Well, let's just clear this up.
Elves = Master Race of pure genetics and Nordic/Viking blood, pagans
Forest Elves = Germanic/East Europoors, pagans
Humans = 'honorary' Elves, sort of like slavs, who can pass for Caucasoids at need
Dwarves = Jews
Goblins = blacks
Orcs = corrupted Elves, meaning Muslims & general middle Eastern swarthiness, anything brown and non-Christian
Uruk-Hai = mulattos that believed Saruman when he told them they were white
Hobbits = comfortably well-off middle class Brits on permanent dole, fanciers of bong and pint
Rivendell/Lothlorien = Livonia & Scandinavia
Gondor = Germany/Austria
Rohan = Irish-Mongolians
Bree = Amsterdam, Portugal, Italy
the Shire = Brits living and interbreeding with French, random Belgians
Sauron's army = mongrel mix of Americunts and denizens escaping from Detroit, Africa, Central & South America> t. Glad I could help.