Causes of African American Immigration

Causes of African American Immigration Great Migration Slavery, captives these are the terms which are not separable from the history of the United States since the 15th century until today. Mallaika Adero, in a piece called, Up South Stories, studies and letters of African American Migrations mainly focus on the immigration of African Americans to north of the America. Adero was the former member of the class of the Howard university and she focused here studies on social sciences and perused her career as a senior editor. This article highlights the main reasons for immigration of blacks to the north such as better job opportunities, undesirable effects of natural disasters in south, and higher respect for women and children. Moreover, the article explains the political and cultural consequences of the great migration. The first and foremost important reason that clearly explains the blacks immigration is the job opportunities and higher wages that were offered up in the North. According to the author, up until 20th century, years after the slavery trade was ended, the vast majority of the black people still lived in the south and were considered to be the essential part of the agriculture economy. This trend seemed to continue until the first African American generation who were born free. Amiri Baraka stated that a psychological shift à ¢Ã¢â€š ¬Ã‚ ¦ made blacks go north (Baraka). Therefore, the new black generation on their path seeking for more freedom, higher wages, and in general better lifestyle began their way to the north. Besides the black peoples motivation to move to other parts of the nation, the north region merchants were interested in absorbing the black laborer due to preventing European immigration to the states during the world war I. This situation eventually led the demand for black workers to boost dramatically in the north. According to Adero, Negroes were allowed to work in factories that they were prohibited before. For instance, the industry of railroads, mechanics, and other manufacturing businesses were in need of black laborers. In addition to the better job opportunities, the second most important reason that was pushing the African Americans to the north was the natural disasters that were happening frequently in the south. The destructive floods and boll weevil insects were the two most important threats to the south businesses. The damage has been to the extent of a loss of 50 percent of the crop, estimated at 400,000 bales of cotton annually, about 4,500,000 bales since the invasion or $250,000,000 worth of cotton. (Adero 3). Based on the stated statistics, the industry of the south was negatively influenced by the insects attacking the cotton plants which consequently prevented the suppliers from improve their business. This situation lead more black citizens to lose their jobs and to distribute to the other regions. As the north areas were becoming a better place to live for the African American people, the black population was gradually decreasing in the south. In early 19th century, the black population in the north reached the limit that could enable them to strengthen their political and economic status by electing a leader from their race who could contributor to the congress. This could potentially be considered as one of the solutions to improve the black peoples power nationwide. However, the author describes this decision as an unwise move. She correlates the consequents of such a decision to the black people during reconstruction days. On the other hand, the author believes the black people should take an alternative path to the liberty when she says The Negroes should support representative men of any color or party, if they stand for a square deal and equal rights for all (Adero 9). The blacks community was developing as their men were getting more involved in the industry. Nearly, n inety percent of the jobs that required skilled labors were occupied by the black workers. This situation led the black community in the north to become more powerful and eventually establish themselves in the congress. One of the factors that played an essential role during the huge migration was the relation between minority and majority groups and how these two could become a complementary of each other. Alain Locke, American writer and philosopher, explains despite the definition of this two status, it has been proven through the history that there is a very narrow difference between them. Therefore, depending on the time and the situation, one could be considered the minority or the dominant majority. The author uses these attitudes to describe the environment existed in the north nations during the great migration.   According to the author, the great migration significantly affected the blacks community to lose their tradition and culture. However, the study of the history demonstrates that they were able to overcome all the cultural disorganization while gradually following the majority group in the society. Generally speaking, These two articles describe the black peoples immigration to the north after the civil war. The author attempts to clearly describe the main problems that African American were confronting through their immigration. Also, the effect of the migration on the black peoples culture and family life were studied by introducing the close relation between minority and majority groups in different societies. Works Cited Malaika Adero, Ed. Up South: Stories, Studies, and Letters of this Centurys African-American Migrations (New York: The New Press, 1993), pp. xvii-32. Alain Locke,   The New Negro (1925), pp. 442-451.

Mending Wall Commentary Essay

Robert Frost’s Narrative poem, â€Å"Mending Wall† is a light-hearted yet tense depiction of opposing views that brings together two different people. Written in blank verse with simple structure and strewn with images alluding to myths and human history, this poem reveals the men’s customs and furthermore the never ending ritual of man, which guides the reader to conclude that In this poem Robert Frost does make an allusion to the famous Greek myth of Sisyphus. For those of you who are unfamiliar with this legend, it tells the story of a man named Sisyphus who was condemned to the chronic punishment of continuously pushing an oversized boulder up a steep hill only to watch it roll back down so he could start the process all over again. This directly relates to the Mending Wall because in this poem the two neighbors meet up from time to time to put boulders on top of the wall dividing their properties. Yet, just as inevitably at the fate of Sisyphus, the boulders frequently fall back down and the two men willingly repeat the process. Another interesting concept that falls into the two men’s process, is that the neighbor who initiates the repairs of the wall is the speaker who believes that there is no need for a wall between their properties. If his true desire was to rid of the wall then he wouldn’t constantly restore it, therefore the speaker must derive some inside satisfaction from the building of the wall or even the connection it brings with his neighbor. The structure of the Mending Wall is a long one-stanza poem. It is written in blank verse (no rhyming) and contains a narrative-like style. One of the main devices Robert Frost comprises is repetition, which is used as a technique to emphasize the collision of views between the neighbors. We first see the line â€Å"something there is that doesn’t love a wall† in the beginning of the poem when the speaker is referring to nature as that ‘something’, and once the line is repeated it has a new meaning. At the end of the poem the ‘something’ refers to the attitudes of the speaker towards the wall, meaning the narrator does not ‘love the wall’ and wants it down. Another example of repetition is the statement â€Å"good fences make good neighbours†. This reflects back to and accentuates the idea and opinion that although people can be good friends, there will always be a barrier standing between them, acting as a boundary that separates their social relations from their personal privacy, ‘walling in’ what they do not wish to share with others. Robert Frost employs primeval diction to transform the ordinary scene of wall mending into an ancient act of savages. He emphasizes words such as â€Å"spells† and â€Å"elves† that make the two men seem ancient and from the Stone Age as they hoist and transport the boulders. Also in history the building of walls, both literal and figurative, marked the very foundation of society. Figuratively, rules and laws are walls and justice is the process of wall-mending. And the ritual of wall maintenance highlights the dual and complementary nature of human society, meaning the rights of individuals are affirmed through the affirmation of other individuals’ rights. In the poem their communal act, or civic â€Å"game,† offers a good excuse for the speaker to interact with his neighbor as they perform the same procedural actions done by prehistoric humans.

Study On The Hang Seng Index And Hsbc Finance Essay - Free Essay Example

Sample details Pages: 5 Words: 1428 Downloads: 7 Date added: 2017/06/26 Category Finance Essay Type Research paper Did you like this example? In this chapter, there is description of data used in this study, which are The Hang Seng Index (HSI), The Hongkong and Shanghai Banking Corporation Holding plc (HSBC Hldgs) and Oriental Press Group Limited. After that, methodologies of predictions based on past volatilities and GARCH class conditional volatility models are presented. Finally, I will talk about how to evaluate the forecasting performances in according to select the best models. Now, let me introduce the data analyzed in my study. 3.1 Data description 3.1.1 The Hang Seng Index (HSI) Global investors treat the Hang Seng Index (HSI) as an indicator of the performance of the stock market in Hong Kong. The HSI was publicly launched on 24 November 1969 and is one of the earliest stock market indexes in Hong Kong. It is now maintained by Hang Seng Indexes Company Limited, which is a subsidiary of Hang Seng Bank, one of the constituent companies. The HSI is a freefloat-adjusted market capitalization weighted stock market index. : The current price at Day t : The closing price at Day t-1 IS : The number of issued shares FAF : Freefloat-adjusted Factor, which is between 0 and 1 CF: Cap factor, which is between 0 and 1 It consists of 43 constituent companies which represent around 60% of the total market capitalization of the Hong Kong Stock Exchange (HKEX). In order to show the price movements of the major sectors of the market clearer, the HSI constituent stocks are grouped into four sub-indexes: Properties, Utilities, Commerce and Industry, and Fina nce. Normally, qualified potential constituents are companies with a primary listing on the Main Board of the Hong Kong Stock Exchange (HKEX). In recent years, more and more mainland China companies listed on the Hong Kong Stock Exchange (HKEX), they can also be one of the qualified potential constituents if they meet several conditions. The companys total ordinary share capital must be in the form of H shares, the shares of the company incorporated in mainland China that are traded on the Hong Kong Stock Exchange. And also, the company needs to complete the process of Share Reform first. As a result, the company has no unlisted share capital. As the market capitalization, the turnover ranking and the financial performances of the companies may change in different periods, the list of constituent stocks is reviewed quarterly. In this paper, the daily closing Hang Seng Index and the weekly Hang Seng Index are used. The data set ranging from 1 July 1997 to 30 June 2008 is retrie ved from Datastream, a U.K. incorporated data service company. The data set is partitioned into the in-sample estimation periods 1997 2007, the out-of-sample forecast periods 2007 2008. This separation provides 2467 and 522 in-sample observations for the daily series and weekly series respectively. For out-of-sample observations, there are 246 for daily series and 52 for weekly series. In order to obtain more accurate results, public holidays and special incidents leading the public announcement of non-trading, such as the black signal of the Rainstorm Warning System and no. 8 storm force wind signal of Hong Kongs Tropical Cyclone Warning Signals. During this period, there were quite a lot of economic events affecting the stock market in Hong Kong. Hong Kong is one of the victims of 1997 Asian Financial Crisis. After the HSI peaked at 16820, it was attacked by international speculators, leading to a 50% plunge. In 1998, the Hong Kong government intervention on stock market to p urchase component shares supported the market and the HSI rebounded to 18000. The rise in both the interest rate and the crude oil price burst the dot-com bubble in 2000. The HSI dropped to 14000 and then fluctuated between 14000 and 16000. 911 Incident occurred in 2001. The HSI kept falling and the minimum was 8894. The stock market started to recover after Mainland and Hong Kong Closer Economic Partnership Arrangement (CEPA) was signed on 29 June 2003. In August 2007, mainland China declared the plan to allow part of citizens to invest on Hong Kong market directly. In October, stimulated by the news of AH stock hedging program, the HSI break through 30000. Unfortunately, the HSI was affected by the fallen chain of major stock markets in the world and dropped 2061.23 on 22 January 2008. During this period, the average point of the HSI is 14313.39 and the stand deviation is 4563.68. The lowest point in these eleven years was 6660.42 which occurred on 13 August 1998. 31638.22 was the highest point and occurred on 30 October 2007. Don’t waste time! Our writers will create an original "Study On The Hang Seng Index And Hsbc Finance Essay" essay for you Create order 3.1.2 HSBC hldgs Besides the HSI, one of the constituent stocks is randomly selected. At the beginning of the selection process, each constituent stock is assigned a number, 1 43. Then, a number, between 1 43, is randomly generated by Excel. If the assigned number of the company matches the generated number, that company will be selected and studied in this paper. The Hongkong and Shanghai Banking Corporation Holding plc (HSBC Hldgs) is the selected constituent company and belongs to the Finance Sub-indexes. HSBC hldgs is one of the most favourite stocks in Hong Kong. In 1865, it was founded in Hong Kong in March and in Shanghai one month later. The banks headquarter was in Hong Kong until 1992. Then it moved to London as a condition of the acquisition of Midland Bank in UK, and also due to the handover of Hong Kongs sovereignty. Currently, HSBC hldgs is both the worlds largest banking and financial services group and the 5th largest stock in the Hong Kong Stock Exchange (HKEX) by market capit alization. HSBC hldgs is also listed on the Bermuda, New York, London and Paris Stock Exchanges. It is a constituent of the FTSE 100 Index and the largest company listed on the FTSE. In 2010, CEO Michael Geoghegan moved to Hong Kong since HSBC hldgs focuses on Asia more now. Similarly, both daily and weekly closing prices of HSBC hldgs ranging from 1 July 1997 to 30 June 2008 are retrieved from Datastream. The data set is also divided into the in-sample estimation periods 1997 2007 and the out-of-sample forecast periods 2007 2008. The number of in-sample observations and out-of-sample observations for both daily and weekly series are also the same as the HSI series and the non-trading days are excluded. For in-sample observations, there are 2467 for daily series and 522 for weekly series. For out-of-sample observations, there are 246 for daily series and 52 for weekly series. During this period, the average closing price of HSBC hldgs is 96.92 and the stand deviation is 23.2 6. The lowest closing price in these eleven years was 40.48 which occurred on 21 September 1998. 140.586 was the highest closing price and occurred on 15 October 2007. 3.1.3 Oriental Press Group Limited In this paper, another stock which is not the constituent stock is also studied. The stock is selected randomly like the chosen constituent stock. Oriental Press Group Limited is selected and is incorporated in Hong Kong. The group takes part in the publication of daily newspapers, Oriental Daily News and The Sun, and The Sun Racing Journal. Oriental Daily News was first published in 1969. Today, the paper is at the top in the daily circulation and has a record readership of around 3,100,000. Unlike Oriental Daily News, The Sun targets at a younger and fresher reader groups. The Sun was published since 1999, and can also be found outside Hong Kong. By considering a lot of Hong Kong people living in North America and in order to develop the market of The Sun, there is a North America version in New York and Toronto. The Sun Racing Journal was established in 1991. It is one of the major horse racing magazines in Hong Kong. Like the HSI and HSBC Hldgs, both daily and weekly clos ing prices of Oriental Press Group Limited ranging from 1 July 1997 to 30 June 2008 are retrieved from Datastream. The data set is also divided into the in-sample and the out-of-sample with the same period as the above two series. The number of in-sample observations and out-of-sample observations for both daily and weekly series are also equal to as that of the HSI series and HSBC hldgs series. During this period, the average closing price of Oriental Press Group Limited is 1.499 and the stand deviation is 0.657. The lowest closing price in these eleven years was 0.533 which occurred on 23 June 1998. 3.175 was the highest closing price and occurred on 14 January 2004. 3.1.4 Transformation of Data As this paper is studying the volatility, I focus on the returns of the HSI and the stocks rather than the index and closing prices. Therefore, a transformation of data is needed before modeling. Data are transformed into daily returns by taking the first difference of the natural logarithm of the daily index and closing prices. : The daily return : The current price at Day t : The closing price at Day t-1 Mean equals to 0.00138 and stand deviation is 0.0176. Mean equals to 0.00163 and stand deviation is 0.0169. Mean equals to -0.00032 and stand deviation is 0.0315. 3.2 Methodology

Effects Of The Atlantic Slave Trade - 967 Words

Fatal Bondage The act of treating human beings as if they were animals, regardless of race or religion in the 15th century should have been a crime. The effects of The Atlantic Slave Trade still lingers in today’s culture. It was one of the vast developments that help shape the course of history as the World knows it. Ultimately there is no way to justify who is responsible. Europeans and Africans should be held equally accountable for the destruction of the African population. The Ottoman Empire took control over Constantinople in 1453. When doing so they put an end to the supply of Slavic slaves. Before the 15th century southern Russia was the main supply to slaves. While the Portuguese was looking for gold along the west coast of Africa they stumbled upon something more significant to future economic growths. They found a readily available supply of slaves, nonetheless the Europeans will confide in for their trade routes because of Africa being inclined to sell their slaves peacefully. With abolishment of Slavic slaves, and Native Americans being vulnerable to European diseases the only option that the European seen open was to rely on Africa. The marginal Europeans were Christians that were believed to be exempted from slavery. Then they were Africans immune to most diseases and were accustomed to labor, therefore being the perfect candidate, not to mention the availability was thought to be unlimited. The views that Europeans and Africans had about slavery wereShow MoreRelatedEffects Of The Atlantic Slave Trade On Africa1516 Words   |  7 PagesEffects of the Atlantic Slave Trade on Africa The Atlantic slave trade existed from the 16th to the early 19th century and stimulated trade between Europe, Africa, and the Americas. 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