Turning nickels into dollars: Maggie Walker and the consolidated bank and trust company
By: Trinkaus, John.
Contributor(s): Puryear, Alvin.
Material type:
ArticlePublisher: 1997Description: p.479-95.Subject(s): Financial institutions - United States | Banks - United States | Banks
In:
International Journal of Public AdministrationSummary: While many are familiar with the history of banking in the United States, relatively few know of its development in the African American community. Following the failure of the Freedman's Bank, shortly after its inception at the close of the Civil War, many African American fraternal organizations expanded their scope of interests to try to fill the void. The intent was to continue to provide the financial base needed to support the growth of a capitalist - employer class. It was envisioned that from such a footing would stem the acquisition of social respectability and economic independence. One of the leaders in this effort was Maggie Walker, the first African American women bank president. - Reproduced
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Indian Institute of Public Administration | Volume no: 20, Issue no: 2 | Available | AR34509 |
While many are familiar with the history of banking in the United States, relatively few know of its development in the African American community. Following the failure of the Freedman's Bank, shortly after its inception at the close of the Civil War, many African American fraternal organizations expanded their scope of interests to try to fill the void. The intent was to continue to provide the financial base needed to support the growth of a capitalist - employer class. It was envisioned that from such a footing would stem the acquisition of social respectability and economic independence. One of the leaders in this effort was Maggie Walker, the first African American women bank president. - Reproduced
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