Market Analysis and International Investment

Market Analysis and International Investment 1-(A) From various editions of the Economist, collect time series data of Big Mac prices for 3 countries and assess whether Purchasing Power Parity (PPP) holds. Discuss whether the (Big Mac Index) is a good Price index to be used in this analysis. Answer: The economist’s Big Mac index shown in table 1 has been used since 1986 as an indicator aimed to assess how PPP (Purchasing Power Parity) stands against most traded currencies such us the US dollar. Before entering into further analyses, it is worth providing some relevant information on the PPP theory and assess whether the Big Mac index implicitly delivers points of comparison that subsequently reflect exchange rate parity conditions across 120 nations where this worldwide known burger is largely sold.[1] Purchasing power parity theory by Rudiger Dornbush (Salamanca School) attempts to explain that two currencies adjust in compensation owing to the difference between the rates at which the two countries under watch are inflating. In relation to this, the underlying principle of the PPP theory lies in the law of a single price. This law can be simply explained based on the commodities trade whereby companies around the world tend to purchase goods from countries where these are more competitive in terms of price.[2] Following this first hypothesis, there is a determination mechanism starting when goods are purchased abroad and at the same time the demand for foreign currency results in increasing the value of the currency and putting extra pressure on the price of the good itself. Based on this scenario, the PPP entails that two currencies should stand at a level where buying the same goods in the two countries is equivalent. Furthermore, the theory projects that real effective exchange rate will remain constant through time. Based on further research, this work lays out some elements that intervene as potential culprits for not letting the PPP system operates over a short and medium-term horizon. As a relevant consideration to the findings and major setback to the PPP theory, the foreign exchange market framework has changed considerably over the last years moving exchange rates from fixed to floating. In the same context, capital movements and internal policies now explain differentials in exchange rates rather than a simplistic scenario of supply and demand of goods.[3] For instance, in 1973 the oil embargo led unexpectedly the United States, Japan and Italy to depreciating their currencies as a result of currency pressure. According to Buiter and Miller (1992), the exchange rate accommodation mechanism has a much broader significance than the one explained by PPP’s scope; the exchange rate is a measurement of competitiveness as a progressive or â€Å"non-casual† variable. Therefore, exchange rate is a price that reflects an efficient international financial market as opposed to a predetermined state controlled through market forces exclusively. Supporting the previous introduction and with regard to the Big Mac index headway between two years in a row, PPP does not always hold. Moreover, due to the composition of the product, Big Mac does not reflect a truthful price index to determine whether an exchange rate is undervalued or overvalued. According to the economist magazine, Big Macs are not cross-border trading goods as approximately 55% to 60% of the product costing is represented by non-traded goods such us labour, rent and services. Therefore, a price index with no dependence on international trading cannot fully reflect exchange rate comparisons; every country has a unique competitive position mainly produced by internal structures and factors such us labour market, productivity and purchasing capacity. Purchasing power parity theory brings cear shortcomings and most of them can be determined superficially by the Big Mac index and its trend. The most commonly mentioned problems behind the use of PPP: Trade Barriers Changes in patterns of demand and output Similar purchasing patterns and taste in products Varying price indices Taxation Long-term vs. short-term outlook Table 1 shows full coverage for the Big Mac index over a large group of countries. As a complementary part of the analysis this work has chosen two currencies to compare against the US dollar and determine the PPP trend between 2004 and 2005. In 2004 the Big Mac price in the US was US$ 2.90 compared to US$1.26 in China and US$ 5.18 in Norway. In 2005 the corresponding prices represented an increment of the US price by 5.5% to US$ 3.06, 0.7% in China and 16.9% in Norway reaching prices of US$1.27 and US$6.06 respectively. Following the PPP theory, it indicates that exchange rates move to rectify changes in inflation rates. In 2004 China’s currency was 57% undervalued and Norway 79% overvalued; the model expects that an inflationary process in the US of 5.5% would have generated a rectifying movement to close gaps. On the contrary, while the Big Mac price index in the US rose by 5.5%, China’s currency dropped further from 57% undervalued to 59% and Norway continued the other direction and got appreciated dramatically from 79% to 98%. If Big Macs could be exported, no buyers would be looking at Norway since its real international competitiveness is far below. However, in terms of purchasing capacity the Norwegians are potentially capable of purchasing Big Macs as their income per head is considerably higher than in US and China. (B)Choose any two countries and collect (approximately) one year of daily data of a forward exchange rate, the spot exchange rate and the two corresponding interest rates. Can you make any arbitrage profits? Carefully discuss. Answer: To open the discussion about the exchange rate market and its relationship with interest rates, the answer introduces the concept of Eurocurrency market. This is a marketplace where participants make money through borrowing and depositing currencies at a price dictated by interest rates. In this regard, the transactions period varies as short as overnight and in some cases as long as five years. For this exercise the answer considers one participant and two currencies, US Dollar and GBP based on data from 2005 central bank statistics. On January 31st 2005, this person borrowed US$ 18’833.000 in the US and made the decision to arbitrage in GPB pounds. Diagram 1.0 illustrates the foreign exchange arbitrage based on the use of financial instruments to generate profits. Diagram 1.0 Source: Author calculations Borrowed at US$ 18’833.000 at 4.83% and one repayment at the end of the first year (365 day repayment of US$ 19’743.633) Evaluate potential arbitrage: Sell US$ 18’833.000 to buy sterling pounds at GBP/USD 1.8833 and obtained  £10’000.000 Made deposit of  £10’000.000 at 6.20% for 12 months and agreed to received  £10’482.999 Same take a forward contract to buy US$ 19’742.633 1year forward at sustaining GBP/USD at 1.8526 and sell:  £10’657.256; losses: ( £36.716) The arbitrage would produce losses as USD appreciates against the US dollar on a 12-month period; you cannot make profits. 2-(A) Discuss the importance of the exchange rate as an economic variable for international investment decisions or for importers and exporters. Answer: Exchange rates are a key factor that concerning their mechanisms of adjustments and vulnerability originates differential positions and volatility risk within an economic outlook. In relation to this effect, Buiter and Miller’s approach (1992) explains that monetary policies combining prices stabilisation, capital freedom and rational expectations in the foreign exchange market produce a â€Å"transitional† effect on the level of international competitiveness and leave industry sectors exposed.[4] For financial assets and exchange rates levels, international trade activities have rapidly evolved into a more developed and complex sector that operates freely within a global economic system and lead economies to frequently reaching higher levels of surpluses or deficits. On a daily basis scenario, portfolio strategist search for competitive positions worldwide that match investment targets. Concerning the structure of the investment, foreign exchange forecasts are a driving force at the stage of resources allocation and use of financial instruments (Derivatives). But how the exchange rates intervene as a decisive economic variable and in which sectors they deliver benefits or vice-versa? Milton Friedman gives his opinion to this question, starting by responding on the effects over exchange rates through monetary policies; he says â€Å"†¦..monetary policy actions affect asset portfolios in first instance, spending decisions in the second, which translate into effects on output and then on prices. The changes in exchange rates are in turn mostly a response to these effects of home policy (on output and prices?) and of similar policy abroad†¦..†[5]. If one assumed Friedman’s comments, domestic policies move exchange rates affecting decisions in a certain order. With regards to international trade, one of the most compelling examples on how exchange rates affect the performance of particular sectors compared to others is the case of the British economy. On one hand an overvalued pound has jeopardised to some extent the lack of competitiveness of the industrial production and exports in the UK by soaring internal prices and changing the productive structure of the country. Conversely, on the other hand the levels of interest rates together with a strong currency have triggered capital inflows, which are being allocated on different asset classes and also in the continuous boost of service sectors (i.e. Financial Services). To understand the mechanism linking imports and exports with exchange rates, Maurice Levi (1990) explains that on a supply and demand setting the supply curve of a currency illustrates the quantity of that currency supplied and the price of the currency, given by the exchange rate, the supply curve of a currency is calculated as a result of a country’s demand for imports. This event occurs when buyers pay for imports that are sold in foreign currency, then the country’s recipients of the goods must sell their domestic currency for the requested foreign exchange and when imports are invoiced in local currency the foreign beneficiary of the currency sells it. In any case imports result in the country’s currency being supplied. The amount of the currency supplied is equal to the value of imports.[6] On the contrary, the demand curve for a currency shows the value of the currency that is demanded at each likely exchange rate. The need to buy a country’s currency takes off from the need to pay for the country’s exports; the currency’s demand curved is derived from the country’s export supply curve, which shows the volume of exports at each price of exports[7]. To summarise the answer, exchange rates send strong signals to both, portfolio investors and international traders; however the degree of the effect varies depending on the competitive position of the economy. In terms of traded goods, exchange rates place the level of international competitiveness of goods compared to the same goods in other country. On investment allocations such us bonds and equities, an exchange rates outlook is essential to sustain or withdraw positions. In relation to investments, exchange rate risk is generated by uncertainty in the future exchange rates at which the asset or liability will be converted into dollars. Thus, bonds, foreign stocks, real estates and accounts receivable and payable may be subject to exchange rate risk if their value in home currency is beaten by exchange rates. Concerning imports and exports of services such us tourism, banking services, consulting, engineering amongst others react to exchange rates variations in the same way as imports and exports of goods. (B) Collect data for 3 countries of your choice and assess the importance of the exchange rate for international equity investors. Use different investment horizons. Equity investors react to market sentiments, set out overall investment positions and individual strategies underpinned by economic forecasts. Decisions are based upon a group variables and future scenarios; for instance it is widely recognised the existing inverse relation between interest rates and equities. When interest rates are moved up by major central banks such us the Federal Reserve, European Central Bank (ECB), Bank of England and Bank of Japan, shares lose momentum and in most of the cases fall. In terms of foreign exchange conditions, investors go long on equities when they feel comfortable with correct valuation of the currency and if the economy’s balance of payments works in line with the external position of the country. In other words, the exchange rate is determined by the aggregated equilibrium between currency demand and supply. If any country is not in the position to sustain its competitiveness on its currency it sends strong signal for investment decisions. The following three countries US, UK and China have been selected to understand how bursaries respond or relate to changes in exchange rate: US Dow Jones (1-Y Horizon) US is a highly liquid market, Chart 1.0 shows market transactions above 2 billion US dollars a day sustaining levels over 1 year horizon. The Dow index moved up from 10500 (approx) in June 2005 growing by 3.8% (approx) to June 9th 2006. In chart 2.0 Euro gains grounds on the US dollar by almost 5% over the same period as shown on the Dow Jones outlook above. Thus, Euro appreciated by 5% against US dollar and Dow Jones with a slight growth without losing transaction levels. Hence, no particular direct correlation is found on the two variables (Exchange rate and Stock Index). However, it is relevant to clarify that more components such us interest rates expectations, unemployment levels in the US and Euro land, mortgage activities, retail index and companies profitability have an effect on these trends. UK FTSE (2-Year Horizon) In a 2-year Horizon, FTSE shows strong momentum soaring by 22% (approximately from 4500 to 5500); uptrend with a relevant drop in June 2006 due to oil prices and decision on interest rates accommodation by the FED and ECB. This analysis in terms of the pound outlook shows two scenarios for the currency. In 2004 starts at GBP/USD1.82 falling to its 18-month lowest level to 1.72 (5.8%), then it picks up again and in less than 5 months rebounds to 1.85. Again the analysis does not find a direct relationship between a positive steady FTSE trend and sterling variations. CHINA Shanghai Composite 6-Month Horizon The third example involves Chinese Yuan and US Dollar, which have experienced international trade growth five times faster than in 1990s decade. On one hand, Chinese moved from being the 9th most important destination for US Exports to being currently the 4th delivering an impressive uptrend in 2005 above 20% increase (United States Trade Representatives, 2006). On the other hand, the effect of Chinese exports has been stronger, in 2004 china’s trade surplus with the US increased by 24.5% to 202 billion US dollars, the largest between two economies according to the Economic Policy Institute in 2006. Over the last 6 months, the Chinese Yuan has not followed a revaluation against the US Dollar; as it would have been expected due the international trade context explained before (only 2% appreciation). In relation to the Shanghai composite index, it has experienced spectacular growth outperforming other stock markets (44% increases in the same period). Based on these figures, the analysis indicates, exchange rate is not the driving factor to buy stock in China; investors continue forecasting strong growth in Chinese listed companies due to strong internal market performance, domestic consumption as well as industry development. 3- Today is the 16th of December 1998.You are a small importer/exporter having to pay  £5,000,000 on the 26th of February 1999.You are concerned about exchange rate risk and you are considering using currency futures to hedge your currency risk. What would be your hedged and unhedged outcome with hindsight? Carefully explain what will happen over this hedging period with your margin account. One Pound Sterling futures contract is  £62,500 and the initial and maintenance margins are $2,295 and $1,700 respectively. Answer: (Using spreadsheet â€Å"Market†) and concepts from Brian Kettell (Financial Economics p321-330) In futures the principle is to sell what is overpriced and buy what is underpriced. In this example if the GBP/USD is overpriced (futures) less US dollars per Sterling pounds you should sell the futures contract on February 26th 1999 (Long Position in the Spot Market), which means purchase GDP/USD at the Spot Rate Spot Price Futures GBP/USD 1.6750-08 1.6060-1.5998 (at a Premium) The advice for the US importer is to protect the US value by hedging 80 contracts of Sterling Pounds using futures contracts. However, in this case the US dollar as of February 26th when the payment will be made, the futures price shows a US dollar at a premium, which means, the dollar will appreciate. Action: Unit of Trading  £ Pounds Go long in the future market selling your futures contract (right to deliver at 1.6060) and holding on at the the Spot Market. Currency Hedge US dollar against British Pound:  £5.000.000 at a spot rate February 26th 1999: Action buy future Contracts:  £62.500 Number of contracts: 80 Value locked on December 16th 1998:  £62.500 x 1.6750= US$ 104.687 Value of each futures contract on February 26th 1999: £62500 x 1.6060 = US$ 100.375 Net Profit of each contract: US$4. 312 x 80 = US$ 344.960 (Hedging profits) At the end of the period, without hedging you would have benefited as US dollar got appreciated. However, with hedging you will obtain profit margins of US$ 4312 in each contract improving your initial margins. Bibliography Bank of England Statistics available at: http://www.bankofengland.co.uk/statistics/index.htm Economic Policy Institute available at: http://www.epinet.org/content.cfm/webfeatures_econindicators_tradepict20060210 The Economist Big Mac Index available at: http://www.economist.com/markets/bigmac/displayStory.cfm?story_id=4065603 Federal Reserve Statistics available at: http://www.federalreserve.gov/datadownload/Build.aspx?rel=H15 Kettell, B. (2001) Financial Economics, Making Sense of Market Information: Prentice Hall: London Levi, M (1990). International Finance, the Markets and Financial Management of Multinational Business. McGraw-Hill Series in Finance: United States MacDonald R, Taylor M, (1992). Exchange Rate Economics Volume I â€Å"Monetary Policy and International Competitiveness: The problems of adjustments Willem H. Buiter and Marcus Miller, Published by Edward Elgar: England Walmsley, J. (1996). International Money and Foreign Exchange Markets, An introduction. Published by John Wiley Sons Ltd Baffins Lane Chichester. West Sussex Appendix Appendix I. Daily Data End month average Daily forward weighted interest premium/discount rate, instant Daily average of 4 rate, 12 months, US Spot exchange rate, access deposit, UK Banks base rates Dollar US $ into Sterling Bank branch accounts IUDAMIH XUDLDFY XUDLUSS IUMTHAI 04-Jan-05 4.75 -3.075 1.8833 n/a 05-Jan-05 4.75 -3.005 1.8881 n/a 06-Jan-05 4.75 -2.97 1.8754 n/a 07-Jan-05 4.75 -2.925 1.868 n/a 10-Jan-05 4.75 -2.905 1.8748 n/a 11-Jan-05 4.75 -2.85 1.877 n/a 12-Jan-05 4.75 -2.895 1.8932 n/a 13-Jan-05 4.75 -2.85 1.8806 n/a 14-Jan-05 4.75 -2.755 1.8684 n/a 17-Jan-05 4.75 -2.715 1.8593 n/a 18-Jan-05 4.75 -2.85 1.8669 n/a 19-Jan-05 4.75 -2.895 1.8769 n/a 20-Jan-05 4.75 -2.93 1.8706 n/a 21-Jan-05 4.75 -2.92 1.8693 n/a 24-Jan-05 4.75 -2.94 1.8757 n/a 25-Jan-05 4.75 -2.89 1.8647 n/a 26-Jan-05 4.75 -2.955 1.8815 n/a 27-Jan-05 4.75 -2.945 1.8864 n/a 28-Jan-05 4.75 -2.935 1.8829 n/a 31-Jan-05 4.75 -2.92 1.8859 2.18 01-Feb-05 4.75 -2.9 1.8799 n/a 02-Feb-05 4.75 -2.895 1.8848 n/a 03-Feb-05 4.75 -2.84 1.8794 n/a 04-Feb-05 4.75 -2.885 1.8858 n/a 07-Feb-05 4.75 -2.835 1.8657 n/a 08-Feb-05 4.75 -2.855 1.8561 n/a 09-Feb-05 4.75 -2.965 1.8578 n/a 10-Feb-05 4.75 -2.95 1.8712 n/a 11-Feb-05 4.75 -2.96 1.8654 n/a 14-Feb-05 4.75 -2.945 1.8869 n/a 15-Feb-05 4.75 -2.935 1.8872 n/a 16-Feb-05 4.75 -2.83 1.8786 n/a 17-Feb-05 4.75 -2.81 1.8906 n/a 18-Feb-05 4.75 -2.79 1.8944 n/a 21-Feb-05 4.75 -2.8 1.897 n/a 22-Feb-05 4.75 -2.9 1.9057 n/a 23-Feb-05 4.75 -2.985 1.906 n/a 24-Feb-05 4.75 -2.955 1.9077 n/a 25-Feb-05 4.75 -2.89 1.9153 n/a 28-Feb-05 4.75 -2.89 1.9257 2.18 01-Mar-05 4.75 -2.875 1.9198 n/a 02-Mar-05 4.75 -2.94 1.9101 n/a 03-Mar-05 4.75 -2.9 1.9084 n/a 04-Mar-05 4.75 -2.885 1.9258 n/a 07-Mar-05 4.75 -2.87 1.9139 n/a 08-Mar-05 4.75 -2.86 1.9311 n/a 09-Mar-05 4.75 -2.835 1.9212 n/a 10-Mar-05 4.75 -2.77 1.9236 n/a 11-Mar-05 4.75 -2.72 1.927 n/a 14-Mar-05 4.75 -2.64 1.9119 n/a 15-Mar-05 4.75 -2.61 1.9157 n/a 16-Mar-05 4.75 -2.65 1.9284 n/a 17-Mar-05 4.75 -2.595 1.9237 n/a 18-Mar-05 4.75 -2.555 1.9155 n/a 21-Mar-05 4.75 -2.515 1.8962 n/a 22-Mar-05

Multicultural backgrounds Essay

Both of these poets John Agard and Sujata Bhatt write poems about their multicultural backgrounds. In John Agard’s poem â€Å"half-caste† he starts off with Standard English. But as he goes on through out the poem he uses Caribbean dialect. His poem is about his feelings towards being multicultural. He feels angry, sad and is questioning his audience. In Sujata Bhatt’s poem â€Å"search for my tongue† she has many feelings about her mother tongue and how she doesn’t want to lose her first language. She is feeling sad because she thinks she is loosing her mother tongue but it comes back in her dream and she feels happy again. John Agard was born in Guyana but moved to England in 1977 so he has lived in England for 30 years. John Agard finds the term â€Å"half-caste† insulting and wants people to know how he feels about being mixed raced. Sujata Bhatt is like John Agard because she was born in India but moved when she was young. Sujata Bhatt moved to the United States. This is where she learned her English. She married a person from Germany, where she later then moved to. She wrote this poem â€Å"search for my tongue† because she was afraid of loosing her mother tongue Gujarati. In â€Å"half-caste† John Agard demonstrates a lot of emotions. He is angry in his poem he says â€Å"ah rass† this is a term of discust. John Agard is being ironic when he says â€Å"I offer you half a hand† you would expect him to offer you a whole hand. How can you offer half a hand? John Agard is also trying to be humours, when he refers to things as half. Like the English weather â€Å"yu mean when light on shadow mix in de sky is a half-case weather† John Agard is trying to put across that the English sky is never one colour it’s a mixture of colours like blue, white, grey. This links in with his multicoloured background because they are different colours just like he is. Sujata Bhatt also uses a lot of emotions in her poem. Sujata Bhatt feels sad when she says â€Å"If you had two tongues in your mouth, and lost the first one, the mother tongue† she feels like she didn’t get to know her mother tongue and feels sad that she don’t know her first language. Sujata Bhatt thinks that her mother tongue would not come back to her in the first part of the poem. So the first two stanzas of her poem are about her sadness. However when she realises her mother tongue is back she feels happy â€Å"it grows back, a stomp of a shoot† she is feeling pleased that she can remember Gujarati again. Sujata Bhatt felt that she had lost her mother tongue forever but when she realised that it came back she was relieved that she still knows Gujarati. No one would want to there mother tongue. The tone in John Agard’s poem â€Å"half-caste† is said in an angry tone. John Agard is warning those people who call him half-caste, as John Agard finds the word â€Å"half-caste† offensive. John Agard says â€Å"explain yuself wha yu mean† it’s as if someone as called John Agard half-caste and he wants to know the reason why they have called him half-caste. John Agard is thinking that being half-caste doesn’t mean he should be called something different. Through out the poem John Agard’s tone does change. He starts being perplexed. He has given the audience reasons in which being half-caste is such a beautiful thing. Like Picasso’s paintings â€Å"when yu say half-caste yu mean Picasso† Picasso’s paintings are colourful and bright. In Sujata Bhatt’s poem â€Å"search for my tongue† her tone is sad. As he thinks her mother tongue has gone. Through a long period of time her tone is sadness. However after the Gujarati Sujata Bhatt’s tone changes. Her tone becomes happier as her mother tongue comes back to life â€Å"the bud opens, the bud opens in my mouth† her tone becomes a happier. This style of tone carries on. Sujata Bhatt’s tone changes just like John Agard’s tone. They both start off in a sad way but as the poem progresses the tone changes to a more happier tone.

Religion and Women Empowerment - 3057 Words

Is religion made for human or only for man? Religion is often the most vital and considerable aspect in most of the people’s life throughout the world but often plays a negative role for women empowerment. Women are suppressed, disregarded and abused by every religion in the world. Most of the religions consider women as the second class human that refers men are the first who will be benefited by the religion (Tanzim). The patriarchal society is structured in such a way where women actually have less power to raise their voice against the society which is dominating them and always being an obstacle in their way of freedom and prosperity. However, surprisingly, it is conspicuous that comparatively women are more religious and involved in†¦show more content†¦Women’s life have been limited by establishing rules and regulations that control reproduction, by establishing male hierarchies that perpetuate male dominance and female submissiveness within the family a nd within the religion, including institutionalized mal leadership, scholarship, and power within each religion and the absence of women as deities, historical figures, role models, or priestly officiates (Siegel, Choldin and Orost). One of the boundaries of women in the patriarchal society is that it does not welcome women to go outside and be involved in different outside activities. As women have restriction in their dress code, in some, more fundamentalist Islamic societies, women’s bodies are to be completely concealed at all times; even if she must venture out in public in the first place, she must hidden under a chador (Crandall). 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The Women s Suffrage Movement Essay - 1153 Words

For decades, women struggled to gain their suffrage, or right to vote. The women’s suffrage movement started in the decades before the Civil War, and eventually accomplished its goal in the year of 1920 when the 19th Amendment was ratified into the U.S. Constitution. After the U.S. Civil War, the women’s suffrage movement gained popularity and challenged traditional values and sexism in the country; the increase of progressive social values benefited the women suffragists by allowing them to succeed in passing the 19th Amendment which changed the role of women in society, guaranteed them a voice in politics, and encouraged future generations to struggle for women’s equal rights. It’s important to realize that prior to the 19th Amendment, many states had already given women the right to vote. Therefore, women in certain states, were allowed to vote alongside with men. The first state to guarantee the vote for women was Wyoming in 1869 which at that time was considered a territory. The western states that gave women the right to vote in 1869-1914 were Washington, Oregon, California, Montana, Idaho, Nevada, Wyoming, Utah, Arizona, Colorado with the exception of Kansas and Illinois that were located elsewhere. The sex ratio in these states is a major reason why the state legislations granted women suffrage. Since there were far more men than women in the west, there was much lower risks to political stability. Women may have gained the vote in these states; however, theyShow MoreRelatedWomen s Suffrage And The Suffrage Movement Essay1492 Words   |  6 Pagesnyone know what the Women’s Suffrage is about? The Women’s Suffrage Movement is about the struggle for women to have equal rights as men such as vote, and run for office.What about the leaders of the suffrage? The most well known women’s rights activists were Susan B. Anthony, and Elizabeth C. Stanton. Does anyone know what amendment gave women the right to vote? The nineteenth amendment. The nineteenth amendment to the United States forbids any US citizen to be denied the right to vote based onRead MoreThe Women s Suffrage Movement1553 Words   |  7 Pagesall American women had the right to vote, and were granted the same rights and responsibilities as men in terms of citizenship. Until this time, the only people who were allowed to vote in elections in the United States were male citizens. For over 100 years, women who were apart of the women’s suffrage movement fought for their right to vote, and faced many hardships and discrimination because of it. The American women’s suffrage movement was one of the most important political movements in historyRead MoreThe Women s Suffrage Movement1077 Words   |  5 PagesLife for women before August 18th,1920, was unequal to men (Adams, page 11). They did not have the right to vote nor were they able take action in anything. They also did not have a say in anything surrounding them. Government decisions were only taken by men. As years went by, women felt the need that they had to have a say in stuff. Today nearly fifty percent of the population in the United states are Women according to census. Considering that the average woman takes part of governmental electionsRead MoreThe Women s Suffrage Movement961 Words   |  4 PagesLate 19th century leader of the women’s suffrage movement, Lucy Burns was born in Brooklyn, New York on July 28, 1879 to a family that believed in gender equality. Her father Edward Burns believed that women should have an education and that they should work to improve the society. As the fourth child of the eight, Lucy Burns grew up as a pro women’s suffragist who later co-founded the Congressional Union with Alice Paul. (American) Burns graduated from Vassar College in Poughkeepsie, New York inRead MoreThe Women s Suffrage Movement1952 Words   |  8 Pagesdocument. She was one of the earliest woman suffrage activists and her words towards her husband would eventually snowball into one of the most remembered suffrage movements in the history of the United States (Revolutionary Changes and Limitations). The women’s suffrage movement picked up speed in the 1840-1920 when women such as Susan B. Anthony, Carrie Chapman Catt, and Alice Paul came into the spot light. These women spearheaded the women suffrage movement by forming parties, parading, debating,Read MoreThe Women s Suffrage Movement1443 Words   |  6 PagesThe woman suffrage movement, which succeeded in 1920 with the adoption of the Nineteenth Amendment, coincided with major national reform movements seeking to improve public education, create public health programs, regulate business and industrial practices, and establish standards agencies to ensure pure food and public water supplies. In 1870, the first attempt that Virginia women, as a campaign, fought for the right to vote in New Jersey when native Anna Whitehead Bodeker invited several men andRead MoreThe Women s Suffrage Movement889 Words   |  4 Pagesled the campaign for women’s suffrage during Wilson s administration. 2. NAWSA: National American Woman Suffrage Association. Founded by Elizabeth Cady Stanton and Susan B. Anthony to secure the vote for women. 3. True Womanhood: (1820s-1840s) Idea that the ideal woman should possess the traits of piety, purity, domesticity submissiveness. 4. President Woodrow Wilson: Was against the women’s suffrage movement. 5. Jeannette Rankin (Montana): In 1916, before women could legally vote, she becameRead MoreThe Women s Suffrage Movement963 Words   |  4 Pagesonce quoted, â€Å"If you want the rainbow, you have to put up with the rain.† This quote helps understand the impact the Women’s Suffrage Movement makes on the present day. In 1848 the battle for women’s privileges started with the first Women s Rights Convention in Seneca Falls, New York. On August 26, 1920, the 19th Amendment, which provided full voting rights for women nationally, was ratified in the United States Constitution when Tennessee became the 36th state to approve it (Burkhalter). FreyaRead MoreWomen s Suffrage Movement : Women1440 Words   |  6 PagesLakyn Young Mrs.Martinez English IV, 1st hour April 24, 2016 Women’s Suffrage Movement In the late 1800’s through the early 1900’s, women were not given the rights they have today and were being mistreated, but because of a few brave women who gave up their lives to fight for what they knew was right, this all changed. Many of these women were educated and brave, but were still denied their rights. Women have suffered through this long battle to get what they knew they deserved and took time outRead MoreWomen s Suffrage Movement : Women1440 Words   |  6 PagesLakyn Young Mrs.Martinez English IV, 1st hour April 24, 2016 Women’s Suffrage Movement In the late 1800’s through the early 1900’s, women were not given the rights they have today and were being mistreated, but because of a few brave women who gave up their lives to fight for what they knew was right, this all changed. Many of these women were educated and brave, but were still denied their rights. Women have suffered through this long battle to get what they knew they deserved and took time out