March 15, 2025

Freedman's Savings Bank

Finance

How the impact of a post-Civil War bank failure lingers today

What does a bank failure in 1874 have to do with the racial wealth gap in America in 2024? Turns out, a lot. In his new book, “The Rise and Fall of The Freedman’s Savings Bank And its Lasting Socio-Economic Impact on Black America,” author Rodney Brooks, former deputy managing editor at USA Today, unpacks

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