Gentrification Of Downtown Kansas City - 1856 Words

Gentrification can be defined simply as the shift in the makeup of the people in a community. It is the transition in a community from a run down, poorer area to a more wealthy demographic. Gentrification starts with the increase of property values caused by brokers and real estate agents. These brokers and real estate agents usually benefit the most from gentrification. Businesses that are moving in are storefront coffee shops, cafes, boutiques, etc. Since these newer, nicer shops are occupying the storefront, the rent for the apartments above rise, causing many people to lose their homes. The new tenants that move into these apartments are typically young and hip. They prefer to hang out at these coffee shops below. These new landlords are more in touch with the demographic changes and are looking to change the area in order to make money. The older, current landlords do not see a need for change. Some people will argue that gentrification is inevitable. While gentrification is ha pping all over the world, I did my research specifically on downtown Kansas City, Missouri, Harlem, New York, and DUMBO, Brooklyn, New York. Gentrification comes with both positive and negative effects. These three areas each show a unique perspective on gentrification. An example of gentrification that has already happened in New York is DUMBO; it stands for â€Å"Down Under the Manhattan Bridge Overpass.† DUMBO is an older area of Brooklyn. David Walentas is the founder. David Walentas made aShow MoreRelatedOrganisational Theory230255 Words   |  922 Pagessociety from agrarian to industrial. The concept of division of labour lay at the very Case study Making pins in Gloucester, England Pinmaking by hand started in the early 1600s in Gloucester, England. By 1802, there were nine factories in the city employing 1,500 people and exporting pins to North America and Spain. It was an industry that required the skills of a number of different artisans. Adam Smith, the pioneering economist, considered pinmaking a classic example of the ‘division of labour’