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Black Women in Finance Before The New Deal: A Historical Exploration

Isaias Blair

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Published in Banking On Freedom: Black Women In U S Finance Before The New Deal (Columbia Studies In The History Of U S Capitalism)

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Banking on Freedom: Black Women in U.S. Finance Before the New Deal (Columbia Studies in the History of U.S. Capitalism)

by Shennette Garrett-Scott

4.8 out of 5

Language	:	English
File size	:	20539 KB
Text-to-Speech	:	Enabled
Screen Reader	:	Supported
Enhanced typesetting	:	Enabled
Word Wise	:	Enabled
Print length	:	280 pages

Black Women Working In Finance Before The New Deal Banking On Freedom: Black Women In U S Finance Before The New Deal (Columbia Studies In The History Of U S Capitalism)

Black women have a long and rich history in the financial world, dating back to the early days of the United States. Despite facing significant barriers due to racism and sexism, they have made important contributions to the development of the financial industry.

This book tells the stories of some of these remarkable women. It is a fascinating and inspiring account of their resilience, determination, and impact on the history of finance. From Eunice P. Shadd, who was the first African American woman to work in a bank, to Maggie Lena Walker, who founded the St. Luke Penny Savings Bank, these women defied the odds and made their mark on the financial world.

The Importance of Black Women in Finance

Black women have always played an important role in the financial lives of their families and communities. They have been involved in all aspects of finance, from managing household budgets to starting their own businesses. In the early days of the United States, Black women were often the only source of financial support for their families.

As the economy grew and changed, Black women continued to find ways to contribute to the financial world. They worked as accountants, bookkeepers, and bank tellers. They started their own businesses, including banks, insurance companies, and real estate companies. They also played a leading role in the development of the credit union movement.

The Challenges Faced by Black Women in Finance

Black women have faced significant challenges throughout their history in the financial world. They have been discriminated against because of their race and gender. They have been denied access to capital and resources. They have been paid less than their white male counterparts for the same work.

Despite these challenges, Black women have persevered. They have fought for their rights and demanded a place at the table. They have mentored and supported each other. They have built successful businesses and organizations. They have made a lasting impact on the financial world.

The Future of Black Women in Finance

The future of Black women in finance is bright. They are increasingly entering the financial workforce and starting their own businesses. They are also making their way into leadership positions. As the financial world continues to change, Black women are well-positioned to make a significant contribution to its future.

This book is a testament to the strength, resilience, and determination of Black women in finance. It is a valuable resource for anyone interested in the history of finance, women's history, or African American history.