this post was submitted on 07 May 2026
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[–] MyBrainHurts@piefed.ca 39 points 1 day ago (2 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 15 points 1 day ago* (last edited 18 hours 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).

[–] MyBrainHurts@piefed.ca -4 points 1 day ago (1 children)

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).

If you read the article, you'd know that in general this was usually the case way farther back than the 70s.

Yes, there were more gaps but it's far from what the meme implies.

[–] Evil_Shrubbery@thelemmy.club 5 points 18 hours ago* (last edited 18 hours ago) (1 children)

The meme also implies that USSR women had access to space. Both ends of the meme are not a strictly accurate comparison, just a "funny" way of saying that women in USA didn't have universal access to banking guaranteed by a country-wide law up until the space race.

[–] MyBrainHurts@piefed.ca -1 points 18 hours ago (1 children)

To each their own.

I would also point out that it's incredibly unlikely any women critical of the Party, or with husbands who were critical of the Party, were allowed to be astronauts.

So, I felt some context to demonstrate that American women had been banking for a hundred+ years by the time there were Soviet astronauts.

[–] Evil_Shrubbery@thelemmy.club 5 points 17 hours ago* (last edited 17 hours ago) (1 children)

Exactly.

A bit like saying North Koreans have nuclear weapons while black ppl in USA are discriminated against.

While it is a fact, it's also clear that the situation in USA is a bit better than 200 years ago whilst the average DPRKean does in fact not have access to a nuclear weapon.

I don't think ppl on Lemmy would think no woman in USA had a bank account prior to the (19)70s. Just as they wouldn't think USSR shipped millions of female tourists to space.

[–] MyBrainHurts@piefed.ca 2 points 17 hours ago

I don’t think ppl on Lemmy would think no woman in USA had a bank account prior to the (19)70s.

You have more faith than I do. Right now, someone is explaining to me in another thread how donald trump is actually part of a deep conspiracy with the Dems to keep elections electronic so they can both rig them...

People are really dumb.

And the link I posted does not at any point say that all women had access to all banking forever, simply that there is a lot of context that's missed by claims like this, that come up reasonably frequently.

[–] Semjeza@fedinsfw.app 13 points 1 day 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 0 points 1 day 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 2 points 1 day 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 1 day 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 16 hours 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 2 points 11 hours 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.