The Freedman’s Bank

After Union victory in the Civil War, the government opened the Freedman’s Bank to provide a safe place for newly-freed 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. Then, in 1873, there was a depression. Narrated by Dr. Henry Louis Gates, with Hasan Jeffries and Vincent Brown, from Black History in 2 Minutes (Or So).


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