The Freedmen's Savings Bank

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Monograph

Identifikator:: 175265076X

URN:: urn:nbn:de:zbw-retromon-129631

Document type:: Monograph

Author:: Fleming, Walter Lynwood http://d-nb.info/gnd/120660560X

Title:: The Freedmen's Savings Bank

Place of publication:: Chapel Hill

Publisher:: Univ. of North Carolina Press

Year of publication:: 1927

Scope:: x, 170 S.

Digitisation:: 2021

Collection:: Economics Books

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Chapter

Document type:: Monograph

Structure type:: Chapter

Title:: Chapter I. The negro at the close of the Civil War

Collection:: Economics Books

THE NEGRO AT THE CLOSE OF THE CIVIL WAR 13 ployer or manager. The prospects, therefore, seemed good for the northern man who had some capital. But nearly all ventures by the northerners were unsuccessful for numerous reasons. The newcomers were ignorant of plant- ing methods; their trust in the Negro was some- times reckless and caused them to lose heavily; frequently they endeavored to exact more effi- cient work than the Negro could give and thus gained the dislike of the latter; and after a year or two politics became such a disturbing factor that crops were neglected. The failure of the northern planters made northern capital more unfriendly, the southern planters gradually went to ruin, and the resulting depression injured the Negro. THE FREEDMEN’S BUREAU During the fall and winter of 1865-1866 nearly all of the southern legislatures enacted laws later known as the “Black Codes” which were de- signed to check the roving and thieving propen- sities of the Negroes and to hold them to work and to a settled abode. This legislation so strengthened the already existing northern dis- trust of the southern whites that, by means of the Freedmen’s Bureau and the military forces, the Negroes were removed entirely from local legal control, and the southerners were pre- vented from directing their economic progress. The irritation and disagreement resulting caused severe disturbance of economic conditions. The Freedmen’s Bureau, created in 1865 by a Congress distrustful of the southern master

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