|
Freedman’s Bank
The Freedman's Saving and Trust Company, known as the Freedman's Savings Bank, was a private savings bank chartered by the U.S. Congress on March 3, 1865, to collect deposits from the newly emancipated communities. The bank opened 37 branches across 17 states and Washington DC within 7 years and collected funds from over 67,000 depositors. At the height of its success, the Freedman's Savings Bank held assets worth more than $3.7 million in 1872 dollars, which translates to approximately $80 million in 2021. However, the rapid development of the bank was largely driven by false claims and was coupled with mismanagement and fraud. The bank failed in 1874, weighed down by speculative loans issued by the bank's white officials throughout its existence. Historians believe that the bank's failure not only destroyed the savings of many African Americans, but also their trust in financial institutions. The site where the bank's headquarters once stood was later occupied by the Treasury A ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Nathaniel P
Nathaniel is an English variant of the biblical Hebrew name Nathanael. It can be a given or surname. People with the name Nathaniel Given name * Nathaniel Archibald (1952–2018), American basketball player * Nate Archibald (born 1948), American basketball player * Nathaniel Ayers (born 1951), American musician who is the subject of the 2009 film '' The Soloist'' * Nathaniel Bacon (1647–1676), Virginia colonist who instigated Bacon's Rebellion * Nathaniel P. Banks (1816–1894), American politician and American Civil War General * Nat Bates (born 1931), two-term mayor of Richmond, California * Nathaniel Bowditch (1773–1838), American mathematician, father of modern maritime navigation * Nathaniel Buzolic (born 1983), Australian actor * Nathaniel Chalobah (born 1994), English footballer * Nathaniel Clayton (1833–1895), British politician * Nat King Cole (1919–1965), American singer and musician * Nathaniel Clyne (born 1991), English footballer * Nathaniel W. De ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Banks Established In 1865
A bank is a financial institution that accepts deposits from the public and creates a demand deposit while simultaneously making loans. Lending activities can be directly performed by the bank or indirectly through capital markets. As banks play an important role in financial stability and the economy of a country, most jurisdictions exercise a high degree of regulation over banks. Most countries have institutionalized a system known as fractional-reserve banking, under which banks hold liquid assets equal to only a portion of their current liabilities. In addition to other regulations intended to ensure liquidity, banks are generally subject to minimum capital requirements based on an international set of capital standards, the Basel Accords. Banking in its modern sense evolved in the fourteenth century in the prosperous cities of Renaissance Italy but, in many ways, functioned as a continuation of ideas and concepts of credit and lending that had their roots in the ancie ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
American Freedmen
American(s) may refer to: * American, something of, from, or related to the United States of America, commonly known as the "United States" or "America" ** Americans, citizens and nationals of the United States of America ** American ancestry, people who self-identify their ancestry as "American" ** American English, the set of varieties of the English language native to the United States ** Native Americans in the United States, indigenous peoples of the United States * American, something of, from, or related to the Americas, also known as "America" ** Indigenous peoples of the Americas * American (word), for analysis and history of the meanings in various contexts Organizations * American Airlines, U.S.-based airline headquartered in Fort Worth, Texas * American Athletic Conference, an American college athletic conference * American Recordings (record label), a record label that was previously known as Def American * American University, in Washington, D.C. Sports teams S ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
African-American History Of Washington, D
African Americans, also known as Black Americans and formerly also called Afro-Americans, are an American racial and ethnic group that consists of Americans who have total or partial ancestry from any of the Black racial groups of Africa. African Americans constitute the second largest ethno-racial group in the U.S. after White Americans. The term "African American" generally denotes descendants of Africans enslaved in the United States. In 2023, an estimated 48.3 million people self-identified as Black, making up 14.4% of the country’s population. This marks a 33% increase since 2000, when there were 36.2 million Black people living in the U.S. African-American history began in the 16th century, with Africans being sold to European slave traders and transported across the Atlantic to the Western Hemisphere. They were sold as slaves to European colonists and put to work on plantations, particularly in the southern colonies. A few were able to achieve freedom through ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
The Church Of Jesus Christ Of Latter-day Saints
The Church of Jesus Christ of Latter-day Saints, informally known as the LDS Church or Mormon Church, is a Nontrinitarianism, nontrinitarian Restorationism, restorationist Christianity, Christian Christian denomination, denomination and the largest List of denominations in the Latter Day Saint movement, denomination in the Latter Day Saint movement. Founded during the Second Great Awakening, the church is headquartered in Salt Lake City, Utah, and has established congregations and built Temple (LDS Church), temples worldwide. According to the church, , it has over 17.5 million The Church of Jesus Christ of Latter-day Saints membership statistics, members, of which Membership statistics of the Church of Jesus Christ of Latter-day Saints (United States), over 6.8 million live in the U.S. The church also reports over 109,000 Missionary (LDS Church), volunteer missionaries and 202 dedicated List of temples of the Church of Jesus Christ of Latter-day Saints, temples. Th ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Walter L
Walter may refer to: People and fictional characters * Walter (name), including a list of people and fictional and mythical characters with the given name or surname * Little Walter, American blues harmonica player Marion Walter Jacobs (1930–1968) * Gunther (wrestler), Austrian professional wrestler and trainer Walter Hahn (born 1987), who previously wrestled as "Walter" * Walter, standard author abbreviation for Thomas Walter (botanist) ( – 1789) * "Agent Walter", an early codename of Josip Broz Tito * Walter, pseudonym of the anonymous writer of '' My Secret Life'' * Walter Plinge, British theatre pseudonym used when the original actor's name is unknown or not wished to be included * John Walter (businessman), Canadian business entrepreneur Companies * American Chocolate, later called Walter, an American automobile manufactured from 1902 to 1906 * Walter Energy, a metallurgical coal producer for the global steel industry * Walter Aircraft Engines, Czech manufacturer of aero ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Frederick Douglass
Frederick Douglass (born Frederick Augustus Washington Bailey, February 14, 1818 – February 20, 1895) was an American social reformer, Abolitionism in the United States, abolitionist, orator, writer, and statesman. He was the most important leader of the movement for African-American Civil rights movement (1865–1896), civil rights in the 19th century. After escaping from slavery in Maryland in 1838, Douglass became a national leader of the Abolitionism in the United States, abolitionist movement in Massachusetts and New York (state), New York and gained fame for his oratory and incisive antislavery writings. Accordingly, he was described by abolitionists in his time as a living counterexample to claims by supporters of slavery that enslaved people lacked the intellectual capacity to function as independent American citizens. Northern United States, Northerners at the time found it hard to believe that such a great orator had once been enslaved. It was in response to th ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Panic Of 1873
The Panic of 1873 was a financial crisis that triggered an economic depression in Europe and North America that lasted from 1873 to 1877 or 1879 in France and in Britain. In Britain, the Panic started two decades of stagnation known as the "Long Depression" that weakened the country's economic leadership. In the United States, the Panic was known as the "Great Depression" until the events of 1929 and the early 1930s set a new standard. The Panic of 1873 and the subsequent depression had several underlying causes for which economic historians debate the relative importance. American inflation, rampant speculative investments (overwhelmingly in railroads), the demonetization of silver in Germany and the United States, ripples from economic dislocation in Europe resulting from the Franco-Prussian War (1870–1871), and major property losses in the Great Chicago Fire (1871) and the Great Boston Fire (1872) helped to place massive strain on bank reserves, which, in New York ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
