The Great Negro Migration
What was the great Negro migration and why did it occur?
The great Negro migration was a movement of six million African-Americans out of the Southern United States to the urban Northeast, Midwest, and West. It occured because of segregation, a spread of racist ideology, widespread lynching, and lack of social and economic opportunities in the South.
What percentage of African Americans are home owners vs. renters?
The percentage of African Americans that are home owners are 7% and the percentage of African Americans that are renters are 16.3%
In the circular flow of expenditure and income,
households are sellers and firms are buyers in factor markets.
What are the 10 myths about Black wealth according to?
The ten myths about Black wealth are more educational attainment by blacks closing racial wealth gap, disparities in homeownership driving the racial wealth divide, buying and banking black will close the racial wealth gap, black families saving more will close the racial wealth gap, better financial literacy in the black community will close the racial wealth divide, bolstering black entrepreneurship will close the racial wealth gap, emulating the successes of model minorities will close the racial wealth divide, improved soft skills and personal responsibility on black workers will close the racial wealth gap, the rise of black celebrities proves the racial wealth gap is shrinking, and addressing black family disorganization will close the racial wealth divide.
What is the “reverse migration? When did it occur?
Reverse migration is where a bird would fly in the opposite direction of what is species typical during the migration time. The reverse migration started in the early 1970's.
What are the two largest consumption items for African Americans in the category of Food?
The two largest consumption items for African Americans in the category of food are poultry, meats, fish, egg, cerals and bakery products.
Investment expenditures include all of the following except
purchase of stocks and bonds.
What have been the economic effects (positive or negative) of both migration events?
During the great Negro migration, African Americans began to build a new place for themselves in public life, confronting racial prejudice as well as economic, political and social challenges to create a black urban culture that would exert enormous influence in the decades to come. With reverse migration, it helped improve social life of people as they learn about new culture, customs, and languages which helps to improve brotherhood among people. Migration of skilled workers leads to a greater economic growth of the region.
What is the largest consumption items for African Americans in the category of Transportation?
The largest consumption items for African Americans in the category of Transportation are vehicle finance charges and vehicle insurance.
Aggregate income equals
C + I + G + X – M