ACLS Mellon Fellow Jonathan Levy discusses the failure of the Freedman Savings and Trust Company at the Library of Congress: In 1865, Congress chartered the non-profit "Freedman's Savings and Trust Company," a savings bank designed for a population of four million newly emancipated American slaves. By 1873, it had received a staggering $50,000,000 in deposits. … Continue reading WEB: Levy on Failure of the Freedman’s Bank and the Gilded Age (LOC Webcast)