OppressionJune 29, 1874
The Freedman's Savings Bank collapses
Mismanagement and speculative loans destroy the bank; some 61,000 Black depositors lose most of nearly $3 million in savings.
The web
Connections to other moments, systems, and investigations — the links rarely drawn together.
- part of·ThreadGreed — The Root
Speculative loans by white trustees wiped out the hard-won savings of freedpeople.