The Great Migration
What is the Great Migration?
Massive relocation of African Americans from the rural southern states to the cities of the north
What is the Economy?
a system for the distribution of scarce resources
What percentage of African Americans live below the poverty line?
21%
the prohibition of blacks owning property, leaving slaveholders premises, possessing firearms, testify against whites, and learning to read or write
Stock
a share in the ownership of a company held by a shareholder
When was the first wave of the Great Migration?
1910-1930
How many types of economic systems are there?
4
What percentage of African Americans are unemployed?
6.5%
What was the Domestic Slave Trade?
a term for domestic trade of enslaved people within the united states that reallocated slaves across states during the Antebellum period
Bond
borrowing in the form of an IOU that pays interest
Why did the first wave of the Migration stop?
What is wealth?
an abundance of valuable possessions or money
What percent of African Americans graduate from high school?
88%
How many ways were slaves organized?
2
GDP
the market value of all final goods and services produced within a country in a given period of time
What war was the second wave during?
Second World war
What assets go up in value?
real property, collectables, financial assets, business assets
What percent of African Americans graduate with a Bachelors Degree?
22%
What was the task system in slavery?
each slave completed a specific job each day
Exports
generates an inflow of funds into the country from the rest of the world
What was the major black newspaper advertising for jobs?
The Chicago Defender
Assets-Liabilites= ?
Net Worth
What is the wealth difference between a median White family verse the median Black family?
41 times
What was the gang system in slavery?
work gangs plowed and planted from sun up to sun down
Imports
leads to an outflow of funds to the rest of the world