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The Hip Hop Caucus ( HHC ) is a national, non-profit organization in the United States, which aims to promote political activism for young U.S. voters using hip-hop music and culture.

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142-644: The group's programs are intended to promote social and political equality in the areas of economics , education , health care , housing , the environment and social justice . The group is a member of the Black Leadership Forum and the Leadership Conference on Civil and Human Rights . Rev. Lennox Yearwood Jr., President & CEO of the Hip Hop Caucus is a former co-creator of P. Diddy 's " Vote or Die " campaign of 2004. In 2003 and 2004 he

284-574: A 14-year-old boy from Chicago. Spending the summer with relatives in Money, Mississippi , Till was killed for allegedly having wolf-whistled at a White woman. Till had been badly beaten, one of his eyes was gouged out, and he was shot in the head. The visceral response to his mother's decision to have an open-casket funeral mobilized the Black community throughout the US. Vann R. Newkirk wrote "the trial of his killers became

426-466: A White American mother and a Kenyan father— defeated Republican Senator John McCain to become the first African American to be elected president. At least 95 percent of African American voters voted for Obama. He also received overwhelming support from young and educated Whites, a majority of Asians , and Hispanics , picking up a number of new states in the Democratic electoral column. Obama lost

568-542: A crucial role in producing the country's most valuable product and export: cotton . Enslaved people were instrumental in the construction of several prominent structures such as, the United States Capitol , the White House and other Washington, D.C.-based buildings. ) Similar building projects existed in the slave states . By 1815, the domestic slave trade had become a significant and major economic activity in

710-702: A definition of economics as a study of human behaviour, subject to and constrained by scarcity, which forces people to choose, allocate scarce resources to competing ends, and economise (seeking the greatest welfare while avoiding the wasting of scarce resources). According to Robbins: "Economics is the science which studies human behavior as a relationship between ends and scarce means which have alternative uses". Robbins' definition eventually became widely accepted by mainstream economists, and found its way into current textbooks. Although far from unanimous, most mainstream economists would accept some version of Robbins' definition, even though many have raised serious objections to

852-451: A distinct field. The book focused on determinants of national income in the short run when prices are relatively inflexible. Keynes attempted to explain in broad theoretical detail why high labour-market unemployment might not be self-correcting due to low " effective demand " and why even price flexibility and monetary policy might be unavailing. The term "revolutionary" has been applied to the book in its impact on economic analysis. During

994-643: A federal crime to aid or assist those who had fled slavery or to interfere with their capture. By that time, slavery, which almost exclusively targeted Black people, had become the most critical and contentious political issue in the Antebellum United States , repeatedly sparking crises and conflicts. Among these were the Missouri Compromise , the Compromise of 1850 , the infamous Dred Scott decision , and John Brown's raid on Harpers Ferry . Prior to

1136-535: A group formed to promote relations between the countries. After riots against Blacks in Cincinnati , its Black community sponsored founding of the Wilberforce Colony , an initially successful settlement of African American immigrants to Canada. The colony was one of the first such independent political entities. It lasted for a number of decades and provided a destination for about 200 Black families emigrating from

1278-420: A lower relative cost of production, rather relying only on its own production. It has been termed a "fundamental analytical explanation" for gains from trade . Coming at the end of the classical tradition, John Stuart Mill (1848) parted company with the earlier classical economists on the inevitability of the distribution of income produced by the market system. Mill pointed to a distinct difference between

1420-449: A more comprehensive theory of costs on the supply side. In the 20th century, neoclassical theorists departed from an earlier idea that suggested measuring total utility for a society, opting instead for ordinal utility , which posits behaviour-based relations across individuals. In microeconomics , neoclassical economics represents incentives and costs as playing a pervasive role in shaping decision making . An immediate example of this

1562-460: A more important role in mainstream economic theory. Also, heterogeneity among the economic agents, e.g. differences in income, plays an increasing role in recent economic research. Other schools or trends of thought referring to a particular style of economics practised at and disseminated from well-defined groups of academicians that have become known worldwide, include the Freiburg School ,

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1704-563: A network aimed at helping people to take action in response to the crisis. The 500 member online network is updated periodically and provides information on people can be involved and provide assistance to the Haitian population. On 14 November 2014, the ensemble announced plans to release a full-length album entitled HOME . Scheduled for release via iTunes on 2 December 2014, the albums features songs from prominent artists such as Elle Varner , Ne-Yo and Crystal Waters . The first single from

1846-642: A number of locations in the United States. In 1863, during the American Civil War , President Abraham Lincoln signed the Emancipation Proclamation . The proclamation declared that all slaves in Confederate-held territory were free. Advancing Union troops enforced the proclamation, with Texas being the last state to be emancipated, in 1865. Slavery in a few border states continued until

1988-499: A pageant illuminating the tyranny of White supremacy ". The state of Mississippi tried two defendants, but they were speedily acquitted by an all-White jury . One hundred days after Emmett Till's murder, Rosa Parks refused to give up her seat on the bus in Alabama—indeed, Parks told Emmett's mother Mamie Till that "the photograph of Emmett's disfigured face in the casket was set in her mind when she refused to give up her seat on

2130-727: A process known as White flight . Despite discrimination, drawing cards for leaving the hopelessness in the South were the growth of African American institutions and communities in Northern cities. Institutions included Black oriented organizations (e.g., Urban League , NAACP ), churches, businesses, and newspapers, as well as successes in the development in African American intellectual culture, music, and popular culture (e.g., Harlem Renaissance , Chicago Black Renaissance ). The Cotton Club in Harlem

2272-586: A proportion of the value their work had created. Marxian economics was further developed by Karl Kautsky (1854–1938)'s The Economic Doctrines of Karl Marx and The Class Struggle (Erfurt Program) , Rudolf Hilferding 's (1877–1941) Finance Capital , Vladimir Lenin (1870–1924)'s The Development of Capitalism in Russia and Imperialism, the Highest Stage of Capitalism , and Rosa Luxemburg (1871–1919)'s The Accumulation of Capital . At its inception as

2414-409: A rapidly growing population against a limited amount of land meant diminishing returns to labour. The result, he claimed, was chronically low wages, which prevented the standard of living for most of the population from rising above the subsistence level. Economist Julian Simon has criticised Malthus's conclusions. While Adam Smith emphasised production and income, David Ricardo (1817) focused on

2556-469: A set of stable preferences, a definite overall guiding objective, and the capability of making a choice. There exists an economic problem, subject to study by economic science, when a decision (choice) is made by one or more players to attain the best possible outcome. Keynesian economics derives from John Maynard Keynes , in particular his book The General Theory of Employment, Interest and Money (1936), which ushered in contemporary macroeconomics as

2698-409: A single tax on income of land owners. In reaction against copious mercantilist trade regulations, the physiocrats advocated a policy of laissez-faire , which called for minimal government intervention in the economy. Adam Smith (1723–1790) was an early economic theorist. Smith was harshly critical of the mercantilists but described the physiocratic system "with all its imperfections" as "perhaps

2840-425: A small cash payment called "freedom dues". Africans could legally raise crops and cattle to purchase their freedom. They raised families, married other Africans and sometimes intermarried with Native Americans or European settlers . By the 1640s and 1650s, several African families owned farms around Jamestown , and some became wealthy by colonial standards and purchased indentured servants of their own. In 1640,

2982-452: A social science, economics was defined and discussed at length as the study of production, distribution, and consumption of wealth by Jean-Baptiste Say in his Treatise on Political Economy or, The Production, Distribution, and Consumption of Wealth (1803). These three items were considered only in relation to the increase or diminution of wealth, and not in reference to their processes of execution. Say's definition has survived in part up to

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3124-435: A sought after end). Some subsequent comments criticised the definition as overly broad in failing to limit its subject matter to analysis of markets. From the 1960s, however, such comments abated as the economic theory of maximizing behaviour and rational-choice modelling expanded the domain of the subject to areas previously treated in other fields. There are other criticisms as well, such as in scarcity not accounting for

3266-442: A synthesis emerged by the 2000s, often given the name the new neoclassical synthesis . It integrated the rational expectations and optimizing framework of the new classical theory with a new Keynesian role for nominal rigidities and other market imperfections like imperfect information in goods, labour and credit markets. The monetarist importance of monetary policy in stabilizing the economy and in particular controlling inflation

3408-423: A year, compared with 41 percent in 1960. In 1965, 19 percent of Black Americans had incomes equal to the national median, a proportion that rose to 27 percent by 1967. In 1960, the median level of education for Blacks had been 10.8 years, and by the late 1960s, the figure rose to 12.2 years, half a year behind the median for Whites. Politically and economically, African Americans have made substantial strides during

3550-421: Is a term for the "way (nomos) to run a household (oikos)", or in other words the know-how of an οἰκονομικός ( oikonomikos ), or "household or homestead manager". Derived terms such as "economy" can therefore often mean "frugal" or "thrifty". By extension then, "political economy" was the way to manage a polis or state. There are a variety of modern definitions of economics ; some reflect evolving views of

3692-438: Is also applied to such diverse subjects as crime , education , the family , feminism , law , philosophy , politics , religion , social institutions , war , science , and the environment . The earlier term for the discipline was "political economy", but since the late 19th century, it has commonly been called "economics". The term is ultimately derived from Ancient Greek οἰκονομία ( oikonomia ) which

3834-413: Is promoting it. By preferring the support of domestic to that of foreign industry, he intends only his own security; and by directing that industry in such a manner as its produce may be of the greatest value, he intends only his own gain, and he is in this, as in many other cases, led by an invisible hand to promote an end which was no part of his intention. Nor is it always the worse for the society that it

3976-598: Is the consumer theory of individual demand, which isolates how prices (as costs) and income affect quantity demanded. In macroeconomics it is reflected in an early and lasting neoclassical synthesis with Keynesian macroeconomics. Neoclassical economics is occasionally referred as orthodox economics whether by its critics or sympathisers. Modern mainstream economics builds on neoclassical economics but with many refinements that either supplement or generalise earlier analysis, such as econometrics , game theory , analysis of market failure and imperfect competition , and

4118-607: Is viewed as basic elements within economies , including individual agents and markets , their interactions, and the outcomes of interactions. Individual agents may include, for example, households, firms, buyers, and sellers. Macroeconomics analyses economies as systems where production, distribution, consumption, savings , and investment expenditure interact, and factors affecting it: factors of production , such as labour , capital , land , and enterprise , inflation , economic growth , and public policies that have impact on these elements . It also seeks to analyse and describe

4260-554: The American South , with four million enslaved people only liberated during and at the end of the Civil War in 1865. During Reconstruction , they gained citizenship and adult-males the right to vote ; however, due to the widespread policy and ideology of White supremacy , they were largely treated as second-class citizens and found themselves soon disenfranchised in the South . These circumstances changed due to participation in

4402-502: The Black racial groups of Africa . African Americans constitute the second largest ethno-racial group in the US after White Americans . The term "African American" generally denotes descendants of Africans enslaved in the United States . Most African Americans are descendants of enslaved people within the boundaries of the present United States. While some Black immigrants or their children may also come to identify as African American,

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4544-673: The Civil War , eight serving presidents had owned slaves, a practice that was legally protected under the US Constitution. By 1860, the number of enslaved Black people in the US had grown to between 3.5 to 4.4 million, largely as a result of the Atlantic slave trade . In addition, 488,000–500,000 Black people lived free (with legislated limits) across the country. With legislated limits imposed upon them in addition to "unconquerable prejudice" from Whites according to Henry Clay . In response to these conditions, some free Black people chose to leave

4686-717: The Great Awakening . By 1775, Africans made up 20% of the population in the American colonies , which made them the second largest ethnic group after English Americans . During the 1770s, Africans, both enslaved and free, helped rebellious American colonists secure their independence by defeating the British in the American Revolutionary War . Blacks played a role in both sides in the American Revolution. Activists in

4828-589: The Irish and Germans . According to the 2010 census , nearly 3% of people who self-identified as Black had recent ancestors who immigrated from another country. Self-reported non-Hispanic Black immigrants from the Caribbean , mostly from Jamaica and Haiti, represented 0.9% of the US population, at 2.6 million. Self-reported Black immigrants from sub-Saharan Africa also represented 0.9%, at about 2.8 million. Additionally, self-identified Black Hispanics represented 0.4% of

4970-702: The School of Lausanne , the Stockholm school and the Chicago school of economics . During the 1970s and 1980s mainstream economics was sometimes separated into the Saltwater approach of those universities along the Eastern and Western coasts of the US, and the Freshwater, or Chicago school approach. Within macroeconomics there is, in general order of their historical appearance in

5112-645: The United States Environmental Protection Agency to advocate for sustainable energy in the U.S. On November 7, 2005, Rev. Yearwood led the first post- Hurricane Katrina march in Gretna, Louisiana to protest the alleged racial profiling of survivors. The march attracted 150 participants, including many displaced residents. As a result of this effort, police officers were convicted of denying human rights to African-American families displaced by Hurricane Katrina. The Hip Hop Caucus implemented

5254-656: The Western states. The west does have a sizable Black population in certain areas, however. California, the nation's most populous state, has the fifth largest African American population, only behind New York, Texas, Georgia, and Florida. According to the 2000 census, approximately 2.05% of African Americans identified as Hispanic or Latino in origin , many of whom may be of Brazilian , Puerto Rican , Dominican , Cuban , Haitian , or other Latin American descent. The only self-reported ancestral groups larger than African Americans are

5396-479: The Winyah Bay area of present-day South Carolina ), founded by Spanish explorer Lucas Vázquez de Ayllón in 1526. The ill-fated colony was almost immediately disrupted by a fight over leadership, during which the slaves revolted and fled the colony to seek refuge among local Native Americans . De Ayllón and many of the colonists died shortly afterward, due to an epidemic and the colony was abandoned. The settlers and

5538-446: The colony of Georgia to come to Florida as a refuge, promising freedom in exchange for conversion to Catholicism . King Charles II issued a royal proclamation freeing all slaves who fled to Spanish Florida and accepted conversion and baptism. Most went to the area around St. Augustine , but escaped slaves also reached Pensacola. St. Augustine had mustered an all-Black militia unit defending Spanish Florida as early as 1683. One of

5680-433: The macroeconomics of high unemployment. Gary Becker , a contributor to the expansion of economics into new areas, described the approach he favoured as "combin[ing the] assumptions of maximizing behaviour, stable preferences , and market equilibrium , used relentlessly and unflinchingly." One commentary characterises the remark as making economics an approach rather than a subject matter but with great specificity as to

5822-425: The military conflicts of the United States , substantial migration out of the South , the elimination of legal racial segregation , and the civil rights movement which sought political and social freedom. However, racism against African Americans and racial socioeconomic disparity remain a problem into the 21st century. In the 20th and 21st centuries, immigration has played an increasingly significant role in

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5964-467: The neoclassical model of economic growth for analysing long-run variables affecting national income . Neoclassical economics studies the behaviour of individuals , households , and organisations (called economic actors, players, or agents), when they manage or use scarce resources, which have alternative uses, to achieve desired ends. Agents are assumed to act rationally, have multiple desirable ends in sight, limited resources to obtain these ends,

6106-415: The societal to the microeconomic level: Economics is a study of man in the ordinary business of life. It enquires how he gets his income and how he uses it. Thus, it is on the one side, the study of wealth and on the other and more important side, a part of the study of man. Lionel Robbins (1932) developed implications of what has been termed "[p]erhaps the most commonly accepted current definition of

6248-543: The transatlantic slave trade were people from several Central and West Africa ethnic groups. They had been captured directly by the slave traders in coastal raids, or sold by other West Africans, or by half-European "merchant princes" to European slave traders, who brought them to the Americas. The first African slaves arrived via Santo Domingo in the Caribbean to the San Miguel de Gualdape colony (most likely located in

6390-593: The "Make Hip-Hop Not War" campaign in 2007 aiming to promote activism in the anti-war movement for young people. The Hip Hop Caucus along with hip-hop artists and Iraq War veterans, campaigned in 16 cities through a national bus tour. The tour consisted of rallies and round table discussions , intended to inform young people about the war in Afghanistan and the Iraq War, and to encourage them to speak out against war. This campaign also worked to lobby Congress to stop funding

6532-400: The "choice process and the type of social interaction that [such] analysis involves." The same source reviews a range of definitions included in principles of economics textbooks and concludes that the lack of agreement need not affect the subject-matter that the texts treat. Among economists more generally, it argues that a particular definition presented may reflect the direction toward which

6674-429: The 1790s, Governor Francisco Luis Héctor, baron of Carondelet reinforced local fortifications and recruit even more free Black men for the militia. Carondelet doubled the number of free Black men who served, creating two more militia companies—one made up of Black members and the other of pardo (mixed race). Serving in the militia brought free Black men one step closer to equality with Whites, allowing them, for example,

6816-629: The 1900 Hampton Negro Conference , Reverend Matthew Anderson said: "...the lines along most of the avenues of wage earning are more rigidly drawn in the North than in the South." Within the housing market, stronger discriminatory measures were used in correlation to the influx, resulting in a mix of "targeted violence, restrictive covenants , redlining and racial steering ". While many Whites defended their space with violence, intimidation, or legal tactics toward African Americans, many other Whites migrated to more racially homogeneous suburban or exurban regions,

6958-486: The 1970s and 1980s, when several major central banks followed a monetarist-inspired policy, but was later abandoned because the results were unsatisfactory. A more fundamental challenge to the prevailing Keynesian paradigm came in the 1970s from new classical economists like Robert Lucas , Thomas Sargent and Edward Prescott . They introduced the notion of rational expectations in economics, which had profound implications for many economic discussions, among which were

7100-483: The 2008 general elections The Respect My Vote! campaign traveled to 20 cities on the “Respect My Vote! Get Out The Vote Bus Tour” to encourage voting by distributing pledge cards and having celebrities discuss the value of voting. The tour included the largest ever Get Out the Vote Rally at Florida A&M University . Green 2 Live aims to raise awareness within low-income communities of color about what they believe to be

7242-663: The African slave trade, Spanish rule introduced a new law called coartación , which allowed slaves to buy their freedom, and that of others. Although some did not have the money to do so, government measures on slavery enabled the existence of many free Blacks. This caused problems to the Spaniards with the French creoles (French who had settled in New France ) who had also populated Spanish Louisiana. The French creoles cited that measure as one of

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7384-556: The African-American community. As of 2022, 10% of Black Americans were immigrants, and 20% were either immigrants or the children of immigrants. In 2008, Barack Obama became the first, and so far only, African American to be elected president of the United States. Kamala Harris became the nation's first African-American vice president in 2020. African-American culture has had a significant influence on worldwide culture, making numerous contributions to visual arts , literature ,

7526-503: The American Revolution. They fought in the 1779 battle in which Spain captured Baton Rouge from the British. Gálvez also commanded them in campaigns against the British outposts in Mobile , Alabama , and Pensacola , Florida. He recruited slaves for the militia by pledging to free anyone who was seriously wounded and promised to secure a low price for coartación (buy their freedom and that of others) for those who received lesser wounds. During

7668-689: The Atlantic to the Western Hemisphere . After arriving in the Americas , they were sold as slaves to European colonists and put to work on plantations , particularly in the southern colonies . A few were able to achieve freedom through manumission or escape, and founded independent communities before and during the American Revolution . After the United States was founded in 1783, most Black people continued to be enslaved , primarily concentrated in

7810-537: The Block has helped organize over 100 community service projects in cities around the U.S. including Memphis, Tennessee , Oakland, California , Washington, D.C. , and Miami. The campaign hosted a 16-city "Campus Consciousness Tour" featuring hip-hop artist Drake to encourage college students to join sustainable energy efforts. Launched in 2010 as a joint campaign between the National Conference of Black Mayors and

7952-402: The Block" is a national campaign and coalition created by the Hip Hop Caucus and Green For All . This campaign is aimed at promoting activism for sustainable energy in low-income communities of color. The campaign, which was launched at the White House on President Barack Obama 's birthday (August 4, 2009), aims to educate and encourage people to take better care of the environment. Green

8094-474: The Dutch African arrivals, Anthony Johnson , would later own one of the first Black "slaves", John Casor , resulting from the court ruling of a civil case. The popular conception of a race-based slave system did not fully develop until the 18th century. The Dutch West India Company introduced slavery in 1625 with the importation of eleven Black slaves into New Amsterdam (present-day New York City ). All

8236-503: The English language, philosophy , politics, cuisine , sports , and music . The African-American contribution to popular music is so profound that most American music , including jazz , gospel , blues , rock and roll , funk , disco , house , techno , hip hop , R&B , trap , and soul , has its origins either partially or entirely in the African-American community. The vast majority of those who were enslaved and transported in

8378-638: The Gulf Coast Renewal Campaign, an annual award given by the Institute for Policy Studies to those helping to advance human rights. Fifteen months after Hurricane Katrina, the Hip Hop Caucus hosted the "Stop the Violence" town hall meeting at McDonogh No. 35 Senior High School in New Orleans, LA. Hip-Hop artists and community activists gathered with youth, parents and other citizens, aiming to address

8520-615: The Gulf Coast Renewal campaign after the disaster of Hurricane Katrina. The campaign focused on the affected areas of the Gulf Coast including Louisiana , Mississippi , and Alabama . Rev. Yearwood and the Hip Hop Caucus organized partnerships with national and grassroots organizations to advocate for the rights of Hurricane Katrina survivors. After public mobilization, two marches in Washington, DC, testimony to Congress and other work by

8662-721: The Hip Hop Caucus Education Fund, Green the City works with African American mayors and city residents to promote activism for sustainable energy. June 28–30, 2010 the Hip Hop Caucus Education Fund and the National Conference of Black Mayors hosted the "Green the City Advocacy Summit" that brought 25 mayors to Washington, DC, to attend a "Green the City" campaign and to meet with members of the United States Congress , Obama administration officials, and heads of

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8804-460: The Hip Hop Caucus and the hip hop artist T.I. launched the "Respect My Vote" youth voting campaign. There was a higher number of young voters at the 2008 election, subsequent to higher turnout seen in 2004 and 2006. Analysis of the 2008 electorate showed that while overall numbers of voters did not increase as dramatically as expected, the composition of the electorate was notably different, with increased participation seen among minority youth voters,

8946-619: The Hip Hop Caucus began to address the issues of violence, alleged police brutality, and hate crimes . On November 17, 2007, the Hip Hop Caucus organized a rally called "Enough is Enough, Stop Police Brutality and Hate Crimes" on the National Mall in Washington, D.C. This rally aimed to bring attention to the cases of Sean Bell , Megan Williams , Martin Lee Anderson , Deonte Rawlings and other young African-American victims of alleged police brutality and hate crimes. The Hip Hop Caucus launched

9088-657: The Hip Hop Caucus' target demographic. The Hip Hop Caucus' Respect My Vote! Campaign, along with Radio One registered more than 30,000 voters during its national “One Vote Day” voter registration drive on September 30, 2008. Sixteen cities across the country participated in events aimed at mass voter registration. Radio One stations broadcast live from central locations in each of the participating cities urging unregistered voters to attend their local registration site to register onsite. Artists such as Nelly and Raheem DeVaughn helped draw large crowds to registration stations, allowing Hip Hop Caucus volunteers to register voters. During

9230-451: The Jim Crow laws, to avoid racially motivated violence . To maintain self-esteem and dignity, African Americans such as Anthony Overton and Mary McLeod Bethune continued to build their own schools , churches , banks, social clubs, and other businesses. In the last decade of the 19th century, racially discriminatory laws and racial violence aimed at African Americans began to mushroom in

9372-725: The Montgomery bus." The March on Washington for Jobs and Freedom and the conditions which brought it into being are credited with putting pressure on presidents John F. Kennedy and Lyndon B. Johnson . Johnson put his support behind passage of the Civil Rights Act of 1964 that banned discrimination in public accommodations, employment, and labor unions , and the Voting Rights Act of 1965, which expanded federal authority over states to ensure Black political participation through protection of voter registration and elections. By 1966,

9514-736: The Patriot cause included James Armistead , Prince Whipple , and Oliver Cromwell . Around 15,000 Black Loyalists left with the British after the war, most of them ending up as free Black people in England or its colonies, such as the Black Nova Scotians and the Sierra Leone Creole people . In the Spanish Louisiana , Governor Bernardo de Gálvez organized Spanish free Black men into two militia companies to defend New Orleans during

9656-534: The South sparked the Great Migration during the first half of the 20th century which led to a growing African American community in Northern and Western United States. The rapid influx of Blacks disturbed the racial balance within Northern and Western cities, exacerbating hostility between both Blacks and Whites in the two regions. The Red Summer of 1919 was marked by hundreds of deaths and higher casualties across

9798-513: The US Census Bureau, evidence from the 2000 census indicates that many African and Caribbean immigrant ethnic groups do not identify as "Black, African Am., or Negro". Instead, they wrote in their own respective ethnic groups in the "Some Other Race" write-in entry. As a result, the census bureau devised a new, separate "African American" ethnic group category in 2010 for ethnic African Americans. Nigerian Americans and Ethiopian Americans were

9940-636: The US and emigrate to Liberia in West Africa. Liberia had been established in 1821 as a settlement by the American Colonization Society (ACS), with many abolitionist members of the ACS believing Black Americans would have greater opportunities for freedom and equality in Africa than they would in the US. Slaves not only represented a significant financial investment for their owners, but they also played

10082-448: The US as a result of race riots that occurred in more than three dozen cities, such as the Chicago race riot of 1919 and the Omaha race riot of 1919 . Overall, Blacks in Northern and Western cities experienced systemic discrimination in a plethora of aspects of life. Within employment, economic opportunities for Blacks were routed to the lowest-status and restrictive in potential mobility. At

10224-407: The US. As a result of this large-scale forced movement, countless individuals lost their connection to families and clans, and many ethnic Africans lost their knowledge of varying tribal origins in Africa. The 1863 photograph of Wilson Chinn , a branded slave from Louisiana, along with the famous image of Gordon and his scarred back, served as two of the earliest and most powerful examples of how

10366-423: The United States . In June 2021, Juneteenth , a day which commemorates the end of slavery in the US, became a federal holiday. In 1790, when the first US census was taken, Africans (including slaves and free people) numbered about 760,000—about 19.3% of the population. In 1860, at the start of the Civil War , the African American population had increased to 4.4 million, but the percentage rate dropped to 14% of

10508-471: The United States population, at about 1.2 million people, largely found within the Puerto Rican and Dominican communities. Self-reported Black immigrants hailing from other countries in the Americas, such as Brazil and Canada, as well as several European countries, represented less than 0.1% of the population. Mixed-race Hispanic and non-Hispanic Americans who identified as being part Black, represented 0.9% of

10650-748: The United States, a period often referred to as the " nadir of American race relations ". These discriminatory acts included racial segregation—upheld by the United States Supreme Court decision in Plessy v. Ferguson in 1896—which was legally mandated by southern states and nationwide at the local level of government, voter suppression or disenfranchisement in the southern states, denial of economic opportunity or resources nationwide, and private acts of violence and mass racial violence aimed at African Americans unhindered or encouraged by government authorities. The desperate conditions of African Americans in

10792-690: The United States, continuing to flourish until the 1860s. Historians estimate that nearly one million individuals were subjected to this forced migration, which was often referred to as a new "Middle Passage". The historian Ira Berlin described this internal forced migration of enslaved people as the "central event" in the life of a slave during the period between the American Revolution and the Civil War. Berlin emphasized that whether enslaved individuals were directly uprooted or lived in constant fear that they or their families would be involuntarily relocated, "the massive deportation traumatized Black people" throughout

10934-514: The Virginia General Court recorded the earliest documentation of lifetime slavery when they sentenced John Punch , a Negro, to lifetime servitude under his master Hugh Gwyn , for running away. In Spanish Florida , some Spanish married or had unions with Pensacola , Creek or African women, both enslaved and free, and their descendants created a mixed-race population of mestizos and mulattos . The Spanish encouraged slaves from

11076-431: The album, " Mercy Mercy Me " by recording artist Antonique Smith has been released. Economics Economics ( / ˌ ɛ k ə ˈ n ɒ m ɪ k s , ˌ iː k ə -/ ) is a social science that studies the production , distribution , and consumption of goods and services . Economics focuses on the behaviour and interactions of economic agents and how economies work. Microeconomics analyses what

11218-407: The analysis of wealth: how wealth is created (production), distributed, and consumed; and how wealth can grow. But he said that economics can be used to study other things, such as war, that are outside its usual focus. This is because war has as the goal winning it (as a sought after end ), generates both cost and benefits; and, resources (human life and other costs) are used to attain the goal. If

11360-479: The area of inquiry or object of inquiry rather than the methodology. In the biology department, it is not said that all biology should be studied with DNA analysis. People study living organisms in many different ways, so some people will perform DNA analysis, others might analyse anatomy, and still others might build game theoretic models of animal behaviour. But they are all called biology because they all study living organisms. According to Ha Joon Chang, this view that

11502-443: The author believes economics is evolving, or should evolve. Many economists including nobel prize winners James M. Buchanan and Ronald Coase reject the method-based definition of Robbins and continue to prefer definitions like those of Say, in terms of its subject matter. Ha-Joon Chang has for example argued that the definition of Robbins would make economics very peculiar because all other sciences define themselves in terms of

11644-517: The colonies. Physiocrats , a group of 18th-century French thinkers and writers, developed the idea of the economy as a circular flow of income and output. Physiocrats believed that only agricultural production generated a clear surplus over cost, so that agriculture was the basis of all wealth. Thus, they opposed the mercantilist policy of promoting manufacturing and trade at the expense of agriculture, including import tariffs. Physiocrats advocated replacing administratively costly tax collections with

11786-430: The colony's slaves, however, were freed upon its surrender to the English. Massachusetts was the first English colony to legally recognize slavery in 1641. In 1662, Virginia passed a law that children of enslaved women would take the status of the mother, rather than that of the father, as was the case under common law . This legal principle was called partus sequitur ventrum . By an act of 1699, Virginia ordered

11928-428: The deportation of all free Blacks, effectively defining all people of African descent who remained in the colony as slaves. In 1670, the colonial assembly passed a law prohibiting free and baptized Blacks (and Native Americans) from purchasing Christians (in this act meaning White Europeans) but allowing them to buy people "of their owne nation". In Spanish Louisiana , although there was no movement toward abolition of

12070-488: The design of modern monetary policy and are now standard workhorses in most central banks. After the 2007–2008 financial crisis , macroeconomic research has put greater emphasis on understanding and integrating the financial system into models of the general economy and shedding light on the ways in which problems in the financial sector can turn into major macroeconomic recessions. In this and other research branches, inspiration from behavioural economics has started playing

12212-506: The distribution of income among landowners, workers, and capitalists. Ricardo saw an inherent conflict between landowners on the one hand and labour and capital on the other. He posited that the growth of population and capital, pressing against a fixed supply of land, pushes up rents and holds down wages and profits. Ricardo was also the first to state and prove the principle of comparative advantage , according to which each country should specialise in producing and exporting goods in that it has

12354-464: The economy can and should be studied in only one way (for example by studying only rational choices), and going even one step further and basically redefining economics as a theory of everything, is peculiar. Questions regarding distribution of resources are found throughout the writings of the Boeotian poet Hesiod and several economic historians have described Hesiod as the "first economist". However,

12496-533: The emergence of the Black Power movement, which lasted from 1966 to 1975, expanded upon the aims of the civil rights movement to include economic and political self-sufficiency, and freedom from White authority. During the post-war period, many African Americans continued to be economically disadvantaged relative to other Americans. Average Black income stood at 54 percent of that of White workers in 1947, and 55 percent in 1962. In 1959, median family income for Whites

12638-674: The first large-scale macroeconometric model , applying the Keynesian thinking systematically to the US economy . Immediately after World War II, Keynesian was the dominant economic view of the United States establishment and its allies, Marxian economics was the dominant economic view of the Soviet Union nomenklatura and its allies. Monetarism appeared in the 1950s and 1960s, its intellectual leader being Milton Friedman . Monetarists contended that monetary policy and other monetary shocks, as represented by

12780-531: The first African American woman elected to the US Senate . There were 8,936 Black officeholders in the United States in 2000, showing a net increase of 7,467 since 1970. In 2001, there were 484 Black mayors. In 2005, the number of Africans immigrating to the United States, in a single year, surpassed the peak number who were involuntarily brought to the United States during the Atlantic slave trade . On November 4, 2008, Democratic Senator Barack Obama —the son of

12922-536: The following decades, many economists followed Keynes' ideas and expanded on his works. John Hicks and Alvin Hansen developed the IS–LM model which was a simple formalisation of some of Keynes' insights on the economy's short-run equilibrium. Franco Modigliani and James Tobin developed important theories of private consumption and investment , respectively, two major components of aggregate demand . Lawrence Klein built

13064-561: The future United States) were "20 and odd negroes" who arrived in Jamestown , Virginia via Cape Comfort in August 1619 as indentured servants . As many Virginian settlers began to die from harsh conditions, more and more Africans were brought to work as laborers. An indentured servant (who could be White or Black) would work for several years (usually four to seven) without wages. The status of indentured servants in early Virginia and Maryland

13206-509: The global economy . Other broad distinctions within economics include those between positive economics , describing "what is", and normative economics , advocating "what ought to be"; between economic theory and applied economics ; between rational and behavioural economics ; and between mainstream economics and heterodox economics . Economic analysis can be applied throughout society, including business , finance , cybersecurity , health care , engineering and government . It

13348-584: The group, the Federal Emergency Management Agency ceased preemptive temporary housing evictions of Katrina Survivors. To continue addressing the issue of displaced citizens in New Orleans and Iraq, due to the war the "We Care" concert was organized with Amnesty International . In 2005 the Institute for Policy Studies awarded the Hip Hop Caucus their Letelier-Moffitt Human Rights Award for

13490-424: The growth in the money stock, was an important cause of economic fluctuations, and consequently that monetary policy was more important than fiscal policy for purposes of stabilisation . Friedman was also skeptical about the ability of central banks to conduct a sensible active monetary policy in practice, advocating instead using simple rules such as a steady rate of money growth. Monetarism rose to prominence in

13632-524: The impacts of climate change on their communities, and train leaders in sustainable energy activism, for which the Hip Hop Caucus created "Green the City" and "Green the Block" campaigns. Events have included the "Hip Hop Caucus Clean Energy Now Tour", with the Alliance for Climate Protection and the "Historically Black College and University Tour" with the National Wildlife Federation "Green

13774-463: The importance of various market failures for the functioning of the economy, as had Keynes. Not least, they proposed various reasons that potentially explained the empirically observed features of price and wage rigidity , usually made to be endogenous features of the models, rather than simply assumed as in older Keynesian-style ones. After decades of often heated discussions between Keynesians, monetarists, new classical and new Keynesian economists,

13916-412: The issue of gun violence in the city. Panelists included rappers Doug E. Fresh , Slim Thug and many local rappers, along with President Kenneth Barnes Sr. of ROOT Inc. (Reaching Out to Others Together), community activist Ronald Coleman, and Councilmen James Carter. Audience members and panelists discussed possible steps to be taken to put an end to the violence in the streets of New Orleans. In 2007,

14058-458: The literature; classical economics , neoclassical economics , Keynesian economics , the neoclassical synthesis , monetarism , new classical economics , New Keynesian economics and the new neoclassical synthesis . African American African Americans , also known as Black Americans , formerly also called Afro-Americans , are an American racial or ethnic group consisting of Americans with partial or total ancestry from any of

14200-443: The majority of first-generation immigrants do not, preferring to identify with their nation of origin. Most African Americans are of West African and coastal Central African ancestry, with varying amounts of Western European and Native American ancestry. African-American history began in the 16th century, with Africans from West Africa and coastal Central Africa being sold to European slave traders and transported across

14342-449: The market's two roles: allocation of resources and distribution of income. The market might be efficient in allocating resources but not in distributing income, he wrote, making it necessary for society to intervene. Value theory was important in classical theory. Smith wrote that the "real price of every thing ... is the toil and trouble of acquiring it". Smith maintained that, with rent and profit, other costs besides wages also enter

14484-437: The most famous passages in all economics," Smith represents every individual as trying to employ any capital they might command for their own advantage, not that of the society, and for the sake of profit, which is necessary at some level for employing capital in domestic industry, and positively related to the value of produce. In this: He generally, indeed, neither intends to promote the public interest, nor knows how much he

14626-489: The most reported sub-Saharan African groups in the United States. Historically, African Americans have been undercounted in the US census due to a number of factors. In the 2020 census, the African American population was undercounted at an estimated rate of 3.3%, up from 2.1% in 2010. Texas has the largest African American population by state. Followed by Texas is Florida , with 3.8 million, and Georgia , with 3.6 million. After 100 years of African Americans leaving

14768-458: The newborn medium of photography could be used to visually document and encapsulate the brutality and cruelty of slavery. Emigration of free Blacks to their continent of origin had been proposed since the Revolutionary war. After Haiti became independent, it tried to recruit African Americans to migrate there after it re-established trade relations with the United States. The Haitian Union was

14910-451: The overall White vote, although he won a larger proportion of White votes than any previous non-incumbent Democratic presidential candidate since Jimmy Carter . Obama was reelected for a second and final term , by a similar margin on November 6, 2012. In 2021, Kamala Harris , the daughter of a Jamaican father and Indian mother, became the first woman, the first African American, and the first Asian American to serve as Vice President of

15052-417: The overall population of the country. The vast majority were slaves, with only 488,000 counted as " freemen ". By 1900, the Black population had doubled and reached 8.8 million. In 1910, about 90% of African Americans lived in the South. Large numbers began migrating north looking for better job opportunities and living conditions, and to escape Jim Crow laws and racial violence. The Great Migration , as it

15194-503: The pessimistic analysis of Malthus (1798). John Stuart Mill (1844) delimited the subject matter further: The science which traces the laws of such of the phenomena of society as arise from the combined operations of mankind for the production of wealth, in so far as those phenomena are not modified by the pursuit of any other object. Alfred Marshall provided a still widely cited definition in his textbook Principles of Economics (1890) that extended analysis beyond wealth and from

15336-452: The population. Of the 12.6% of United States residents who identified as Black, around 10.3% were "native Black American" or ethnic African Americans, who are direct descendants of West/Central Africans brought to the US as slaves. These individuals make up well over 80% of all Blacks in the country. When including people of mixed-race origin , about 13.5% of the US population self-identified as Black or "mixed with Black". However, according to

15478-509: The post-war Reconstruction era was initially a time of progress for African Americans, that period ended in 1876. By the late 1890s, Southern states enacted Jim Crow laws to enforce racial segregation and disenfranchisement . Segregation was now imposed with Jim Crow laws, using signs used to show Blacks where they could legally walk, talk, drink, rest, or eat. For those places that were racially mixed, non-Whites had to wait until all White customers were dealt with. Most African Americans obeyed

15620-504: The post–civil rights era. In 1967, Thurgood Marshall became the first African American Supreme Court Justice. In 1968, Shirley Chisholm became the first Black woman elected to the US Congress . In 1989, Douglas Wilder became the first African American elected governor in US history. Clarence Thomas succeeded Marshall to become the second African American Supreme Court Justice in 1991. In 1992, Carol Moseley-Braun of Illinois became

15762-483: The present, modified by substituting the word "wealth" for "goods and services" meaning that wealth may include non-material objects as well. One hundred and thirty years later, Lionel Robbins noticed that this definition no longer sufficed, because many economists were making theoretical and philosophical inroads in other areas of human activity. In his Essay on the Nature and Significance of Economic Science , he proposed

15904-409: The price of a commodity. Other classical economists presented variations on Smith, termed the ' labour theory of value '. Classical economics focused on the tendency of any market economy to settle in a final stationary state made up of a constant stock of physical wealth (capital) and a constant population size . Marxist (later, Marxian) economics descends from classical economics and it derives from

16046-429: The purest approximation to the truth that has yet been published" on the subject. The publication of Adam Smith 's The Wealth of Nations in 1776, has been described as "the effective birth of economics as a separate discipline." The book identified land, labour, and capital as the three factors of production and the major contributors to a nation's wealth, as distinct from the physiocratic idea that only agriculture

16188-620: The ratification of the Thirteenth Amendment in December 1865. While the Naturalization Act of 1790 limited US citizenship to Whites only, the 14th Amendment (1868) gave Black people citizenship, and the 15th Amendment (1870) gave Black men the right to vote. African Americans quickly set up congregations for themselves, as well as schools and community/civic associations, to have space away from White control or oversight. While

16330-461: The right to carry arms and boosting their earning power. However, actually these privileges distanced free Black men from enslaved Blacks and encouraged them to identify with Whites. Slavery had been tacitly enshrined in the US Constitution through provisions such as Article I, Section 2, Clause 3, commonly known as the 3/5 compromise . Due to the restrictions of Section 9, Clause 1 , Congress

16472-412: The scope and method of economics, emanating from that definition. A body of theory later termed "neoclassical economics" formed from about 1870 to 1910. The term "economics" was popularised by such neoclassical economists as Alfred Marshall and Mary Paley Marshall as a concise synonym for "economic science" and a substitute for the earlier " political economy ". This corresponded to the influence on

16614-606: The slaves who had not escaped returned to the Island of Hispaniola , whence they had come. The marriage between Luisa de Abrego, a free Black domestic servant from Seville , and Miguel Rodríguez, a White Segovian conquistador in 1565 in St. Augustine (Spanish Florida), is the first known and recorded Christian marriage anywhere in what is now the continental United States. The first recorded Africans in English America (including most of

16756-486: The so-called Lucas critique and the presentation of real business cycle models . During the 1980s, a group of researchers appeared being called New Keynesian economists , including among others George Akerlof , Janet Yellen , Gregory Mankiw and Olivier Blanchard . They adopted the principle of rational expectations and other monetarist or new classical ideas such as building upon models employing micro foundations and optimizing behaviour, but simultaneously emphasised

16898-444: The source of the word economy. Joseph Schumpeter described 16th and 17th century scholastic writers, including Tomás de Mercado , Luis de Molina , and Juan de Lugo , as "coming nearer than any other group to being the 'founders' of scientific economics" as to monetary , interest , and value theory within a natural-law perspective. Two groups, who later were called "mercantilists" and "physiocrats", more directly influenced

17040-664: The south in large numbers seeking better opportunities and treatment in the west and north, a movement known as the Great Migration , there is now a reverse trend, called the New Great Migration . As with the earlier Great Migration, the New Great Migration is primarily directed toward cities and large urban areas, such as Charlotte , Houston , Dallas , Fort Worth , Huntsville , Raleigh , Tampa , San Antonio , New Orleans , Memphis , Nashville , Jacksonville , and so forth. A growing percentage of African Americans from

17182-406: The state or commonwealth with a revenue for the publick services. Jean-Baptiste Say (1803), distinguishing the subject matter from its public-policy uses, defined it as the science of production, distribution, and consumption of wealth . On the satirical side, Thomas Carlyle (1849) coined " the dismal science " as an epithet for classical economics , in this context, commonly linked to

17324-408: The subject of mathematical methods used in the natural sciences . Neoclassical economics systematically integrated supply and demand as joint determinants of both price and quantity in market equilibrium, influencing the allocation of output and income distribution. It rejected the classical economics' labour theory of value in favour of a marginal utility theory of value on the demand side and

17466-402: The subject or different views among economists. Scottish philosopher Adam Smith (1776) defined what was then called political economy as "an inquiry into the nature and causes of the wealth of nations", in particular as: a branch of the science of a statesman or legislator [with the twofold objectives of providing] a plentiful revenue or subsistence for the people ... [and] to supply

17608-471: The subject": Economics is the science which studies human behaviour as a relationship between ends and scarce means which have alternative uses. Robbins described the definition as not classificatory in "pick[ing] out certain kinds of behaviour" but rather analytical in "focus[ing] attention on a particular aspect of behaviour, the form imposed by the influence of scarcity ." He affirmed that previous economists have usually centred their studies on

17750-822: The subsequent development of the subject. Both groups were associated with the rise of economic nationalism and modern capitalism in Europe. Mercantilism was an economic doctrine that flourished from the 16th to 18th century in a prolific pamphlet literature, whether of merchants or statesmen. It held that a nation's wealth depended on its accumulation of gold and silver. Nations without access to mines could obtain gold and silver from trade only by selling goods abroad and restricting imports other than of gold and silver. The doctrine called for importing inexpensive raw materials to be used in manufacturing goods, which could be exported, and for state regulation to impose protective tariffs on foreign manufactured goods and prohibit manufacturing in

17892-734: The system's worst elements. First established in South Carolina in 1704, groups of armed White men— slave patrols —were formed to monitor enslaved Black people. Their function was to police slaves, especially fugitives. Slave owners feared that slaves might organize revolts or slave rebellions , so state militias were formed to provide a military command structure and discipline within the slave patrols. These patrols were used to detect, encounter, and crush any organized slave meetings which might lead to revolts or rebellions . The earliest African American congregations and churches were organized before 1800 in both northern and southern cities following

18034-578: The total population, declined until 1930 and has been rising since then. By 1990, the African American population reached about 30 million and represented 12% of the US population, roughly the same proportion as in 1900. At the time of the 2000 US census , 54.8% of African Americans lived in the South . In that year, 17.6% of African Americans lived in the Northeast and 18.7% in the Midwest , while only 8.9% lived in

18176-636: The war in Iraq. The "Make Hip-Hop Not War" campaign received the Walter E. Fauntroy No FEAR Institute Award on May 14, 2008 for its efforts to speak out against the government and war-supporting institutions. Hip Hop Caucus and Amnesty International organized the "Shut It Down, Stop the Torture" event in Washington, D.C. to advocate the closure of the U.S. Guantánamo Bay detention camp in Cuba. The informational briefing and concert

18318-467: The war is not winnable or if the expected costs outweigh the benefits, the deciding actors (assuming they are rational) may never go to war (a decision ) but rather explore other alternatives. Economics cannot be defined as the science that studies wealth, war, crime, education, and any other field economic analysis can be applied to; but, as the science that studies a particular common aspect of each of those subjects (they all use scarce resources to attain

18460-515: The west and north are migrating to the southern region of the US for economic and cultural reasons. The New York City , Chicago , and Los Angeles metropolitan areas have the highest decline in African Americans, while Atlanta , Dallas , and Houston have the highest increase respectively. Several smaller metro areas also saw sizable gains, including San Antonio; Raleigh and Greensboro, N.C.; and Orlando. Despite recent declines, as of 2020,

18602-505: The word Oikos , the Greek word from which the word economy derives, was used for issues regarding how to manage a household (which was understood to be the landowner, his family, and his slaves ) rather than to refer to some normative societal system of distribution of resources, which is a more recent phenomenon. Xenophon , the author of the Oeconomicus , is credited by philologues for being

18744-460: The work of Karl Marx . The first volume of Marx's major work, Das Kapital , was published in 1867. Marx focused on the labour theory of value and theory of surplus value . Marx wrote that they were mechanisms used by capital to exploit labour. The labour theory of value held that the value of an exchanged commodity was determined by the labour that went into its production, and the theory of surplus value demonstrated how workers were only paid

18886-543: Was $ 5,600 (equivalent to $ 58,532 in 2023), compared with $ 2,900 (equivalent to $ 30,311 in 2023) for non-White families. In 1965, 43 percent of all Black families fell into the poverty bracket, earning under $ 3,000 (equivalent to $ 29,005 in 2023) a year. The 1960s saw improvements in the social and economic conditions of many Black Americans. From 1965 to 1969, Black family income rose from 54 to 60 percent of White family income. In 1968, 23 percent of Black families earned under $ 3,000 (equivalent to $ 26,285 in 2023)

19028-401: Was a Whites-only establishment, with Blacks (such as Duke Ellington ) allowed to perform, but to a White audience. Black Americans also found a new ground for political power in Northern cities, without the enforced disabilities of Jim Crow . By the 1950s, the civil rights movement was gaining momentum. A 1955 lynching that sparked public outrage about injustice was that of Emmett Till ,

19170-449: Was called, spanned the 1890s to the 1970s. From 1916 through the 1960s, more than 6 million Black people moved north. But in the 1970s and 1980s, that trend reversed , with more African Americans moving south to the Sun Belt than leaving it. The following table of the African American population in the United States over time shows that the African American population, as a percentage of

19312-406: Was intended to raise awareness on human rights and the events that took place at Guantanamo Bay. The event was held on Juneteenth (June 19, 2007), in order to symbolically link the emancipation of slaves in the U.S. and the current situation at Guantanamo Bay. After the 2010 Haiti earthquake that claimed the lives of hundreds of thousands of people, the Hip Hop Caucus created HipHopHelpHaiti.org,

19454-421: Was no part of it. By pursuing his own interest he frequently promotes that of the society more effectually than when he really intends to promote it. The Reverend Thomas Robert Malthus (1798) used the concept of diminishing returns to explain low living standards. Human population , he argued, tended to increase geometrically, outstripping the production of food, which increased arithmetically. The force of

19596-892: Was productive. Smith discusses potential benefits of specialisation by division of labour , including increased labour productivity and gains from trade , whether between town and country or across countries. His "theorem" that "the division of labor is limited by the extent of the market" has been described as the "core of a theory of the functions of firm and industry " and a "fundamental principle of economic organization." To Smith has also been ascribed "the most important substantive proposition in all of economics" and foundation of resource-allocation theory—that, under competition , resource owners (of labour, land, and capital) seek their most profitable uses, resulting in an equal rate of return for all uses in equilibrium (adjusted for apparent differences arising from such factors as training and unemployment). In an argument that includes "one of

19738-437: Was recognised as well as the traditional Keynesian insistence that fiscal policy could also play an influential role in affecting aggregate demand . Methodologically, the synthesis led to a new class of applied models, known as dynamic stochastic general equilibrium or DSGE models, descending from real business cycles models, but extended with several new Keynesian and other features. These models proved useful and influential in

19880-413: Was similar to slavery. Servants could be bought, sold, or leased, and they could be physically beaten for disobedience or attempting to running away. Unlike slaves, they were freed after their term of service expired or if their freedom was purchased. Their children did not inherit their status, and on their release from contract they received "a year's provision of corn, double apparel, tools necessary", and

20022-586: Was the Political and Grassroots Director for Russell Simmons ' Hip Hop Summit Action Network , as well as a Senior Consultant to Jay-Z's Citizen Change "Voice Your Choice" campaign. Respect My Vote! is a voter mobilization campaign that aims to educate, register and mobilize young people of color between the ages of 18 and 39 who live in urban communities, do not attend college, people with felony records who are unaware of their voting rights, and students at historically black colleges and universities . In 2008,

20164-544: Was unable to pass an Act Prohibiting Importation of Slaves until 1807. Fugitive slave laws (derived from the Fugitive Slave Clause of the Constitution— Article IV, Section 2, Clause 3 ) were passed by Congress in both 1793 and 1850 , guaranteeing the right of a slaveholder to recover an escaped slave anywhere within the US. Slave owners, who viewed enslaved people as property, ensured that it became

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