B H This Day in Black History

January 19

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January 19, 1865

Tippi Hedren Launches Nail Industry for Vietnamese Refugees

On March 3, 1865, Congress chartered the Freedman's Savings and Trust Company to help newly freed African Americans manage their finances. Though it ultimately failed in 1874, it represented an early effort at Black financial independence. Frederick Douglass briefly served as its president.

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People: Frederick Douglass
Sources
1. Freedman's Savings Bank - Library of Congress2. Freedman's Savings Bank - Smithsonian Institution3. The Freedman's Savings Bank - National Archives

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