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Film, Video Failure of the Freedman's Bank: Freedom, Finance and Security in 19th Century American Capitalism

About this Item

Title

  • Failure of the Freedman's Bank: Freedom, Finance and Security in 19th Century American Capitalism

Summary

  • In 1865, Congress chartered the non-profit "Freedman's Savings and Trust Company," a savings bank designed for a population of four million newly emancipated American slaves. By 1873, it had received a staggering $50,000,000 in deposits. But the banking house Jay Cooke & Co. was charged with investing the freedpeople's savings, and when Jay Cooke & Co. failed during the panic of 1873, so did the Freedman's Bank. Liberated from their former masters, the freedpeople had very suddenly come face to face with the frenzied finance of the Gilded Age.

Names

  • Library of Congress
  • John W. Kluge Center (Library of Congress), sponsoring body

Created / Published

  • Washington, D.C. : Library of Congress, 2010-05-26.

Headings

  • -  African American History
  • -  Biography, History

Notes

  • -  Classification: History: America.
  • -  Jonathan Levy.
  • -  Recorded on 2010-05-26.
  • -  Kids, Families.
  • -  Researchers.

Medium

  • 1 online resource

Digital Id

Library of Congress Control Number

  • 2021688477

Online Format

  • video
  • image

Additional Metadata Formats

Rights & Access

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Credit Line: Library of Congress

Cite This Item

Citations are generated automatically from bibliographic data as a convenience, and may not be complete or accurate.

Chicago citation style:

Library Of Congress, and Sponsoring Body John W. Kluge Center. Failure of the Freedman's Bank: Freedom, Finance and Security in 19th Century American Capitalism. Washington, D.C.: Library of Congress, -05-26, 2010. Video. https://www.loc.gov/item/2021688477/.

APA citation style:

Library Of Congress & John W. Kluge Center, S. B. (2010) Failure of the Freedman's Bank: Freedom, Finance and Security in 19th Century American Capitalism. Washington, D.C.: Library of Congress, -05-26. [Video] Retrieved from the Library of Congress, https://www.loc.gov/item/2021688477/.

MLA citation style:

Library Of Congress, and Sponsoring Body John W. Kluge Center. Failure of the Freedman's Bank: Freedom, Finance and Security in 19th Century American Capitalism. Washington, D.C.: Library of Congress, -05-26, 2010. Video. Retrieved from the Library of Congress, <www.loc.gov/item/2021688477/>.