the Freedmen's Savings Bank
GPTKB entity
Statements (46)
| Predicate | Object |
|---|---|
| gptkbp:instanceOf |
bank
|
| gptkbp:associated_with |
Reconstruction Era
|
| gptkbp:challenges |
Great Depression
|
| gptkbp:community_impact |
economic empowerment
|
| gptkbp:cultural_significance |
inspiration for future generations
symbol of hope part_of_African_American_history example_of_African_American_entrepreneurship |
| gptkbp:dissolved |
1874
|
| gptkbp:established |
gptkb:U.S._Congress
|
| gptkbp:financials |
investment opportunities
loans savings accounts promoted savings habits taught money management |
| gptkbp:founded |
1865
|
| gptkbp:headquarters |
gptkb:Washington,_D.C.
|
| gptkbp:historical_significance |
first_national_bank_for_African_Americans
|
| gptkbp:historicalContext |
gptkb:post-Civil_War_America
|
| https://www.w3.org/2000/01/rdf-schema#label |
the Freedmen's Savings Bank
|
| gptkbp:impact |
set precedent for future banks
financial_literacy_among_African_Americans |
| gptkbp:legacy |
influence_on_future_African_American_banks
|
| gptkbp:location |
gptkb:United_States
|
| gptkbp:notable_event |
failure of the bank
opening of branches |
| gptkbp:notableFigures |
gptkb:Charles_Sumner
gptkb:William_H._Seward gptkb:John_A._J._Creswell Thaddeus Stevens |
| gptkbp:notablePerson |
gptkb:Frederick_Douglass
|
| gptkbp:opened |
1874
|
| gptkbp:openedIn |
bankruptcy
|
| gptkbp:operates_in |
U.S._federal_charter
|
| gptkbp:partnerships |
local churches
community organizations |
| gptkbp:party |
gptkb:U.S._Treasury_Department
|
| gptkbp:public_perception |
initially positive
later negative |
| gptkbp:purpose |
to provide financial services to freed slaves
|
| gptkbp:reservoir |
over $57 million
|
| gptkbp:skills |
mismanagement
|
| gptkbp:successor |
gptkb:Freedman's_Bank
|
| gptkbp:target_audience |
freedmen and their families
|
| gptkbp:type |
savings bank
|
| gptkbp:userCountries |
approximately 70,000
|