Essay about India and the Black Market

March 7, 2006 Trans Atlantic Slave Trade Slavery originated from Africa "after the Bantu migrations spread agricultural to all parts of the continent." Africans would buy slaves to enlarge their families and have more power. Also, they would buy slaves in order to sell them to make a profit. It then spread out from Africa to Portugal and was said, "it is estimated that during the four and a half centuries of the trans-Atlantic slave trade, Portugal was responsible for transporting over 4.5 million Africans (roughly 40% of the total)." There was one purpose of slaves and that was work, at little or no cost. Nobody wanted to pay others when there really was not that much money in the economy to begin with. The Europeans

Between 1975 and 1996, per person, GDP grew by almost 90%, taxes more than doubled, government transfers went up more than 160%, and average household income net of taxes grew by almost 50%. Income grew significantly. The proportion of national income directed via government grew far more significantly. Although there has been some problems with the economy during this period such as unemployment which has grown from 4 per cent to 8.5 percent, also the average duration of unemployment grew from 6 weeks to 52 weeks.

The Slave Trade in Colonial America The first blacks in the American Colonies were brought in, like many lower-class whites, as indentured servants. Most indentured servants had a contract to work without wages for a master for four to seven years, after

In this lecture the author, Christina Snyder emphasizes putting forward the academic and ethnic comprehension of how America chattel slavery and traditional Indian slavery were part of a lengthy endurance in the evolution of native concepts on captivity. As she stated “captivity was not a static institution for Indians, but rather a practice that they adapted over time to meet changing needs and circumstances” (Slavery in Indian Country: The Changing Face of Captivity in Early America. Pg.4)

Johannes Postma was the author of the book called “The Atlantic Slave Trade” and was born in Zwagerbosch, Netherlands in 1935. He received his PhD from Michigan State. He is now a professor at Minnesota State University and has written “The Dutch in the Atlantic Slave Trade”. As well as co- editing of “Riches from Atlantic Commerce: Dutch Transatlantic trade and Shipping.”

Corruption in Poor Communities The book Behind the Beautiful Forevers by Katherine Boo, addresses the corruption of a slum in India called Annawadi. Annawadi is a small, poor area in the shadows of luxurious hotels and an airport near Mumbai. The poor community struggles to make a living and hold on to a hope of one day reaching success since India is improving economically. As India is improving economically, Annawadi seems to stay the same because of the people who abuse their power and take money from the poor. People there are being held back by the unfairness that they will not be able to have a better life. Laws are not enforced in poor communities because it causes corruption in both the establishment and in the people.

When you think of the African slave trade, do you realize that over 10 million people were removed from that continent in less than 500 years? Some scholars believe it may be as large a number as 20 million.1 I would like to pose a few questions and attempt to answer them in this collection of writings and opinions. The evidence and historical documents will show some of the economic and social impacts the Slave Trade had on the African continent.

The slave trade did not reach Africa until they were able to find a way to get themselves across the ocean and reach Africa. Once they were able to find a way to the West Coast, they never stopped going. They continued enslaving people from Africa, and the more popular it got, the more that other countries got involved. “The transatlantic slave trade began during the 15th century when Portugal, and subsequently other European kingdoms, were finally able to expand overseas and reach Africa. The Portuguese first began to kidnap people from the west coast of Africa and to take those they enslaved back to Europe.” It took several European countries many tries to find a passageway over into Africa, and once they did, slavery took off. The Portuguese

West African Slave Trade The West African Slave Trade was a global event that focused on West Africa. It was the sale and ownership of another human being that was put into slavery. It was a “forced Migration” that lasted 300 years. It was an event that forced 15, 000, 000 people into slavery for a lifetime. From 1551 – 1850 about 15,000,000 people were brought into the slave trade it is said that roughly 5,000,000 did not survive, and may have immediately died before making through the shock of enslavement. About 10,000,000 people in the western hemisphere survived and were sold on the auction block. Generations continued into slavery, the offspring was also brought into slavery. The owners liked the idea of their slaves reproducing.

Illegal money flows pose a massive challenge to all societies, rich and poor. Tax evasion undercuts the financing of public services and distorts the economy. Financial crime fuels and facilitates criminal activities from drug trafficking and human smuggling to theft and fraud. Corruption corrodes public institutions and warps decision-making. Terrorist finance sustains organisations that spread death and fear. The scale of such illicit money flows is staggering. Depending on the country, tax evasion robs the public sector of anywhere between 6% and 70% of what tax authorities estimate they should be collecting. Global financial crime flows are estimated to amount to over US$2tr per year. Corruption amounts to another US$1tr. Most of the effort

Both “Slumdog millionaire” and Kevin mc cloud’s “Slummin’ it” are two very different views about the current situation on the slums of india. Before watching these two texts i was aware of some of the conditions of the slums of india but had no real insight to what it was

Money laundering hinders the government in collecting taxes as it becomes tough to collect revenue from transactions which take place in the underground There are numerous socioeconomic effect of money laundering because as dirty money is transformed into 'clean ones', they are used to expand existing criminal operations and finance new ones. Furthermore it may lead to the transfer of economic power from the market, the government and the citizens to the criminals, abetting before crimes and corruptioneconomy, hence resulting in reduction in government

The video The Real Slum Dogs gives insight into the lives and conflicts that occur in a large slum in India named Dharavi. The people of Dharavi are among the poorest people in the world. Although, the community of people who were shown in the film worked extremely hard physically

Taxation systems are usually modeled in such a way that they take into consideration the social welfare of the citizens. The government and other policy makers have the responsibility of ensuring that the system takes into account the needs of the citizens. The bottom line is that taxation should foster

Swiss bank revealed India has more money than rest of the world This is so shocking.. ..If black money deposits was an Olympics event.. India would have won a gold medal hands down. The second best Russia has 4 times lesser deposit. U.S. is not even there in the counting in top five! India