this post was submitted on 07 May 2026
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[–] MyBrainHurts@piefed.ca 34 points 6 days ago (4 children)

https://femmefrugality.com/myth-busting-womens-banking/

It's a funny myth but not true. Women were doing their own banking in America as far back as the 1700sm I'm not super up on my Soviet space programs but I think that's a few years earlier.

[–] Evil_Shrubbery@thelemmy.club 27 points 6 days ago* (last edited 5 days ago) (1 children)

Just one random counter example: wiki/First Women's Bank (New York):

It opened in 1975 and was part of a broader movement to address the financial needs of women who faced barriers in obtaining credit and financial services from traditional banks.

There was enough of a need for this 50 years ago that it made literal capitalist financial interest to make it happen.

Financial freedom in a modern word can be privileged (but absolutely essential for actual survival) and groups (like women, ie half of humanity) can be denied the necessities. If a women needs a man's signature to get a loan, have a credit card, or even open a banking account, they are not free from that man. And that (one aspect) really changed only in the 80s (slowly & with newer gens).

Saying some women had bank amounts in the 1700s is like saying "land of the free" in reference to USA (at any point in history actually).
Or saying how racism in USA ended with a (any) specific law.

The "meme" is still funny in comparing a basic necessity for a majority vs bcs ofc not a notable % of any human groups have been to space (even including billionaires).

[–] wheezy@lemmy.ml 35 points 6 days ago* (last edited 6 days ago) (1 children)

Yes, and black Americans became fully equal citizens in 1868. /s

You can't judge history and civil rights off of the exceptions or the ideas written on paper. I'm sorry. Acting like this is what the meme is talking about is just denying centuries of patriarchy in America.

The article literally says

the Equal Credit Opportunity Act passed (1974), which, among other things, required banks to consider credit applications in a woman’s own name regardless of marital status

Gee, I wonder why a very specific act had to be passed to deal with this "non existent" issue that was solved in the 1700s. Gee. Weird.

Though, again, depending on where you lived, you may have already been protected from that discrimination by state law for deposit accounts in technicality if not practice.

Just an absolute garbage article you linked. Seriously. Reconsider your ability to think critically if you can't understand how much this article is trying to downplay patriarchy from this quote alone.

Women were still largely dependent on being married and dependent on their husband to have any form of banking well into the timeline the meme is referring to. That article is like saying "I couldn't find a law specific to race in the Jim Crow South related to voting".

I don't mean to overuse the analogy of racial discrimination. But I feel like people don't actually understand how discrimination and laws actually work in reality when it comes to patriarchy. So, I'm hoping you at least understand it for other historical contexts.

Laws aren't written to be "X identity group can't do Y". And trying to analyze the actual material outcomes by only looking for laws like that is going to give you the results the article you linked came to.

Laws of discrimination are written to be vague enough that the powers of white supremacy and patriarchy are allowed to be enacted at individual levels on mass scale - without directly writing them down.

Edit: this was originally just the /s comment. But holy shit that article they linked was so bad and ahistorical I couldn't stop editing. Seriously. Please learn to think about what you're reading. Don't just upvote a comment because they had a "source".

[–] Semjeza@fedinsfw.app 15 points 6 days ago (1 children)

It's a good link, busting the myth clearly and with good sources.

However:

1862: First state (California) allows women to open bank accounts regardless of marital status.

But that's still a century before female cosmonauts, so I'm just being pernicketty really.

[–] MyBrainHurts@piefed.ca 1 points 6 days ago (1 children)

I love and encourage persnicketiness!

I also feel that technically, at least according to the source, my comment is correct.

As the piece notes:

Women could participate in the economy — including banking — in Colonial America.

To me, this meets the "American women could open a bank account" criteria but that's just my opinion and one with which reasonable people can disagree.

Though, the piece's source gets delightfully snarky about it:

Though a small percentage of all bank customers, women held accounts in many northeastern banks in the early national period, a fact that apparently has eluded business and women's historians alike.

[–] Semjeza@fedinsfw.app 3 points 6 days ago (1 children)

Your are indeed technically correct (but I maintain that as the worst kind of correct, who trusts bureaucrats?), but the added information that that section details as once/if women married, their finances, assets, bank accounts became their husbands.

So while unmarried and widowed women could do banking, meaning that women could - social pressure and expectations made it difficult to impossible for the majority of most women's lives.

You are correct in the bar of "a certain subset of >1 women could open bank accounts" was true for, potentially the entire history of banking in the US/thirteen colonies. (When was the first settler bank set up in N. America? Probably a Spanish one in the Caribbean, but British people probably didn't use that one.)

We are mostly in agreement, just drawing the line either when first crossed (fair and valid) or when all could cross (racial discrimination aside (and that's a big aside)).

Salutations and respect to a fellow lover and encourager of persnicketiness.

[–] MyBrainHurts@piefed.ca -1 points 6 days ago (1 children)

but I maintain that as the worst kind of correct, who trusts bureaucrats?

Love it!

Yup, you make great points. I just think that if the comparator on the other side is "women in space" we're not talking about a large percentage of the population. (Though, an admittedly fair perspective is the number of women as a share of the total people in space.)

[–] Semjeza@fedinsfw.app 2 points 5 days ago (1 children)

I'd foolishly overlooked the considerations of what kind of line was drawn on the space side. That's a really good point.

Thanks for the polite, pernicketty, chat.

[–] MyBrainHurts@piefed.ca 1 points 5 days ago

Thanks for the polite, pernicketty, chat.

Likewise!

Honestly, for what it's worth, folks like you are what give me hope for the Fediverse. So, thank you.

[–] K1nsey6@lemmy.world 1 points 4 days ago

If there were no uniform laws, which there were not, women could not bank