Word: south
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...University’s ownership of stock in companies that conducted business in South Africa and the country’s status as an apartheid state continued to stir debate on campus well into the 1980s and attracted national media attention...
...Crimson in September 1985 reported that the University held about $430 million in South Africa-related investments. This amounted to about 19 percent of the $2.3 billion endowment...
...student-led push for Harvard to divest from companies doing business South Africa came amidst the country’s continued marginalization from the international community—South Africa had been barred from the General Assembly of the United Nations and was not allowed to participate in the Olympics. The South African government also faced other countries’ attempts to ban international trade with the state and it desperately needed loans from the International Monetary Fund...
...Meanwhile, students at Harvard organized discussions, forums and protests to raise awareness and encourage divestiture from South Africa...
...idea of the event, which was cosponsored by the Harvard Race Relations Foundation, was first suggested during a hunger strike the previous spring to protest the University’s policy on divestiture. More than 19 undergrads and one professor fasted for a week to protest Harvard investments in South Africa. That same year, seniors established the Endowment for Divestiture, with the intention that Harvard would receive the money only when it divested. The end of the hunger strike in the spring of 1983 coincided with a meeting of the Advisory Committee on Shareholder Responsibility (ACSR), comprised of students, faculty...