The Equal Credit Opportunity Act (ECOA) of 1974 enabled women to get credit cards or a mortgage without a co-signer, making it a pivotal milestone for women’s financial independence. The 50th anniversary of ECOA being signed into law by President Gerald Ford fell just a week ahead of the recent presidential election, considered by many to be a referendum on women’s rights in a political climate still reeling from the revocation of Roe. That critical landmark for women’s autonomy was overturned by the Dobbs decision in 2022, one year short of reaching its own half-century observance.
By focusing on women’s independence through the lens of economic power over the last 50 years, a new Smithsonian exhibit—”We Do Declare Women’s Voices on Independence,” commemorating ECOA’s passage—hones in on another essential factor in women’s ability to achieve freedom, security and power: financial independence.