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NO BACK DOORS FOR THE BLACKS BROKE OR POOR


Although integrating the nation's schools was the first priority of the civil rights movement, the denial of equal access to public accommodations affected all blacks, not just students. Blacks could not use restaurants, bathrooms, water fountains, public parks, beaches, or swimming pools used by whites. They had to use separate entrances to doctor's offices and sit in separate waiting rooms. They could only sit in the balcony or in other designated areas of theaters. They had to ride at the back of streetcars and buses.


There was ironically one place that didn't have back doors for Blacks and the poor called the local banks but Black people of the 19th and 20th century didn't have the money to deposit into the bank vaults anyways and if they did there were cases of black people and soldiers being swindled, which was quite common.

“This bank is just what the freedmen need,” remarked President Abraham Lincoln on March 3, 1865, as he signed the Freedman’s Bank Act, authorizing the organization of a national bank for recently emancipated black Americans.

A little more than a month later he was killed, making the Freedman’s Bank Lincoln’s last act of emancipation.

His assassination, however, did not impede its rapid growth. By January 1874, less than ten years after the establishment of the Freedman’s Bank, deposits at its 34 branches across the United States totaled US$3,299,201 ($65,200,000 in current dollars). Despite such successful expansion, the Freedman’s Bank closed on June 28, 1874 under a shroud of suspicion and accusation.


Being this was all so true that the local banks didn't have a back door for negroes/ Blacks and it was not because they were against racism but suspicious of bank robberies from the back doors. But what little money Blacks had they didn't need a back door but a tin can and a safe place to stow their money because not all Negroes/ Blacks lived in New York City, Atlanta, Memphis, Philadelphia and Washington DC where there were Black owned banks. From the 1930s when Black people wanted to own homes they went through the front doors of Jewish organizations who were the only ones to issue them loans. And from that point Black people would only bank at Jewish owned banks. Now times have changed Black-owned banks in the U.S. were once a financial haven for African-Americans at a time when discrimination in the industry was common. Today, all banks function as engines for economic revitalization in often-distressed communities but have included redlining to serve their own interest.