Articles

Wealth and Health Disparities

Author Q&A: How the impact of a post-Civil War bank failure lingers today

Kerry Hannon, Senior Columnist, Yahoo Finance
|
June 25, 2024

What does a bank failure in 1874 have to do with the racial wealth gap in America in 2024?

Turns out, a lot.

View full article

Authored By Rodney A. Brooks


TRAFOTFBThe author tells the history of the Freedman’s Savings Bank, how it grew much too quickly, why it failed and the impact on Black America. The Freedman’s Bank offered a safe depository for formerly enslaved people, expanded quickly and gained millions in deposits – mostly ranging from $5 to $50. But inexperience and corruption doomed it to failure, costing may of the small depositors their savings.

Click the button below to purchase your copy.

 

Opportunities to Meet the Author & Book Signings
 
NABJ Author’s Showcase
Thursday, August 1, 2024 at 11:00 a.m.

National Association of Black Journalists Convention
Hilton Chicago
720 S Michigan Avenue
Chicago, IL 60605

 

 

NABJ

FRWG

“Rodney A. Brooks’ ‘Fixing the Racial Wealth Gap’ is one of the best written and most prescriptive books I’ve read on this prickly subject. Using powerful stats, stories and insightful wisdom, it is written from the heart, mind, body and spirit … plus years of research and thought as a mainstream journalist, Fixing the Racial Wealth Gap is revealing, humorous, instructive and sobering.” – Dr. George C. Fraser

Click the button below to purchase your copy.


Download Press Kit