History of Freedman's Savings and Trust Company in Washington, D.C.

A leading historian exposes how the rise and tragic failure of the Freedman’s Bank has shaped economic inequality in America. In the years immediately after the Civil War, tens of thousands of former slaves deposited millions of dollars into the Freedman’s Bank. African Americans envisioned this new bank as a launching pad for economic growth and self-determination. But only nine years after it opened, their trust was betrayed and the Freedman’s Bank collapsed. Fully informed by new archival findings, historian Justene Hill Edwards unearths a major turning point in American history in this comprehensive account of the Freedman’s Bank and its depositors. She illuminates the hope with which the bank was first envisioned and demonstrates the significant setback that the sabotage of the bank caused in the fight for economic autonomy. Hill Edwards argues for a new interpretation of its tragic failure: the bank’s white financiers drove the bank into the ground, not Fredrick Douglass, its final president, or its Black depositors and cashiers. A page-turning story filled with both well-known figures like Abraham Lincoln, Frederick Douglass, Jay and Henry Cooke, and General O. O. Howard, and less well-known figures like Dr. Charles B. Purvis, John Mercer Langston, Congressman Robert Smalls, and Ellen Baptiste Lubin. Savings and Trust is necessary reading for those seeking to understand the roots of racial economic inequality in America.

Until the early nineteenth century, “risk” was a specialized term: it was the commodity exchanged in a marine insurance contract. Freaks of Fortune tells the story of how the modern concept of risk emerged in the United States. Born on the high seas, risk migrated inland and became essential to the financial management of an inherently uncertain capitalist future. Focusing on the hopes and anxieties of ordinary people, Jonathan Levy shows how risk developed through the extraordinary growth of new financial institutions—insurance corporations, savings banks, mortgage-backed securities markets, commodities futures markets, and securities markets—while posing inescapable moral questions. For at the heart of risk’s rise was a new vision of freedom. To be a free individual, whether an emancipated slave, a plains farmer, or a Wall Street financier, was to take, assume, and manage one’s own personal risk. Yet this often meant offloading that same risk onto a series of new financial institutions, which together have only recently acquired the name “financial services industry.” Levy traces the fate of a new vision of personal freedom, as it unfolded in the new economic reality created by the American financial system. Amid the nineteenth-century’s waning faith in God’s providence, Americans increasingly confronted unanticipated challenges to their independence and security in the boom and bust chance-world of capitalism. Freaks of Fortune is one of the first books to excavate the historical origins of our own financialized times and risk-defined lives.

In Reconstruction in the Cane Fields, John C. Rodrigue examines emancipation and the difficult transition from slavery to free labor in one enclave of the South -- the cane sugar region of southern Louisiana. In contrast to the various forms of sharecropping and tenancy that replaced slavery in the cotton South, wage labor dominated the sugar industry. Rodrigue demonstrates that the special geographical and environmental requirements of sugar production in Louisiana shaped the new labor arrangements. Ultimately, he argues, the particular demands of Louisiana sugar production accorded freedmen formidable bargaining power in the contest with planters over free labor. Rodrigue addresses many issues pivotal to all post-emancipation societies: How would labor be reorganized following slavery's demise? Who would wield decision-making power on the plantation? How were former slaves to secure the fruits of their own labor? He finds that while freedmen's working and living conditions in the postbellum sugar industry resembled the prewar status quo, they did not reflect a continuation of the powerlessness of slavery. Instead, freedmen converted their skills and knowledge of sugar production, their awareness of how easily they could disrupt the sugar plantation routine, and their political empowerment during Radical Reconstruction into leverage that they used in disputes with planters over wages, hours, and labor conditions. Thus, sugar planters, far from being omnipotent overlords who dictated terms to workers, were forced to adjust to an emerging labor market as well as to black political power. The labor arrangements particular to postbellum sugar plantations not only propelled the freedmen's political mobilization during Radical Reconstruction, Rodrigue shows, but also helped to sustain black political power -- at least for a few years -- beyond Reconstruction's demise in 1877. By showing that freedmen, under the proper circumstances, were willing to consent to wage labor and to work routines that strongly resembled those of slavery, Reconstruction in the Cane Fields offers a profound interpretation of how former slaves defined freedom in slavery's immediate aftermath. It will prove essential reading for all students of southern, African American, agricultural, and labor history.

The only comprehensive bibliography on Reconstruction, this book provides the definitive guide to literature published from 1877 to 1998. In over 2,900 entries, the work covers a broad range of topics including politics, agriculture, labor, religion, education, race relations, law, family, gender studies, and local history. It encompasses the years of the Civil War through the conclusion of the 1876 election and the end of the federal government's official role in reforming the postwar South and protecting the rights of Black citizens. In detailed annotations, the book covers a range of literature from scholarly and popular studies to published memoirs, letters and documents, as well as reference sources and teaching tools. The issues of Reconstruction—civil rights, states' rights and federal-state relations, racism, nationalism, government aid to individuals—continue to be relevant today, and the literature on Reconstruction is large. This book provides a systematic and comprehensive bibliographic guide to that literature. It is organized by topics and geographical regions and states, thereby emphasizing the local diversity in the South. In addition to a variety of literature, it covers the relevant Supreme Court cases through 1883, provides full citations to federal acts and cases cited, and includes the texts of the 13th, 14th, and 15th Amendments to the Constitution. The book will be useful to scholars and students researching a wide range of topics in Southern history, constitutional history, and national politics in post Civil War United States.

An indispensable resource for understanding trends and issues in African American political organizing; the history of Black Liberation movements in the United States; and the fortitude, determination, reliance, beauty and influence of Black culture and community. The book begins with a suite of seven long-form essays on various aspects of Black political involvement and empowerment, including the importance of Black women in early labor organizing; campaigns defending Black voting rights against suppression and disenfranchisement; the Black Lives Matter movement; and the contributions and legacy of the nation's first Black president, Barack Obama. The encyclopedia itself contains approximately 200 authoritative entries on a wide assortment of topics related to African-American political activism and empowerment, including biographical profiles of key leaders and activists, political issues and topics of particular interest to African=American voters and lawmakers, important laws and court cases, influential organizations, and pivotal events in American culture that have influenced the trajectory of Black participation in the nation's political life.

"Revised 2003."/ Shipping list no. 2003-0143-P./ Includes bibliographical references.