University of Georgia: New data traces rise, fall of the Freedman’s Bank

University of Georgia: New data traces rise, fall of the Freedman’s Bank. “In 1865, the U.S. government established the Freedman’s Savings and Trust Co. in to help newly emancipated communities gain a financial footing. With 37 branches across the South and in New York, the bank initially flourished and grew to include more than 100,000 customers. But it collapsed in June 1874 after the Financial Panic of 1873. Some of the Freedman’s Bank records have been lost to time, but many still exist. [Professor Malcom] Wardlaw and his Ph.D. student, Virginia Traweek, found the archived records and decided to analyze the data to see what they could discover about African American communities after the Civil War.”

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