What does the story of the Binga Bank tell us about blacks during the Great Depression?

Question

Quizplus · Accepted Answer

The story of the Binga Bank tells us that some blacks were financially ruined through their attempts to help their community and other blacks. Jesse Binga was a successful black entrepreneur who opened a bank to serve the black community in Chicago during the Great Depression. However, the bank's loans to other black businesses and individuals led to financial losses, and ultimately the bank's failure, causing devastating consequences for Binga and his family.

What Does the Story of the Binga Bank Tell Us