The $1.3 Billion Scam The US Government Tried To Erase

How The U.S Government Stole $1.3 Billion From Black People Did you know Black Americans were robbed of $1.3 billion of today’s dollars right after slavery? At a time when people were saying that ex-slaves couldn’t make it on their own, the Freedman’s Bank was built to prove the opposite. In 1865, Congress set up what was thought to be a Black-owned bank to help newly freed Black Americans. It was supposed to assist ex-slaves in becoming financially responsible, safely storing their money, and creating savings to support the future generation. But, it turned out to be one of the biggest scams in history. While it was initially successful, the bank failed because of mismanagement and fraud. When the bank collapsed, it owed almost $3 million to over 61,000 depositors. It was basically the cornerstone of the racial wealth gap we see today. Here is the true story of Freedman’s Bank. -------------------------------------------- 🧠 Unlocked Minds Bundle: The O