Speaker discusses economic history and modern societal impacts (Part 2)

It was a Treasury annex building. It's now called the Freedmen's Bank Building across from the U.S. treasury Department, next to my friend Michael Milken's center for the Advancement of the American Dream, the Milken center for the Advancement of the American Dream, where I just spoke on this book recently. And these two buildings, the Freedmen's bank and mcad, are connected to each other. I'm sorry, it's a billion dollar investment. Six buildings that Michael Milken put together. Michael Milken is also forward for my book Capitalism for All. Go see this. It's really inspiring. And my story's in there. Operation Hope Story is in there is a permanent exhibit, by the way, and there's some other exciting announcements tied to that coming up soon. But anyway, the Freedmen's bank was charted in 1865 and closed in 1874. It actually closed in 1874 on the date night of the evening of the opening of MCAD. About 100 years later. Actually more than 100 years later. 150 years later almost. And, and so you just can't make this up. You know, coincidence is God's way of remaining anonymous. And I think that Operation Hope Inside is trying to continue the unfinished work of the Freedmen's bank, but that's another topic for another day. So this example shows how access to financial institutions without adequate safeguards can devastate trust, which is what happened when the bank was co opted and defrauded by its overseers, who, by the way, did not look like the people it was designed to help. Another story for another day. The New Deal, which actually was designed to help poor whites and struggling immigrants, by the way, 20% of our GDP in this country, again, it's in the book capitalism for all 20%. Just about that 18% of change come from immigrants, right? Immigrants that we keep, some of us keep demonizing. But that's really one of the primary driving economic drivers of growth in this country. You know, 20% of this economy is immigrants and a third of the economy are women, by the way, blacks and Latinos are about six and a half trillion of a $30 trillion economy. So six and a half trillion, that's, you know, another 20% of America's GDP, give or take. It's a big number. So you can't make an economy bigger by making its occupants and participants smaller. It's just simple math, as I keep saying. So then you had the New Deal in Poland.