Gentrification

GENTRIFICATION in Hackney - Regeneration or Degeneration?

movie taken in Hackney, London, July 2006 by Tom Slater

As a constantly evolving urban center and due to a continually ever-changing nature of modern prudence, London has always been adapting and readjusting itself. These adjustments are in part spatial manifestations that reflect and result in cultural and social changes. Eagland (2000)

A result of these changes is the process called Gentrification, term that has its origins in the word gentry which denotes people of good social position, specifically the contour of people next below the nobility in position and birth. Neil metalworker sees Gentrification as the process () by which poor and working year neighborhoods in the inner city are refurbished via an influx of private capital and middle class homebuyers and renters neighborhoods that had previously experienced disinvestment and a middle class exodus. Smith (1996)

Following the Industrial Revolution of the previous century, London in the middle of the 20th century was still considered to wipe out an economy mainly based in the manufacturing industry with consequently a large working class population living in poor rented terraced houses in the inner city.



However the 60s and 70s brought the decline of the manufactures and an change magnitude working population employed in finance and traffic services as the City of London became gradually atomic number 53 major financial centre, which nowadays is considered one of the world threesome command centres for the global economy. This had immense impact in the residential occupancy of the inner city which saw young professionals displacing and transposition working class families that eventually became unemployed. Ruth Glass say in 1964:

One by one, many of the working class quarters of London have been invaded by the middle classes amphetamine and lower. Shabby, modest mews and cottages () have been taken over, when their leases expired and have become elegant, expensive residences....If you want to get a adequate essay, order it on our website: Orderessay



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