Malcolm X's life in the Nation of Islam and his Life after his Research Paper

Malcolm X's life in the Nation of Islam and his Life after his Pilgrimage to Mecca - Research Paper Example They would face large scale unemployment; lose the unskilled jobs and other avenues of income. There was also another school of thought that propagated racial hatred based on a completely different agenda. The period of the erstwhile 1950’s was notorious for the growth of the Neo-Nazi groups, groups proclaiming racial superiority, the rise of the Klux klux clan among others. They did a very good job of instilling the feeling of racial hatred and abomination in the minds of the average American. The sum total of this was that the divide between the blacks and the whites reached levels of extreme bitterness. Majority of the black population believed that the laws were loaded completely against them and favored the agenda of the whites. INTRODUCTION- Malcolm X was an adapted name of Malcolm Little. He was born in the year 1925, in Omaha, Nebraska. He was the forth child of a total of seven children. His father was an activist for the pan African Movement and also the area leader for an Indigenous organization called as the Universal Negro Improvement Association. His father taught him the values of black rights, the issue of self determination and the tenets of self reliance. He was also greatly influenced by Marcus Garvey. He grew up in an atmosphere of great friction. There were a lot white local groups who were against the black people and would cause a lot of troubles to the family including threats. One of the younger brothers of Malcolm X was lynched and killed violently by the members of a white supremacist group (Klux Klux clan). These early incidents shaped the mind of young Malcolm who would later grow up to hate the whites (Karim, 1971). Ultimately, the family had to shift to Milwaukee after repeated threats from the clan and later to Lansing, Michigan. In the year 1939, Earl Little (Father of Malcolm X) was killed in a road rage accident. Although the accident was supposed because of a careless driver, however, the reason for the killing was att ributed to the various white supremacy groups (Karim, 1971). The thought process also gained momentum because a few days back, their house was also burned down by the same people. The family was further peeved at the fact that the money that they were supposed to get out of the life insurance was also not properly given to them. Malcolm’s father had two life insurance policies. However at the time of his death, the insurance of the higher denomination was denied to them on the count that his father had committed suicide, this pushed the family into a great amount of financial trouble and affected the mind of young Malcolm greatly (Breitman, 1971). Thereafter, Louise (Malcolm’s mother) suffered a nervous breakdown and was declared a mentally insane, this divided the complete family and the siblings were sent to various foster homes. Malcolm X moved to Boston where he lived for a while. The formative early years Malcolm X was one of the best students in the junior high a nd wanted to become a lawyer by profession. But even in his school, he faced a great deal of racial segregation, in Boston; he lived in an area called as Roxbury, which was predominantly an African American area of the neighborhood (Haley, 1999). He used to occasionally find

The Federal Reserve Essay Example | Topics and Well Written Essays - 1250 words - 2

The Federal Reserve - Essay Example This paper seeks to analyze the role of the financial markets in economic wealth creation in the United States as well as three financial securities which include; stock shares, bonds, and treasury bills. Analyze the role financial markets play in creating economic wealth in the U.S. Financial markets have a significant role as far as the United States economy is concerned. Most importantly they aid in the creation of wealth through various ways. In line with this a major role of financial markets is the facilitation of transfer of funds from those who have surplus to those without. This basically means that funds are channeled to borrowers from lenders through systems and frameworks in the financial markets. Lenders spend small portions of their incomes while the rest is kept for savings while borrowers wish to spend more than their incomes. This makes it possible for funds to flow from the lenders to the borrowers. Financial markets provide an avenue through which finances move fro m lenders to borrowers. In financial markets financial instruments otherwise regarded as financial securities are instruments that facilitate the transfer of funds. Borrowers purchase the financial securities from lenders which acts a claim on future assets and incomes of the former. Therefore financial markets enable companies to obtain funds in a much easier for development and growth or rather for the exploitation of a new business idea. This processes therefore translates to the creation of wealth in the United States since private businesses, the government as well big companies can be able to engage in Investment activities as a result of readily available funds through the financial markets securities. Provide a general overview of each of the three (3) securities you chose. Be sure to include such information as name, company it represents (if applicable), pricing, and historical performance. Walmart Company makes use of financial securities to source funds and be able to co ntinue in business. Stock shares are financial securities that facilitate operations of this company in the financial markets in the United States. Stock shares enable investors to actually invest their funds in this company. Walmart company shares have in the past presented an investment image that is not that attractive to investors (Groz, 2009). Over the past decade the company traded its shares in the stock exchange market in New York with the price per share being $58.75. At the time the earnings yield per share was 2.54% which meant that investors received an earning per share of $1.49. Such a rate of return on Walmart’s shares was actually lees by a half of what an investor could have received if they invested in treasury bonds. In this case the United States treasury bonds had a much better deal for investors. The returns on shares did not account for payment of taxes after the distribution of dividends to the shareholders. Besides the use of treasury bonds, the Unite d States government issues treasury bills in order to be able to source funds to support its investments as well as other activities. Treasury bills securities are short term instruments whose maturity is usually on a quarterly, half year or annual basis (Valdez, 2002) The United States t