HomeLifestyleHuman InterestSomething you may not have known: The Penny Savings Bank

Something you may not have known: The Penny Savings Bank

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Despite millions in state and federal Housing and Urban Development dollars, the area of Laney Walker Boulevard remains one of the most depressed areas of the city; however, at the turn of the 20th Century, the area thrived and was known as the “Golden Blocks.”

For almost two decades, The Penny ...

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3 COMMENTS

  1. “The workers simply traded back-breaking work under a broiling sun for an even longer workday toiling in the bowels of steel smelting factories.” This makes it sound like a zero-sum game. The difference was that they were paid and could quit the steel mill or coal mine if they found a better job, just like their Irish, Italian, Hungarian, German, and Polish coworkers. In the early 1900’s, 71% of steelworkers earned $2.50 or less per day and about 23 per cent earned between $2.51 to $5.00 per day. Few people had fun at work and none came to work in pajamas. https://archive.org/details/steelworkers00fitcrich/page/n9/mode/2up?view=theater

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