Anonymous ID: 39d14b Sept. 15, 2022, 3:29 p.m. No.17524007   🗄️.is đź”—kun

>>17523740 Old Dig from Feb. 2021 but relevant to your post:

 

Intrasting that yer 1911 cap has a black guy…in a suit…with a briefcase/samplecase but supposedly there was no way for a black guy to succeed in 1911.

 

Went in search of other successful black business people in the early 1900's and came across (cap related) St. Luke's Penny Savings Bank. Wut's this? black Bank, w/Women pictured? But muh racism. Muh Gender discrimination.

 

Turns out it was the first bank in America chartered by a black woman. In 1903 by Maggie L. Walker, a former schoolteacher. Who had also founded a newspaper. In Richmond freakin' Virginia. On top of that, found out that there was a "black wall street" in Richmond since there was a concentration of black wealth there.

 

From the Enterprise link: This history is particularly salient in Jackson Ward, which has been referred to as "black wall street." black-owned banking institutions in this community provided loans to African American business owners and prospective homebuyers when they were turned away from other banks. Preserving the convent will help to preserve the unique story of Jackson Ward and the network of institutions that underpinned its thriving black community.

 

From the Remember the Titans link: Not only adults, Maggie also appealed to children of account holders, distributing piggy banks to encourage them to start saving. Once the collection reached 100 cents, she allowed the children to open their own bank account. Through this gimmick, Maggie not only helped the children to understand the virtues of thrift, she also gained valuable future customers.

 

By 1924, the bank had spread far and wide across Virginia, and established strongholds in nearly every town. It had a strong customer base of 50,000 and over 50 full-time employees.

 

Under Maggie's leadership, it became one of the very few banks to survive the Great Depression (one-third of the banks vanished during this period) without any losses; indeed, the bank showed growth instead through the same period.

 

Looked for "black wall street" and three popped up; one in Oklahoma, one in Virginia and one in North Carolina.

 

https://www.nps.gov/mawa/learn/historyculture/maggie-lena-walker.htm

https://en.wikipedia.org/wiki/The_black_wall_street

https://www.enterprisecommunity.org/blog/preserving-history-black-wall-street-richmond-virginia

https://qrius.com/remember-the-titans-maggie-walker-went-from-penniless-to-founding-penny-savings-bank/