, the Hudson's Bay Company had reworked the entire northern North American world. Stephen R. Bown has a scholar's profound knowledge and understanding of the Company's history, but wears his learning lightly in a narrative as compelling, and rich in well-drawn characters, as a page-turning novel.
Download or read book Making Meaning in Indian Cinema written by Ravi Vasudevan and published by Oxford University Press, USA. This book was released on 2000 with total page 336 pages. Available in PDF, EPUB and Kindle. Book excerpt: Contributed seminar papers.
