Finance Paper Essay Example | Topics and Well Written Essays - 750 words

Finance Paper - Essay Example Bahamas for example has 301 licensed banks whereas the British Virgin Island only has 7. Offshore banking has a countless number of rewards, ranging from low to no taxation, to greater privacy and anonymous accounts, as well as protection against financial instability. With that being said, I would like to emphasize what these banks also offer. Offshore banking has aided terrorist by laundering their financial resources, allowing them to fund terrorist activities that are partially impossible to detect. It also highlighted in the collapse of the company Enron, where the company used offshore banks to avoid paying millions of dollars in US Tax. Offshore financial centers have very significant reasons for their existence. These financial resources provide financial services; these financial services can be divided into three broad groups: (i) Private investments, (ii) Asset protection, (iii) Estate planning (Higgins, 2000). Private investments are the significant part of the offshore f inancial centers. In the private investments, investments are handled and managed with an intention of reducing the potential tax liabilities. Additionally, private investments are done to increase the protection which is granted or provided under the legal confidentiality provisions. Asset protection comes with the use of international jurisdiction. In this category, with the help of international jurisdiction, the residence of client is separated; and asset protection helps protecting the income and assets from political, legal and fiscal risks. Estate planning is about assets and their administration. In estate planning, mostly assets, all types of assets, are properly administrated with the help of legal and fiscal jurisdictions (Higgins, 2000). With the help of financial institutions; like, international business corporations (IBCs), insurance companies, mutual funds, offshore corporations, and some of the recent gaming companies, a large and huge amount of funds are deposited in OFCs. With these available funds, different types of investment are made to generate some economic and financial contributions in the economy. Little work has been done to understand and determine the role and contribution of offshore banking in the creation and generation of employment and employment opportunities. It is the creation and availability of employment opportunities by the OFCs that provide the importance and significance of offshore banks as far as their role for the development of economy is concerned. Any sector is valued and measured in the economy on the basis of its contribution to the economy. Mostly, there are two ways in which this contribution is measured and analyzed: One, the money contribution of offshore banking. This means the amount of tax paid by the offshore banks in the economy determines and measures its value for the economy. There is another contribution given and provided by the offshore banks. That is of economic nature- creation and generatio n of employment opportunities. Various examples are available that clearly indicate and highlight that offshore banks are licensed. After getting license, they have established various branches in different parts of the world. A large amount of investment has been made to make offshore banking functional and useful.

Despairing Companionship Essay Example for Free

Despairing Companionship Essay â€Å"Modern Love,† a poetic sequence by George Meredith, describes a skeptical opinion on the idea of modern love. Meredith’s devastating tone, complex similes and metaphors, and dark imagery convey a sad and regretful outlook on the love of this time. â€Å"Modern Love† is riddled with a tone full of regret and heartache, making this modern love seem more like the opposite of love. The speaker says â€Å"she wept with waking eyes† and her â€Å"strange low sobs† were â€Å"strangled mute.† The words describing this woman are full of grief, full of â€Å"vain regret. † Her husband is painfully aware of his wife’s sadness, through her reaction to â€Å"his hand’s light quiver by her head† and her sobs that were â€Å"dreadfully venomous to him.† The speaker’s worried tone shows how much the husband wishes for his wife to be happy, but his actions of loving care and cautiousness do nothing to quell her tears. This makes modern love seem hopeless and full of despair for both the man and his distraught wife. Use of intense simile and metaphor throughout â€Å"Modern Love† also demonstrates a grim view on the concept of modern love. The muffled cries of the wife are called â€Å"little gaping snakes† showing how afraid and vulnerable the husband is to them. The man’s wife has a â€Å"Giant heart of Memory and Tears† which shows the heavy, almost useless organ that the wife carries around within her, empty of love, only able to remember the sadness to which she has been subjected to. Then, the husband and wife are said to be â€Å"like sculpture effigies† in their â€Å"common bed,† lying â€Å"stone-still.† Instead of two lovers talking to each other and loving each other in their bed, a place shared between the two of them, they are â€Å"moveless† and silent. This makes modern love seem empty of joy, empty of companionship, and devoid of love. â€Å"Modern Love† also utilizes imagery to portray the sadness and tension of modern love. The wife is described as lying â€Å"stone-still.† They are both â€Å"moveless† as they look back through their â€Å"dead black years.† Their life is described as â€Å"black,† which provides the image of nothingness, as if there is no memory worth seeing. Their modern love provides no light with which their lives might be made happy. They are seen as â€Å"sculptured effigies,† wishing for the â€Å"sword that severs all.† Instead of wishing for a good relationship or positive time together, they want something to end their marriage, to end the one thing that ties them together. This modern love is not love at all, but a forced binding between two people who want nothing of it. The poetic sequence â€Å"Modern Love† by George Meredith conveys a dark and regretful view of modern love through heartbreaking tone, deep similes and metaphors, and intense imagery.

An Islamic Micro Finance Bank To Help Enterprises

An Islamic Micro Finance Bank To Help Enterprises The Conventional Micro-Finance programs have shown little interest in religious and cultural sensitivities ,also excludes the poorest of the poor and are inadequate to full-fill the needs of 37.4 % poor Muslims of the world. A recent report by CGAP suggests that a large proportion of poor muslims rejects all forms of loans, including Grameen style Microloans on religious grounds, even many Government initiatives have failed because of this reason. Islamic Finance industry is an industry with rapid growth but has shown little interest in Micro-Finance and poverty alleviation aiming for shariah compliance inform and not in spirit. There are many Islamic MF programs currently operational in different parts of the world, but they are regional and country based programs, this research paper will focus on the development of an International Micro-Finance Bank (not Program) with deepest local penetration. Interest based loans may lead prospective entrepreneurs to refrain from pursuing activ ities as cost of failure is too high. Islamic Economics goals of equality, fairness, social solidarity through risk sharing, property rights, and sanctity of contracts; entrepreneurship, partnership, income generation through productive activity for poverty alleviation are completely in sync with basic principles of any Micro-Finance program. Aim and objectives: The purpose of my research is developing a sustainable and universal business model of an ideal full-fledged Islamic Micro-Finance Bank? by examining working technique and mode of operation of Islamic Banks(and of Banks working on No Interest principle) and of Micro-Finance programs ( both Islamic and Non-Islamic) and merging the working principles of both to come with a business model of a Universal World-Wide Micro-Finance Bank strictly following and working on principles of Islamic Finance. An Islamic Micro-Finance Bank will provide thousands of entrepreneurial poors access to Micro-Finance- especially those who fear breaching their religious beliefs. Islamic Micro-Finance Bank will seek to finance business activities which will lead to the economic empowerment of the poor, rather than merely lending to the poor for consumption. Literature review: Islamic Finance : Islamic Finance refers to a system of Banking that is Consistent with Islamic law(sharia) principles. This system reflects Islams teachings on wealth distribution, social and economic justice. The basic principles and practices of Islamic Finance date back to the early part of the seventh century. (Islamic Finance : A Euromoney Publication, 1997). Prohibition of Riba(interest). Risk Sharing. Social Mission. Prohibition of Speculative Behaviour. Sanctity of Contracts. Shariah- approved activities. Islamic Financing Techniques: Islamic financial institutions have developed several financing techniques that are applicable according to the nature of the commodity or business and finance period of the project. The principal financing techniques, murabaha, mudaraba, musharaka, and ijarah, are described briefly below: The first technique, murabaha, is the most popular and widely used Islamic financing instrument. Murabaha involves the resale of a commodity after the lender adds a specific profit margin (often referred to as the ËÅ"mark-up), which is paid by the borrower who agrees to buy that commodity. Usually, repayment is made in instalments to the financier, who pays the price to the original supplier of the commodity. This type of finance is commonly used for financing assets or working capital inputs, such as raw materials, machinery or equipment. For murabaha to be Shariah-compliant the financier must own (or procure) the commodity first and then resell it, the commodity should be a tangible one, and the buyer must know and then agree to the purchase and resale prices. Under mudaraba, a second type of contract, two parties are involved â€Å" the financier, who provides all the money, and the entrepreneur who uses his or her skill to invest the money in an attractive business venture. The profit from the mudaraba contract is shared by the financier and the entrepreneur according to a pre-determined ratio. Importantly, profit-sharing rates are a percentage of the profit and not a lump sum payment. In the case of a loss, providing it has incurred in the normal process of business and not due to neglect or misconduct by the entrepreneur, the financier loses all his or her money, while the entrepreneur merely loses his or her time and effort. Musharaka, a third financing instrument, means partnership in Arabic and can be understood as an equity participation contract. Both parties provide capital and are involved in the management of the funded venture. Profits are shared between each partner according to the ratio of his or her investment. If the venture suffers a loss, each partner loses according to this same ratio. Neither mudaraba nor musharaka are popular mechanisms in the context of microfinance as the thorough reporting and transparency requirements surrounding the just distribution of any profit or loss can result in substantial operating burdens and costs on small businesses which are generally unaccustomed to formal accounting and reporting. Ijarah, a fourth primary finance instrument, is similar to leasing. Under this arrangement, an entrepreneur short of funds approaches a financier to fund the purchase of a productive asset. The financier may buy the productive asset and rent it out to the entrepreneur. The financier retains ownership of the asset and is responsible for its maintenance. Importantly, and like any other contract, an ijarah contract must fulfil all of the conditions of a valid contract stipulated by the Shariah. Thus, the contract should be clear, should be by mutual agreement, the responsibilities and benefits of both parties should be clearly detailed and the agreement should be for a known period and price. Islamic Micro-Finance Bank is something very very new and in fact there is only one Islamic Micro-Finance bank currently in the world(Nigeria) and that too was launched recently on 15th of April 2010,recently State Bank of Pakistan has laid down guidelines for the establishment of any Islamic Micro-Finance Bank. My research problem is somewhat related with poverty as a whole and poor muslims around the world will be the main focus of the solution, because solution that is applicable for muslims is certainly available to every individual in the world. First, I will talk about why there is a need of Islamic Micro-Finance and then about the need of a Full-Fledged Islamic Micro-Finance Bank. About 65% of the SMEs (muslim owned) who had never applied for bank loans were uncomfortable with the interest based loan products being extended by banks. While this may not be a conclusive evidence for the extensive demand for Islamic finance products as it is not clear that whether these responden ts need the loans etc, however generally the respondents do highlight the interest (Riba) based banking products as one of the reasons for their reluctance to access bank loans. About 75% of the farmers in Muslim dominated countries who did not take bank loans and 55% of all the farmers expressed their dislike of interest based products and said that they donÃ… ¸t want to take the interest bearing bank loans. Although this finding signifies the need for introduction of Islamic Agrifinance Products, however the finding may be somewhat biased as a large number of these farmers also considered lack of collaterals/defects in title deeds and non-cooperation by revenue department as the key hurdles in obtaining banks loans. Nevertheless there is substantial demand for Sharia compliant agri-finance products and if offered most of the farmers would be willing to avail the facility. Conventional microfinance had also been questioned on its overall desired impact since the poors are subjected to very high interest rate of up to 30%. Some even argued that disbursing credit to the poor to make financial gains out of the same cannot be the aim of the microfinance institutions. Interest charged is rather oppressive for their poor receivers, thus fails to achieve the noble objective of microfinance. According to various studies, a notable number of the recipients were also found to be well above the poor category. Islamic Micro-Finance , on the hand, utilizes Islamic financial Instruments which are based on PLS schemes rather than loan. Conventional microfinance institution focused mainly on women as their client. On the hand, Islamic Micro Finance Institution should not only be focusing on women but must also be extended to the family as a whole. Moreover, Conventional Micro-Finance used group lending as a way to mitigate risk in their operation. Islamic Micro-Finance may also use similar technique, but they can also develop Islamic ethical principles to ensure their clients pay the payment regularly. Now, talking about why there is a need of an Islamic Micro-Finance Bank, well there are many Islamic Micro-Finance operational in different parts of the world run and managed by different organisations like Sanadiq at Jabal-al-Hoss; Muassasat Bayt Al-Mal in Lebanon; Hodeidah program in Yemen. IBBL, SIBL in Bangladesh; Akhuwat in Pakistan; Sahulat , Manara in India. Amana Ikhtiar in Malaysia; BPRS , BMTs in Indonesia. FINCA in Afghanistan. Azaovad Finance in Northern Mali. But my question is that why we cannot have a Global Islamic Micro-Finance Program when is there is such a huge of this, microfinance programs are designed keeping in mind the needs of local people and how to serve them better, but if this is done with an International approach then experiences gained in one region will be very beneficial in addressing the problem of other regions, it will be very helpful in the diversification of risk and also SMEs will be share to share expertise and experiences of one another and can work to build and ecosystem of mutual co-operation and empowerment. Also the increasing demand for alternative micro credit products by the less privileged members of the society against the conventional banking practices, now requires a whole financial system rather than a program or a bank as individual entities, marriage of two is much required need of the time and a new approach designed on the strict guidelines laid down by Quran for Islamic Finance is recommended, adapting Classical Islamic Contracts to modern Islamic Micro-Finance is easier than for mainstream Islamic Finance. I want to develop a Islamic Micro-finance Bank with muslims as prime focus but only for muslims because What we are commissioning today represents our contribution towards providing an alternative banking for Muslims and non-muslims alike. Poor person is a poor person and this has nothing to do with her/her religion, and poverty can only be alleviated if we consider all poors of the world as one and work global make No poverty? a reality. The number of Islamic Micro-Finance initiatives remains limited, less than 1% of the total global microfinance outreach, there is for a number of reasons increasing in interest in developing microfinance programmes based on Islamic Financing principles. Since, Islamic Microfinance is a new area, because little research has been conducted on its impact, outreach of such programmes has so far been limited. So, research with the aim of developing a new approach to Islamic microfinance is completely justified. Research Methodology and Method(s): My research methodology will be based on a lot research and study of Islamic Finance laws approved by Quran, their practical application in the real world scenario, how they are applied by different Islamic Banks and Micro-finance programs in their working, how differently they are applied in practice, analysis of shortcoming of different Islamic Banks and Micro-Finance programs. Study of how Islamic banks weathered current GFC, what were their advantages and disadvantages. How an Islamic Bank is started( rules and regulations in different countries) and how an Islamic Micro-Finance program works( relative to different regions), establishing a common ground for Islamic Micro-Finance bank, framing rules and policies for an ideal Islamic Micro-Finance Bank. Research and study of banking system in Japan( interest rates are negligible) and of JAK Bank Sweden(work on NO interest principal), how they operate , from where and how they fund themselves, how their modus operandi will sustain in an Islamic Finance environment. Data will be collected basically from internet because much of the work has not been done in the area of Islamic Micro-Finance Bank, interviews and discussion with the experts in field of Islamic Law and Islamic Finance, thorough study of Quran( Islamic laws and Financial laws).Study of books on this topic, discussion and advice from experts on Risk Management and Diversification and how i can apply them in Islamic Finance. Extensive of all available sources of information Islamic Finance and Micro-Finance. Structure and plan: Chapters in the Dissertation will be as Follows(Final Structure Can Change): CONTEXTUALISING ISLAMIC FINANCE Error: Reference source not found (Number of days taken to complete the chapter) Modern revival of Islamic financeError: Reference source not found Islamic economic foundationsError: Reference source not found Ethical dimensions of Islamic economic systemsError: Reference source not found Benefits of Islamic bankingError: Reference source not found Islamic economic principles do they promote or stifle growth? 9 DISTINGUISHING FEATURES OF ISLAMIC FINANCEError: Reference source not found Principles of Islamic financial systemsError: Reference source not found Prohibition on speculation or risk (gharar)Error: Reference source not found Prohibition on usury (riba) and hoardingError: Reference source not found Prohibition on usury (riba) and interestError: Reference source not found Profits as distinct from usury (riba)Error: Reference source not found APPLICATION OF ISLAMIC BANKING TO MICROFINANCEError: Reference source not found Interface of Islamic Banking Principles and MicrofinanceError: Reference source not found Islam and microfinanceError: Reference source not found Social and development roles of Islamic banksError: Reference source not found Informal Banking and Debt transfer (hawala)Error: Reference source not found Is Islamic microfinance truly Islamic?Error: Reference source not found ISLAMIC FINANCIAL OBJECTIVES AND PRODUCTSError: Reference source not found Financial productsError: Reference source not found Islamic MortgagesError: Reference source not found Conventional Banking through the ËÅ"back door?Error: Reference source not found Need for regulationError: Reference source not found ISLAMIC MICROFINANCE IN PRACTICEError: Reference source not found Expansion of microfinance in the Arab worldError: Reference source not found Islamic microfinance in the Arab worldError: Reference source not found Experiences in YemenError: Reference source not found Experiences in BangladeshError: Reference source not found Resistance to the Grameen BankError: Reference source not found MicroFinance and Islamic Values 13 Japanese Banking System and JAK Bank Sweden13 Framing Regulations and Strategies For an Ideal Islamic Micro-Finance Bank 14

A Letter to College Freshmen Students :: essays research papers

As a new freshman entering this Community College, you will be discovering and experiencing many new things about the world in which you live and yourself. The jump from high school to college can be a very scary but exciting experience. I have some valuable advice for you on how to make this transition smoother and an enjoyable experience rather than a scary and lonely one. My number one piece of advice is for you to enter this experience with an open mind. If you come into this new situation with a good outlook and a positive attitude, your experience will be a lot more rewarding. Now that you are on your own and have very limited restrictions, it can be easy to slip into bad habits that could get you into trouble. Here you do not have a parent to tell you when to go to bed, or when to study, or not to go out, or not to party, or to remind you to go to class. It is all up to you and your self-control. You must have great self-discipline and a motivated attitude in order to succeed. You have to want to be here and make the best of your experience. This one being your first year in college, you may have trouble concentrating while you study. Some techniques that can help your concentration are being selective, relaxing, and over learning. Being selective means to make choices about what is most important to learn. When you are studying, you should be able to know what may or may not be on the test, your notes for the week can be helpful. In addition, pay attention to charts, tables, and illustrations that you think may appear on the test. Relaxing is a good technique to use because when you are relaxed you are able to absorb more information. One way to relax is to use a breathing technique (inhale, count from one to ten, and exhale, and count from one to ten, and so on). Over learning can help you fight mental vagueness. When you are struggling in a class, it is best for you to learn more than you need to know about the subject. You can use these techniques every time you are studying or when you cannot concentrate. A Letter to College Freshmen Students :: essays research papers As a new freshman entering this Community College, you will be discovering and experiencing many new things about the world in which you live and yourself. The jump from high school to college can be a very scary but exciting experience. I have some valuable advice for you on how to make this transition smoother and an enjoyable experience rather than a scary and lonely one. My number one piece of advice is for you to enter this experience with an open mind. If you come into this new situation with a good outlook and a positive attitude, your experience will be a lot more rewarding. Now that you are on your own and have very limited restrictions, it can be easy to slip into bad habits that could get you into trouble. Here you do not have a parent to tell you when to go to bed, or when to study, or not to go out, or not to party, or to remind you to go to class. It is all up to you and your self-control. You must have great self-discipline and a motivated attitude in order to succeed. You have to want to be here and make the best of your experience. This one being your first year in college, you may have trouble concentrating while you study. Some techniques that can help your concentration are being selective, relaxing, and over learning. Being selective means to make choices about what is most important to learn. When you are studying, you should be able to know what may or may not be on the test, your notes for the week can be helpful. In addition, pay attention to charts, tables, and illustrations that you think may appear on the test. Relaxing is a good technique to use because when you are relaxed you are able to absorb more information. One way to relax is to use a breathing technique (inhale, count from one to ten, and exhale, and count from one to ten, and so on). Over learning can help you fight mental vagueness. When you are struggling in a class, it is best for you to learn more than you need to know about the subject. You can use these techniques every time you are studying or when you cannot concentrate.

A research project to look if bullying is spiralling out of control Essay

For my research project, I decided to look at bullying, which is a contempery issue as over recent months it has received a lot of media attention. My hypothesis was bullying is spiralling out of control. I used a wide range of research methods using both primary and secondary sources of information including questionnaires, interviews and internet research. I also considered ethical issues and problems this research may of encountered Introduction I have decided to do my research topic on bullying. Over recent months bullying has received a lot more media attention for a number of different reasons. One reason is the new form of bullying called Happy Slapping. This is whereby bullies record their victims being physically abused on their mobile phones. Also many serious incidents of bullying taking place such as 15 year old Natasha Jackman who was recently stabbed in her eye, back , head and chest in her school dinner queue. In July of this year the beat bullying campaign was launched, fronted by many famous stars. Bullying was defined as ‘longstanding violence, mental or physical, conducted by an individual or a group against an individual who Is not able to defend himself or herself in that actual situation’. I wish to find out if bullying is spiralling out of control or that people are becoming more aware of how common bullying is. I plan to use a wide range of research methods including both primary and secondary sources. One method I will be using is questionnaires. I will give these to children in year 6 and adults between the age of 40-55 to find out their views on bullying. I will also interview a head teacher of a school to find out her views and I will also interview a primary school teacher. I will use a unstructured format to help me get more information. I will also ask in the interviews about how the schools deals with bullying and if they think bullying is getting worse or society is becoming more aware of it. Secondary methods I will use are internet and newspapers. I will consider any ethical issues that I may come across and try to avoid them by using the appropriate methods. One ethical issue I need to consider is confidentiality of the respondents. Also I need to be aware of emotional damage respondents may have and always be considerate. I will also get full consent from participants to carry out my research and debrief them fully. Literature review Over recent months bullying has been increasingly talked about in the media. Sports stars Kelly Holmes and Rio Ferdinand are among the Celebes who have signed up to the beat bullying campaign to try and tackle bullying in schools. Around one in four primary school children and around one in three secondary school children are bullied at some point in their school life according to official estimates. Children were encouraged to wear a blue wristband as a sign of solidarity. The campaign encouraged children to talk about their bullying problems and to remember their not alone. http://news. bbc. co. uk/1/ni/programmes/breakfast There has also been research done to find statistics about the issue. The NSPCC published a list of key findings. They found 31% of children experienced bullying during childhood, a further 7% were discriminated against and 14% were made to feel different. A quarter of young adults bullied by their peers during childhood reported they suffered long term harmful effects as a result. Also research involving2300 pupils aged 10-14 from schools across England found 30% of children did not tell anyone that they had been bullied. This percentage was higher for boys and older children.

Civil Rights Movements

Who Is It? Throughout the Civil Rights Movement, Martin Luther King Jr. played a crucial role in organizing many nonviolent events such as the March on Washington and Selma to Montgomery March. These events eventually influenced the Congress to pass both the Civil Rights Act of 1964 and the Voting Rights Act of 1965. The assassination of Martin Luther King Jr. also led to dramatic impacts on later laws. Martin Luther King Jr. s the main reason why the 1960s US Civil Rights Movement succeeded, as he fought against de jure segregation and led to the changing of laws; however, this is justified only to a great extent, for he contributed little to social activism. Martin Luther King Jr. successfully influenced many government reforms through the act of nonviolence during the Civil Rights Movement.He was elected president of the Southern Christian Leadership Conference in 1957, a nonprofit organization aiming to redeem â€Å"the soul of America† through nonviolent resistance. In 19 63, Martin Luther King Jr. ed a nonviolent campaign aimed at Birmingham, Alabama, which was known as the one of the most segregated city in the United States during that time. During this campaign, Martin Luther King Jr. advocated nonviolence in â€Å"Letter From a Birmingham Jail†. Later on, the SCLC decided to use young children in demonstrations. However, more than 1,000 children were attacked by police troops. The images of children being assaulted by dogs and water hoses were captured by photographers, which led to a â€Å"national outrage resulting in a push for unprecedented civil rights legislation†.This event drew attention to segregations in the South, and promoted sympathy for civil rights protestors across the nation. Over the next few years, Martin Luther King Jr. organized the March on Washington for Jobs and Freedom in and the Selma to Montgomery March. During the March on Washington, Martin Luther King Jr. delivered the famous â€Å"I Have A Dream† speech. This march was a success-   the speech cemented Martin Luther King's â€Å"status as a social change leader†, helped inspire people to act on civil rights, and publicized the US Civil Rights Movement across the world.This event also led to the passing of the Civil Rights Act of 1964, an act that banned all forms of discrimination. The next year, Martin Luther King Jr. organized the Selma to Montgomery March to fight against African American disenfranchisement. Following the march, the Congress passed the Voting Rights Act of 1965 that got rid of the remaining obstacles to voting for African-Americans. By organizing nonviolent marches and campaigns, Martin Luther King Jr. was successful in motivating the passing of important laws that improved problems caused by segregation.The assassination of Martin Luther King Jr. was one of the major reasons that led to the Civil Rights Act of 1968. Before the act was passed, white people used segregate against minority groups by forming restrictive covenants and practicing gerrymandering. After Martin Luther King Jr. was assassinated on April 4th, 1968, riots erupted over the nation. President Lyndon B. Johnson called on the Congress to pass the Civil Rights Act of 1968, hoping to stop the riots and pacify angry protesters. This act banned all forms of discrimination in housing sales and rentals. Martin Luther King Jr. as able to influence several acts passed by Congress even after he died, which proves that he is a major reason why the US Civil Rights Movement was successful. Despite Martin Luther King's efforts to fight against de jure segregation, he contributed little to ending de facto segregation. Malcolm X, an African American who also played a key role during the Civil Rights Movement, had different a different way to fight against segregation. He promoted active resistance and violence. As James Cone, the author of Martin & Malcolm & America says, â€Å"Before Malcolm came along, we were all N egroes. After Malcolm, he helped us become black†.Malcolm X taught African Americans to be proud of their heritage, and changed how black people thought about themselves. Several of his followers gathered together and formed the Black Panther Party, and organization that had the same objectives as Martin Luther King Jr, but were willing to use violence to solve the problem. By promoting black power and increasing black voter registrations and Afrocentrism, Malcolm X was able to build confidence in blacks and encourage them to take pride in their African heritage, which shows that he contributed to the success of the US Civil Rights Movement as well.Overall, Martin Luther King Jr. was a major reason for the success of the US Civil Rights Movement. He organized campaigns and marches that inspired people to take action, and influenced the Congress to pass important acts. His death led to the Civil Rights Act of 1968 as well. However, he wasn't the only one who made all of this po ssible. Malcolm X and encourage blacks to be proud of their African heritage, and increased black voter registrations. Thus, Martin Luther King Jr. is the main reason why the 1960s US Civil Rights Movement succeeded, yet this is justified only to a great extent.