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

Something you may not have known: The Penny Savings Bank



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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  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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