Treasury Department

@USTreasury ↗

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Last Checked April 6, 2021

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Wed Mar 03 20:47:37 +0000 2021

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Treasury Department @USTreasury

March 3, 1865-- President Lincoln established the Bank for newly freed slaves & Black veterans of the Civil War. Deposits were as little as $1, but for many it was all they had. The bank eventually came to inhabit a well-appointed building on Pennsylvania Avenue. https://t.co/256Nj6KDsa — PolitiTweet.org

Posted March 3, 2021

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Treasury Department @USTreasury

Economists have no shortage of bank failings & financial crises to study, but today it’s worth remembering the story of the Freedman’s Savings an d Trust Company – otherwise known as the Freedmen’s Bank. Today marks the 156th legacy anniversary of the Bank. Thread -- https://t.co/kIIqo9zcpd — PolitiTweet.org

Posted March 3, 2021

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Treasury Department @USTreasury

Today, the site is home of the Treasury Dept. Annex, the Freedman's Bank Building. Despite its magnificent stonework & good intentions, by 1874, the Bank’s finances were a shambles – in large part due to poor oversight by a Congress that had waning interest in Reconstruction. — PolitiTweet.org

Posted March 3, 2021