Unethical Banking Practices And The Financial Crisis

A house is not just brick and concrete, but rather a haven with which our lives and our memories are forever connected, but the economic downturn of 2007 reminded us all that this haven should not be taken for granted because it can all go up in smoke in an instant. When the economy collapsed, many qualified individuals lost their jobs, and thereby lost their means for making their monthly mortgage payments, and ultimately ended up losing their homes. The ARM’s that the banks had extended to subprime borrowers ended up crippling and debilitating them even more. What appeared to the banks as smart business ultimately ruined our housing market. Though in retrospect it is clear that a combination of unethical banking practices and a lack of strong regulation were key components to the financial crisis, this was ultimately a black swan event that took us all by surprise. Sure, markets can be reasonably forecasted just like the weather, but there is always a possibility of a storm flying under the radar, unnoticed, until it’s too late, and that is exactly what the financial crisis was. Along with reassessing our banking practices and procedures, we must also work to revitalize our housing market, because it is an integral part of our economy, seeing as how house ownership is a quintessential part of the American dream, and how seven years ago, many saw that dream come crashing down right in front of them. People lost jobs, homes, and even their lives because of this majorShow MoreRelatedThe Financial Crisis Of 20081384 Words   |  6 PagesThe turmoil in the financial markets also known as the financial crisis of 2008 was considered the worst financial crisis since the Great Depression. Many areas of the United States suffered. The housing market plummeted and as a result of that, many evictions occurred, as well as foreclosures and unemployment. Leading up to the financial crash, most of the money that was made by investors was based on people speculating on investments like real estate, stocks, debt buying, and complex investmentRead MoreCountrywide Financial : A Large Diversified Financial Service Provider1018 Words   |  5 Pages Countrywide Financial was a large diversified financial service provider. They operate in five business segments, those being mortgage banking, banking, capital markets, insurance, and global operations. Countrywide was the largest market share among U.S. mortgage originators before unethical actions caused the downfall of the firm. Problems in Countrywide’s loan practices were evident. After the financial crisis of 2008 Countrywide was found to be a si gnificant contributor to the subprimeRead MoreThe Crisis Of The Subprime Loan Scandal1222 Words   |  5 Pagescame from the exploitation of homeowners during the subprime loan scandal. In the financial industry, Lewis (2010) defines the awareness of top executives and bank loan officers that participated in giving out these loans, More so, an interview with Steve Eisman reaffirms the fully conscious role that loan officers played in allowing individuals without good credit ratings to take these loans. In many cases, the banking industry argued that it was the fault of those that took the loans, but it was actuallyRead MoreLehman Brothers Case Study1703 Words   |  7 Pagesthis crisis. By the Lehman Brothers commercial real estate investments failing, they were not able to efficiently finance its operations. This was all because of the 2008 commercial mortgage financial disaster. In this research, I will use Assignments 1 research as the foundation to explain how the Lehman Broth er crisis affects business, to give managers advice, to explain if this could happen again and to provide insight on how the Lehman brothers have affected someone or me I know. Crisis ImpactRead MoreCountrywide Financial Corporation And The Subprime Mortgage Crisis1183 Words   |  5 PagesCountrywide Financial Corporation and the Subprime Mortgage Debacle In order to discuss the financial crisis of 2008, a person must understand the history of the mortgage industry. This case study shed light on one of the leading companies in the mortgage industry, Countrywide Financial, helping people recognize the events that led up to the crisis of 2008 by providing a breakdown of the company and showing the range of their operations (Eastburn, 2010, p. 247-262). To help people understand theRead MoreEthical Norms Of The Workplace Essay1727 Words   |  7 Pageshad to make a decision and the other did not have to.† (Bouville, 2008). In contrast to being a silent observer of unethical actions, an employee may make the choice to speak out against the actions of their employer or coworkers in a behavior known as whistle-blowing. â€Å"Whistle-blowing is the act, for an employee (or former employee), of disclosing what he believes to be unethical or illegal behavior to higher management (internal whistle-blowing) or to an external authority or the public (externalRead MoreAnalysis Of Morgan Security Audit Pricewaterhouse Cooper1095 Words   |  5 PagesThe Accountancy Actuarial Discipline Board, financial regularity authority in United Kingdom, for wrongly reporting that J P Morgan have complied with statutory requirement. This negligence in performing professional duties, lead to huge loss in clients’ money. JPMorgan Chase Co. is a financial holding company and is one of the oldest financial institutions in the United States of America. It’s business operations are investment banking, financial services with four divisions and a CorporateRead MoreAnalysis Of Chase Co. s Culture Essay1648 Words   |  7 Pagesaspiring to work within a large financial services bank and actively participating in the recruitment process creates a personal connection and relevance to understanding JPMorgan Chase Co.’s culture. The core of the bank has existed for over two hundred years and has become the giant it has through several mergers and acquisitions over its history. On top of this, Wall Street and the businesses that occupy it are continuously under public scrutiny due to the unethical behaviors that tend to be commonRead MoreEssay on Overview of the Recent Financial Crisis in the US1468 Words   |  6 Pages1. Introduction The financial crisis started in the USA because of subprime mortgage crisis in 2007. As a consequence of it, a credit crunch was originated and it quickly spread from the real state sector to other sectors, and furthermore, from USA to other countries. This caused a series of financial and economic crises like the collapse of housing markets in Europe, the global stock markets, global financial systems and markets, along with a lot of large banks and financial institutions, as (SunRead MoreProblems, Solutions and Prospects for the Development and Progress of the Banking Industry in Nigeria1209 Words   |  5 PagesUSENI YUSUF ONWUDE MBF/ADMIN/0483/2009-2010 [pic][pic]INTRODUCTION SOLUDO.C (2004: 4) The Nigerian banking system has undergone remarkable changes over the years, in terms of the number of institutions, ownership structure, as well as depth and breadth of operations. These changes have been influenced largely by challenges posed by deregulation of the financial sector, globalization of operations, technological innovations and adoption of supervisory and prudential requirements

Financial Statements Of Financial Statement Fraud

Financial Statement Fraud Financial statement fraud is any intentional or grossly negligent violation of generally accounting principles (GAAP) that is undisclosed and materially effects any financial statement. Fraud can take many forms, including hiding both bad and god news. Research shows that financial statement fraud us relatively more likely to occur in companies with assets of less than $100 million, with earnings problems, and with loose governance structures (Hopwood, Leiner, Young, 2011). Financial statement fraud is usually a means to an end rather than an end in itself. When people cook the books they may doing it to buy more time to quietly fix business problems that prevent their entities from achieving its expected earnings or complying with loan covenants (Fraud Magazine, 2014. It may also be done to obtain or renew financing that would not be granted or would be smaller if honest financial statements were provided. People intent on profiting from crime may commit financial statement fraud to obtain loans they can then siphon off for personal gain or to inflate the price of the company s shares, allowing them to sell their holdings or exercise stock options at a profit (Fraud Magazine, 2014). However, in many past cases of financial statement fraud, the perpetrators have gained little or nothing personally in financial terms. Instead the focus appears to have been preserving their status as leaders of the entity - a status that might have been lostShow MoreRelat edFinancial Statement Fraud And Corporate Financial Fraud1310 Words   |  6 PagesFinancial Statement Fraud Background Financial statement fraud is one of the biggest types of fraud in today’s business world. The complexity and mechanism of financial statement fraud brought the attention of auditors and regulators. Financial scandals of Enron, WorldCom, Xerox, Tyco, Parmalat, Qwest, and Satam Computers increased the auditors’ responsibility in detecting and preventing fraudulent transactions. Corporate financial fraud had negative consequences for the market capitalization dueRead MoreInvestigation Of Financial Statement Fraud780 Words   |  4 PagesInvestigating Financial Statement Fraud Background Financial Statement is the heart and soul of the business industry as it provides the financial condition of the company and the going forward initiatives of the corporation, therefore it is critical that the financial statement is free from manipulation and misstatement to be material and useful for stakeholders and other earning statement users. Goel and Gangolly (2012) implied that top management knows the financial statement users will perceiveRead MoreFinancial Statement Fraud : A Perfect Fraud Storm1304 Words   |  6 PagesFinancial statement fraud is something that has become more commonplace than it should be. Many different events will often lead up to a rash of companies participating in financial statement fraud. Between the year 2000 and 2002 there were a number of factors that led to what appeared to be a perfect fraud storm according to our text (Albrecht, Albrecht, Albrecht, Zimbelman, 2012). Nine of those will be looked at here. It will also be discussed as to what some of the common ways financialRead MoreUnderstanding Financial Statement Fraud And Financial Statements1730 Words   |  7 PagesUnderstanding Financial Statement Fraud Anna Gallagher American Public Universityâ€Æ' Understanding Financial Statement Fraud Financial statement fraud is any intentional or grossly negligent violation of generally accounting principles (GAAP) that is undisclosed and materially effects any financial statement. Fraud can take many forms, including hiding both bad and god news. Research shows that financial statement fraud us relatively more likely to occur in companies with assets of less than $100 millionRead MoreFinancial Statements Fraud56771 Words   |  228 PagesGraduate School 6-1-2008 Detecting financial statement fraud: Three essays on fraud predictors, multi-classifier combination and fraud detection using data mining Johan L. Perols University of South Florida Follow this and additional works at: http://scholarcommons.usf.edu/etd Part of the American Studies Commons Scholar Commons Citation Perols, Johan L., Detecting financial statement fraud: Three essays on fraud predictors, multi-classifier combination and fraud detection using data mining (2008)Read MoreFinancial Statement Frauds29904 Words   |  120 Pages2002:53 Financial Statement Fraud - Recognition of Revenue and the Auditor’s Responsibility for Detecting Financial Statement Fraud - Tiina Intal and Linh Thuy Do Graduate Business School School of Economics and Commercial Law Gà ¶teborg University ISSN 1403-851X Printed by Elanders Novum Abstract Financial reporting frauds and earnings manipulation have attracted high profile attention recently. There have been several cases by businesses of what appears to be financial statement fraudRead MoreFinancial Statement Fraud5172 Words   |  21 PagesFinancial Statement Fraud ACCT 710: Assignment 6-2 Shannon Baxley David Welch September 24, 2011 Table of Contents Abstract†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦3 Introduction†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦..3 Literature Reviews†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦5 Conclusion†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦..16 References†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦...18 Abstract This paper describes financial statement fraud (FSF) and how it may occur within companies. The reason of this study was to researchRead MoreQuestions On Financial Statement Fraud1889 Words   |  8 PagesFinancial statement fraud is a common way to commit fraud. There are many types of fraud that can be committed with financial statements, including timing differences, fictitious revenues, concealed liabilities, improper disclosures, and improper asset valuation. These fraud schemes can be prevented and detected with a variety of audit techniques. The auditing techniques applied depend on the type of audit that is been carried out. They depend on whether it is an internal audit or an external auditRead MoreFinancial Statement Fraud Schemes Essay727 Words   |  3 PagesFinancial Statement Fraud Schemes While evaluating Apollo Shoes, there are some areas of concern that are potential fraud schemes. Fraud can lead to the entire collapse of a company if not corrected, and will also affect share value and investor confidence. This paper provides an overview of the process of investigation along with recommendations for the company. As with any company, revenue recognition is an important part of operations for Apollo Shoes. Generally accepted accounting principlesRead MoreFinancial Statement Fraud Schemes : Worldcom Essay1374 Words   |  6 PagesFinancial Statement Fraud Schemes WorldCom was involved in two major forms of financial statement fraud schemes, overstatement of revenue and understatement of line costs (Vance, 2016). WorldCom was overstating there revenue by regularly monitoring revenue through the sales groups’ performances measured against the revenue plan (Vance, 2016). Every two to three months a meeting was held that brought each sales channel’s manager and they were obligated to present and defend their sales channel’s

Religious Symbols in Society Church vs. State Essay

In our daily lives, without even recognizing it, there are religious symbols present all around us. If we are carrying money, â€Å"In God We Trust† is a religious symbol that is present on our currency. If we happen to say the pledge of allegiance we are saying â€Å"one nation under God† which alludes to God and the Catholic religion. Around the holidays, there are Christmas decorations present everywhere, which are religious symbols of the Catholic faith. None of these things seem bad or harmful to anyone in any way. They are not harming anyone. Are they? Well, they are not harming anyone directly, but have impacted people because it is through the presence of these symbols that neglects all other religions and is feeding into the issue of the†¦show more content†¦This is when the issue of church and state also arises. Religion cannot be something that the state represents because the state should be promoting equality and not favoring one religion, many pe ople argue. Church and state need to be completely separated because it is when they are both involved that many issues arise. There are many instances where religious symbols are involved in church and state controversies such as the cross as a symbol, religious symbols in public schools, church and state involvement that is broadcasted in the media, and the use of religious symbols in the government; all of these examples prove one outcome which entails chaos, disagreement, and the need to find a solution. The symbol of the cross is an extremely well known worldwide symbol, which represents Jesus Christ who gave His life for His people and their sins. Overall, the cross represents the Catholic religion. A controversy arose and is highlighted in the article â€Å"Wandering in the Desert: Justice Scalia’s Dangerous Plan to Secularize the Cross-,† which states an argument about the cross being changed into a symbol that represents all people of all religions in our country. The problem is that this symbol according to the article, â€Å"is instantly recognizable as a symbol of the Christian faith to people all over the world, Christian and non-Christian,† (p 14). This notorious and meaningful cannot simply be changed overnight. The issue arose when the use of the cross started toShow MoreRelatedThe First Ammendment and Dealing with the Separation of Church and State1741 Words   |  7 PagesDealing with the Separation of Church and State Is it unconstitutional for local, state or federal governments to favor one religion over another? Government can show favoritism toward religion by displaying religious symbols in public places at taxpayer expense, by sponsoring events like Christmas concerts, caroling, by supporting the teaching of religious ideas, or even by supporting the teaching of creationism in public schools. It appears the United States government has had a historyRead MoreTaboo: Religion vs. Government Essay961 Words   |  4 PagesSenior Rough Draft March 10, 2014 Taboo: Religion vs. Government Church, religion, belief, government? Whenever somebody mentions religion and the government in the same sentence, it seems to be very controversial. The word religion seems to frighten most of society these days, whereas the government and/or politics are discussed frequently. There is a thin line between religion and government. What is religion exactly? How do we as a society view religion differently than we have in the pastRead MoreRousseaus Impact On The French Revolution1636 Words   |  7 Pagesemergence of new bodies of power which would enforce just laws, the separation of church and state which would maintain stability within the stat, and the rise of Napoleon who came to save the disembodied France from ruin. The rise of the Jacobin Club and the Reign of Terror was a necessary evil as it revealed the need for a new body of power that wouldn’t allow for such an extremist group to rise and wreak havoc on society. â€Å"In addition, the middle-class members of the National Convention wrote a newRead MoreThe s Major Communal Centers : The Cathedral Complex, The Palazzo Pubblico, And The Piazza1254 Words   |  6 Pagesto the lush green landscape. Walking through the streets, you might see the Siena coat of arms in the windows, the Balzana, alongside depictions of the Virgin Mary, or a theme of black and white. You might see intricate carvings in the pavement, symbols from a different time. What you would be passing by is the history of Siena- the true fabric of the identity of this medieval community. But what is old, and what is new? What did being a part of this community in the thirteenth century mean, andRead MoreEssay about The Fear of the Noose in The Crucible by Arthur Miller713 Words   |  3 PagesSalem witch trials of 1692. It is a well built Puritan society in which the citizens are bonded with the church. During this time McCarthyism was in play, it was the anti-communist suspicions into the U.S. The theme in the story The Cruci ble was honesty and truth versus scapegoat. Arthur Miller used the noose to lead the reader to the theme of honesty vs. scapegoat. The noose represents the most prevalent symbol in The Crucible. The symbol, noose, displays death, fear, and hysteria throughout theRead MoreIntroduction Of Ireland s National Symbol1282 Words   |  6 PagesUniversity: Com 315 Date: June 17, 2016 Introduction to Ireland The country of Ireland’s national symbol is the harp; this can be seen on flags throughout the country as well as on the presidential seal. The national flag is green, orange and white, each color has a different meaning, the green is for the older Gaelic tradition or Roman Catholic, the orange is for the Protestant majority and the white is a symbol to show how the two different religions co-exist in peace. The National Anthem of the countryRead MoreInterpretation of the Establishment Clause986 Words   |  4 Pages In the First Amendment it states, â€Å"Congress shall make no law respecting an establishment of religion.† This is known as the Establishment Clause, and it has been a controversial topic of many Supreme Court cases throughout America’s history. There are three different methods of constitutional interpretation--textualism, intentionalism, and pragmatism—that have shaped the Supreme Court’s rulings on the Establishment Clause. Th e Establishment Clause is usually interpreted in two different ways:Read MoreReligious vs. Spiritual Essay1368 Words   |  6 PagesJenna Pagnotta Professor Reklis Faith and Critical Reason In our modern age, it seems as though fewer and fewer individuals are describing themselves as religious, instead opting for the term â€Å"spiritual†. This shift is most apparent in the United States, as mass attendance decreases, and society places more reliance on science and technology rather than religion. Sandra Schneiders’ essay discussing the definitions of spirituality and religion and the link between the two sheds light on howRead MoreEssay about Timeless Work: an Analysis of Marvin Gaye1053 Words   |  5 Pagesart of music. Born in the nations capital on April 2, 1939, Gaye’s ageless sounds and intriguing vocals still influence the world today. Gaye’s father, a minister in the Apostolic Church, played a foremost role in Marvin’s musical education. In fact, most of Marvin’s inspiration for religious topics came from the church music he grew up singing. Through the art of song, musical icon Marvin Gaye uses pathos, symbolism, and imagery with an objective to connect to listeners on tremendously personal levelsRead MoreWhy Polygamy Should Be Legal1728 Words   |  7 Pagesacceptable for a man to marry more than one woman and be open about it? A large number cannot and the practice of polygamy is seen as a taboo. The families usually live private lives, and they do not interact with the rest of America due to anti-bigamy society we live in. Polygamy is the practice of being married to more than one person at the same time. This is not to be confused with an open relationship or an open marriage. This topic was viewed as controversial for years. As a practice that was not

The Propaganda Of The Cold War - 1098 Words

David Hale Maureen McCarney English 112 Due: 10/7/2014 Propagating Patriotism For years people have used propaganda to sway the public into joining their side, and to hate the opposing argument and the people of said argument. During the Cold War the United States and Russia were both trying to win the hearts of their respective nations while fighting each other not physically of course but with tactics. To have a chance at winning one had to have the unconditional support of its people. Propaganda is an excellent way to spread a fear. This would make people turn a political ideology into an evil entity. In this deconstruction of the propaganda of the Cold War we’ll discuss the seven types of propaganda, and of those seven, which were used. The methods used to speak to the US public have changed significantly since then. Also the message being conveyed to the nation is completely different as well. Cold War propaganda has inspired movies, art, and many other forms of media that are still being produced to this day. The Cold War was a nuclear arms race between the Soviet Union (USSR) and the United States. Many people didn’t realize it was a war until around 1953 when the Soviets had come out with their own Hydrogen bomb. Once this was found out the race to have the most bombs began. Yes it sounds kind of ridiculous now seeing that we could and still can annihilate ourselves hundreds of times over. Nonetheless both sides carried on building bomb after bomb. To win thisShow MoreRelatedUS Propaganda and the Cold War: The Real Story1452 Words   |  6 Pageswhat makes it possible for normal people to kill other people in times of war. We call them towel heads or hajjis similar to during Vietnam when the enemy was known as gooks or Charlie, or in past conflicts the evil Hun, kraut, Nazi Pig, Commie, etc. It is unlikely, for instance, that Americans would have supported President Trumans decision regarding Hiroshima and Nagasaki without the years of propaganda and dehumanizing the Japanese some have even gone as far as indicati ng thatRead MoreThe Use of Propaganda in the Gdr During the Cold War2102 Words   |  9 PagesThe Use of Propaganda in the GDR During the Cold War More than any other wars, the Cold War was fought with words, mainly through the media as psychological warfare. Popular culture was used as a decoy to sway the opinions of the general public in support of various governmental institutions. In East Germany, political propaganda was frequently incorporated into film, journalism, and the mass media to promote socialism. East Germany was a close ally to the Soviet Union who fought to keep westernRead MoreVisual Print Media Propaganda During The Cold War1754 Words   |  8 Pages Visual print media propaganda in the Cold War Eva DeCesare and Jonathan Tseng- Period 1 Thomas Jefferson High School for Science and Technology Visual Print Media Propaganda in the Cold War The Cold War was a result of the post World War 2 era’s differing ideologies of the U.S.A. and the Soviet Union, capitalism and communism respectively (Lee, 2000). It ran from 1945 to 1991, but neither country ever directly fought the other. During this time, the U.S. exercisedRead MorePropaganda During The 20th Century And The Onset Of World War1741 Words   |  7 PagesPropaganda has always held sway over hearts and minds. Although the United States’ first large-scale wartime experience with propaganda in its semi-modern form of ‘yellow journalism’ took place during the Spanish-American War , primitive forms of it have existed since the days of â€Å"the tattoo-covered Caddo warrior, whose body attests to every victory, accomplishment, or god worshiped† and â€Å"Hannibal’s titanic war elephants advancing across the Italian plain.† Even â€Å"the ‘rebel yells’ of ConfederateRead MoreThe Exploitation of Media1147 Words   |  5 Pagestime, has allowed for messages of propaganda to be conveyed throughout the Cold War. Media was able to start movements such as â€Å"The Red Scare† and McCarthyism, where a new enemy was identified and pitted the Western world against the idea of Communism and the USSR. Films such as From Russia with love portrayed all Russian people as villains and helped reinforce the perception of the United States of America as being a superpower. Such films and ideas of propaganda played a role in British politicsRead MoreThe War Of The Cold War1644 Words   |  7 PagesThe Cold War was a state of political and military tension stemming from World War II fought primarily between the United States and the Soviet Union. Although the start and end dates of the Cold War are frequently disputed over, it is generally accepted that the conflict started at the conclusion of the Second World War and stemmed from the social climate and lingering tensions in Europe and the increasi ng power struggles between the Soviet Union and the United States. Along with economic separationRead MoreThe Cold War And The Soviet Union964 Words   |  4 PagesThe war between the United States and the former Soviet Union, referred to as the Cold War, was one in which no fighting occurred directly between the two powers. The primary reason for the war for the Soviet Union was to spread communism while the U.S. attempted to stop the spread of communism to make way for capitalism. The U.S. and the Soviet Union considered themselves different to their core, but they used identical tactics to fight this war. Although the Cold War was considered and arms raceRead MoreThe Cold War Between Communism And Communism1721 Words   |  7 PagesThe Cold War The conflict in ideologies between capitalism and communism resulted in one of the greatest conflicts of the twentieth century. The belief that freedom and democracy would die under communist rule caused the United States to start a conflict that would last for decades. The decisions made by the United States in W.W.II caused tensions to rise between the U. S. and the Soviet Union. Fear of Communism in capitalist nations, caused the United states government to use propaganda to raiseRead MoreThe Cold War Between The United States Of America And The Soviet Union1501 Words   |  7 PagesThe Cold War between the United States of America and the Soviet Union was not only a battle of political conflict but also a rivalry to spread political ideology and influence worldwide. Various pieces of propaganda and articles written during the time had largely impacted American popular opinion and had powerful effects on the culture among young men and women of the 1940’s and 1950’s . â€Å"The Red Iceberg† comic book cover, published and presented during the Cold War era, was one use of media thatRead MoreEssay on DBQ: Cold War1041 Words   |  5 PagesA war does not necessarily require a physical weapon to fight. From 1947 to 1991, military tension and ideological conflicts held place. Cold War is defined as a state of political hostility existing between countries, characterized by threats, violent propaganda, subversive activities, and other measures short of open warfare, in particular. The causes of the cold war between United States and the Soviet Union were the mutual distrust that had taken place in World War II, intense rivalry between

Poverty and Education Free Essays

OMAR BANDEH # 2122369 ENG 102 PROFESSOR LAWSON Topic Outline Thesis: Education is the most powerful weapon that can bring positive changes in a society. I. Empower an individual to be a model citizen A. We will write a custom essay sample on Poverty and Education or any similar topic only for you Order Now Educate him about his Rights B. Develop his self esteem II. Poverty alleviation A. Wide range of job opportunities B. Living standards increased C. Reduction in crime rate III. Eradicate Disease A. How to avoid it B. How to treat it C. How to live with it THE IMPORTANCE OF EDUCATION IN A SOCIETY Every nation especially third world countries should invest a substantial amount of their budget on education for it is the most invaluable asset that could transform an entire society. It was said by Aristotle that educated men are as much superior to the uneducated as the living are to the dead† if that is so then an uneducated society is as good as a dead society. After all education is the most powerful weapon that can bring positive changes in a society, it is the only weapon that can empower an individual in particular and a whole society in general, alleviate poverty and eradicate disease. The foremost aim of education is to empower an individual to be a model citizen and for that to happen he must know his rights and responsibilities. Without education, man is a splendid slave knowing not the difference between good and bad or his rights such as his freedom of speech, worship and movement, for only the educated are free. Free to make decisions, to face life, and to accept successes and failures. More over education is the only tool that can develop one’s personality, his self esteem and confidence for it is a combination of these that gives a person the ability to stand up against tyranny and oppression of any form. In a complex modern democracy, citizens must be educated for them to be able to participate in a nation’s democratic and developmental process. For example if Nelson Mandela was not educated he would not have been able to challenge the apartheid government thereby helping to bring it, to its end and in the process making the whole of South Africa free and colour blind. Secondly, the role of education in poverty eradication is crucial. There is overwhelming evidence that education is the one tool that children from poor families can use to break the cycle of poverty in which they are born in. A poor farmer’s son has the same opportunities to that of a president’s son if he is educated, for education provides the knowledge and skill with which an individual can use to get a job and earned a living on his own. It is only with an affordable education that a society’s poverty can be reduced and its living standards increased. And because poverty is a multidimensional social problem once it is taken care of, high crime and prostitution rates will dramatically reduced. Finally, disease, the one thing that can decimate an entire society especially an uneducated one. For education provides knowledge about diseases, how to treat them and most importantly how to avoid them. For example diseases such as HIV/AIDS have blighted entire societies in places like Uganda and South Africa before people knew what it is and how it can be avoided. Now, after much sensitization the rates of HIV/AIDS infection have reduced dramatically and those already infected have been adequately educated on how to live with the disease in such a way that life expectancy of an Aids patient have increased compare to before. In addition, the availability of education in a society informs them the use of being hygienic and how to maintain high hygienic standards such as washing one’s hand after using the toilet and also before eating which has help to reduce the prevalence of diseases such as cholera and diarhoea. Therefore, to conclude, the impact of investing in education is profound for it is the only tool that can positively change a society by empowering it, lifting it out of poverty and most important of all enabling its people to live longer healthily. How to cite Poverty and Education, Papers

Differences between the New England and Chesapeake Colonies free essay sample

By 1700, differences in religious convictions, wealth, and climate transformed the New England and Chesapeake Bay colonies into distinct societies with markedly contrasting cultures and values. Having fled England because of religious persecution, the Puritans placed a greater emphasis on religion. In contrast, the Chesapeake society, consisting mostly of men who were affected by the primogeniture laws, placed more importance on wealth and land. The climates of the two societies fostered distinct economies and new cultural practices, such as the tobacco wives in the Chesapeake region. Although the English made up the bulk of the Chesapeake Bay and New England societies, these influences shaped their ways of life and created two distinct cultures with values that continue today. The New England colonies had developed into a religion and family based society comprised of mostly middle class families. The economy was based on fishing, shipbuilding, and farming. The farming in New England was done on a much smaller scale. We will write a custom essay sample on Differences between the New England and Chesapeake Colonies or any similar topic specifically for you Do Not WasteYour Time HIRE WRITER Only 13.90 / page Because the society was so family-orientated, they grew much of their own food and the farms were normally self-sufficient. It was nowhere near the size of the vast plantations in the Chesapeake. This was simply because New Englands focus was not on economic gain. Due to the home-based industry businesses, the New England settlers did not need to hire labor as their families were enough to provide the needed labor force for their work. As a result, it is worth noting that slavery never developed much in the northern part as compared to the southern.The Chesapeake region developed into a land of plantations and money-driven owners, with the elite wealthy, almost no middle class, and those in poverty creating the population. Chesapeake region was mainly swampy and not suitable for typical crop growing activities. However, 5 years after their arrival in the land saw the discovery of tobacco which actually did well. In this regard, it is important to note that due to the tobacco growing in the land, Chesapeake settler used and employed cheap labor in their fields. They developed an indentured servitude system in which individuals who desired free passage to America had offer their services in terms of labor for some years before being allowed to enter into America.