In 1960, the pill was approved as a contraceptive. However, it was illegal in some states and could only be prescribed to married women for family planning purposes, according to the original message. Not all pharmacies were said to stock the pill, and some who opposed birth control said, “Oral contraceptives were immoral, encouraged prostitution, and were synonymous with abortion.” He says birth control wasn`t approved by all women until a few years later. A CNN list of “5 Things Women Couldn`t Do in the 1960s” says the same thing. It`s hard to think about it today, but before the 1970s, women couldn`t talk openly about their sex lives or anything related to sex. Of course, many women probably raised the issue of sex privately with their friends, but it was not acceptable to discuss it in public. While not illegal, many women often followed the rules of what people thought was socially acceptable and what they didn`t think. The woman and the book that really changed the way women discussed sex was Betty Friedan`s The Feminine Mystique. There are even some employers who only pay employees by paying directly into your bank account. Therefore, it is hard to imagine a time when women were not allowed to have a bank account. However, this was the case not so long ago in the United States, when banks simply did not allow women to open accounts. United States, 1978: The Pregnancy Discrimination Act is passed in the United States.
Until the law came into force, women could still be legally dismissed from their jobs because they became pregnant. Between 1971 and 1976, there were other cases where laws had to be amended at the national level. When she argued this first case in 1971, many banks still did not issue credit cards to women or allow them to open checking accounts without their husband`s permission. Not only that, women couldn`t get a business loan or mortgage without a male co-signer. In 1974, the Equal Credit Opportunities Act was passed, which sought to prohibit discrimination on the basis of sex. All of these laws, which codified men as breadwinners and beneficiaries and women as dependents, were declared unconstitutional during those five years. Ultimately, their work changed the face of American families, empowered women, and expanded opportunities for us. It is impossible to overestimate their impact. Despite the achievements of the first female bank president, the first self-made millionaire and the first woman on the New York Stock Exchange, stereotypes that women are incapable of taking on financial responsibilities permeate American society. The law also prohibits creditors from asking an applicant whether they plan to have children or other children.
First Women`s Bank of Tennessee had all-female employees and directors, but all shareholders were men. At the time, most other financial institutions continued to deny women access to bank accounts. France, 1881: The France grants women the right to hold bank accounts; Five years later, this right was extended to married women who were allowed to open accounts without their husband`s permission. The United States did not follow suit until 196, and Britain fell behind until 1975. United States, 1970: Schultz v Wheaton Glass: A Federal Court of Appeals decision makes it illegal for a company to change its job title in order to pay women who held the position less than male workers. With all the rules, laws, and regulations surrounding women before the 1970s, it`s probably no surprise that it wasn`t until the early 1970s that a woman became CEO of a Fortune 500 company. Katharine Graham became the first female CEO in American history of a Fortune 500 company when she acquired The Washington Post in 1972. While what she did was never illegal, it doesn`t change the fact that Graham broke barriers for many other women. This assertion is partly false.
Some Ivies were open to women before 1971 In 1979, “two cases highlighted the evolution of legal attitudes towards the concept,” according to Time. In 1986, the federal Sexual Abuse Act criminalized marital rape in every state, but it wasn`t until July 5, 1993, that marital rape became a crime in sexual offense laws in all 50 states, according to the National Criminal Justice Reference Service. “Issues such as reproductive freedom and a woman`s right to decide when and if she wants to have children were not openly discussed until the 1960s,” the message reads. One of the reasons women could not legally own a bank until the 1970s is that they could not legally open a bank account. Just as women could not get a credit card without their husband`s signature, they could not open a bank account without their husband`s permission. One of the reasons women couldn`t open their own bank account was that people believed they wouldn`t be able to handle the financial part. Men saw women as delicate creatures who couldn`t understand many things they could. The article presents statements that contain a lot of truth, but also inaccuracies. Women could not get a credit card in their name in 1971 and serve on the front lines. They could be fired because they became pregnant, they could not take legal action against sexual harassment in the workplace, they paid more in health insurance, and they were unable to sue their husbands for rape. But the post isn`t exactly about women and juries, an Ivy League education, or contraception.
Fully understand the importance of women not opening bank accounts in the United States. Until the 1960s, you must understand the history of the struggle for women`s financial rights. That same year, the San Francisco Savings Union granted the first loan to a woman in the United States. There is still a long way to go towards true financial equality for women. This path obviously goes far beyond the question of when women might have a bank account. United States, 1975: The first commercial bank run by women opens in New York – First Women`s Bank, where Betty Friedan had an account. New York was the first state to require the signature of a married woman to accept the sale of a woman`s property before her marriage.