President Obama and the Financial Reform Research Paper

President Obama and the Financial Reform - Research Paper Example It has also enacted the Volcker Rule based on the advice of Paul Volcker a former Federal Bank’s Chairman and headed Obama’s Economic Recovery Advisory Board. Although many are skeptical of the features and progress of the new Act, the law is understood to be more stringent on the unregulated trading and risk-taking by the financial corporations.   There have 3 major financial reforms in US history preceded by the recessionary phases and accounting scandals. First, the US economy faced the worst financial crisis since the Great Depression in 1929 as a result of which the Glass Steagall Act came into existence in 1933 which legislated the separation of commercial banks from investment banks. Senator Carter Glass was responsible for bringing the Act who believed that the commercial bank’s direct involvement with dealing in corporate securities was a threat to the financial system stability. Since then it has been the topic of research for many economists (Clark, p.205). Second, in 2002 the Sarbanes Oxley Act was signed in the wake of global corporate and accounting scandals such as Enron, WorldCom and Tyco International (Slander, p.1). The Act contains provisions of corporate governance and auditor’s independence and led to the creation of quasi-public agency Public Company Accounting Oversight Board which was responsible for regulating and overseeing the accounting firms as external auditors. Third, the most important reforms, the Dodd-Frank Wall Street Reform & Consumer Protection Act has been enacted in 2010 by President Barack Obama and his administration. The law has led to the creation of two important oversight bodies- Financial Stability Oversight Council and Consumer Financial Protection Bureau. The new Act is considered by many to be based on the Glass Steagall Act. Global Financial Crisis 2007-2010 The Global financial crisis started with the bankruptcy of investment bank Bearn Stearns Inc in 2007 due to heavy exposure to mortgage-backed securities, central to the subprime mortgage crisis. The bank was sold to JP Morgan Chase. Then the collapse of Lehman Brothers, the fourth largest bank in America was followed, which unfolded the global financial crisis. All those financial institutions which had exposures to the collapsed bank’s short-term assets faced the liquidity crunch. The largest insurance firm AIG faced the liquidity crisis in 2008 because its credit ratings were downgraded.  Ã‚  

American revolution Essay Example | Topics and Well Written Essays - 750 words

American revolution - Essay Example rchitect of the Constitution, James Madison, believed a powerful federal government would posses enough power to ensure the freedom of minorities within the country. With the opposition from anti-federalists and noble American leaders, the Committee agreed to create amendments to the constitution, later known as the Bill of Rights. Considering the chain of events and the participation of all the principal Actors including George Washington and Thomas Jefferson in the process, the first ten amendments seemed to be a natural step in the American Revolution. One of the motivating factors behind the American Revolution was to ensure individual freedom and the Bill of Rights was the only way to ensure liberty of the citizens. The ten amendments prioritized the rights of individuals and individual liberties in the United States of America. The Declaration of Independence is one of the most important documents in the American history. The Declaration of Independence was not an instant outco me, but a gradual development of politics throughout the American colonies. The most notable event to mark the beginning, which leads to the declaration, occurred in Philadelphia on 7 June, 1776 when Richard Henry Lee announced the resolution from British Crown and the right of the colonies to be independent in front of the Congress. This announcement was coherent to what happened in the other colonies and it was the result of the strategies and rulings passed by the British Crown to suppress the American Revolution. A draft was prepared with the major efforts of Thomas Jefferson along with other members including Benjamin Franklin, John Adams, Roger Sherman, and Robert R. Livingston. After some deletions and corrections, the declaration of Independence was adopted on 4 July, 1776. The... The Declaration of Independence is one of the most important documents in the American history. The Declaration of Independence was not an instant outcome, but a gradual development of politics throughout the American colonies. The most notable event to mark the beginning, which leads to the declaration, occurred in Philadelphia on 7 June, 1776 when Richard Henry Lee announced the resolution from British Crown and the right of the colonies to be independent in front of the Congress. This announcement was coherent to what happened in the other colonies and it was the result of the strategies and rulings passed by the British Crown to suppress the American Revolution. A draft was prepared with the major efforts of Thomas Jefferson along with other members including Benjamin Franklin, John Adams, Roger Sherman, and Robert R. Livingston. After some deletions and corrections, the declaration of Independence was adopted on 4 July, 1776. The declaration of Independence was the beginning of a great revolution followed the formation of the U.S. Constitution in and the ten amendments up to 1789. The main motivation behind the American Revolution was to set the nation free from the British Ruling and create equality among the citizens of America. Before the formation of the U.S. Constitution and the amendments, there were two primary political problems including independence from the British Rule and the challenge to ensure equality of rights within the nation.

Decision-Making Process Paper Essay Example for Free

Decision-Making Process Paper Essay My name is Jovon Roberson, I will be discussing my decision making process. I will try to supply research supporting my ideas. The paper will describe some steps of my process. I will compare some similarity to the text, and explain how some of the steps might be different. Most decisions people make in their life time will definitely be easy and some maybe very difficult. I truly believe that each individual is in control of their own destiny and in complete control of the decisions they have to make in their life time. My decision to start school was clearly decided right after I was terminated from my job. I was ill at the time and desperately needed to file for the family medical leave of absence so my job would not be in jeopardy, but that was a total loss. Once terminated I clearly had to make some important decisions about the future of my son and I, while thinking long and hard about how I was going to make ends meet. I had a discussion with one of my best friends and I came to the grips that I needed more than what I was getting and this really was my only option going to school. My steps are somewhat different from the ones in the text, but it is clear they there were important steps to take while making my decision to go back to school and I really believe it was one of the best decision I could have made. My decisions would have been different very different but in reality the the steps in the text provided more proper steps and they would have been a more thought out process for me butat the same time my decision would have been the same. It would have been precise, more thought out some plans would have been setup, and short term goals would have been set, long term goals would have been into play and set as well. More thought would have been there to back everything up not just the goals set in my head they would have been on paper in black and white. I would have been better prepared for all my future intents. People gather and evaluate information when they face major decisions or milestones in their lives. The internet has become a more important source of information as people gain experience and as they embrace broadband (Copyright 2012 Pew Internet American Life Project). In this paper I have discussed some similarity to the text, and explain how some of the steps might be different. The decisions people make in their life time will definitely be easy and some maybe very difficult and how I truly believe that each individual is in control of their own destiny and in complete control of the decisions they have to make in their life time. I hope I have covered everything in this paper that you have asked for. I thank you for your attention and your time. References: Copyright 2012 Pew Internet American Life Project http://pewinternet.org/Topics/Activities-and-Pursuits/Decision-Making.aspx?typeFilter=5

Sustainable Forest Management Concepts

Sustainable Forest Management Concepts CHAPTER 2 LITERATURE REVIEW 2.1 Background of SFM The sustainable forest management idea has been promoted for the past 20 years in government of Sabah since 1989 but there had not been any serious attempt to put such idea into any effective practice. To solve this challenge, the BN State Government ensured that SFM is implemented in all future forest related activities (SFD, 1998). Seven main elements of SFM which act as a reference framework for sustainable forest management are the extent of forest resources; forest biological diversity; forest health and vitality; productive functions of forest resources; protective functions of forest resources; socio-economic functions of forests; and the legal, policy and institutional framework (Sarre Sabogal, 2013). All the main stakeholders involved in forest management such as: forest managers, government, non-government organizations (NGOs) and other stakeholders need to understand what is SFM mean in order to work together to achieve the objectives (Higman, 2005). FAO had studied almost 80 cases of successful SFM implementation which shown the economic, social and environmental benefits that can be achieved under SFM (Sarre Sabogal, 2013). One of the efforts in practice of SFM is adopted and implemented principles of sound forest management at Deramakot Forest Reserve in Sandakan. The Deramakot Forest Reserve is FMU No.19. It had covered 55,083 hectares of mixed Dipterocarp forest in the east of Sabah (Mannan, Awang, Radin, Abai Lagan, 2002). In 1989, Malaysia- German Sustainable Forest Management Project was extended to Sabah and conducted in Deramakot Forest Reserves. The main goal of this project is to apply an ecologically and scientifically substantiated forest management system (Mapa, 2003). This project was undertaken by the Sabah Forestry Department with the help of forest resource management such as stock inventory, reduced impact logging (RIL), the skyline yarding system, forest rehabilitation and silviculture. Due to the successfu l of SFM at Deramakot, in September 1997, the state Government had an agreement with 10 organizations from private sector which became active partners of the Government to ensure that the SFM practice at Deramakot is extended to other commercial forest areas in Sabah (SFD, 1998). According to Li (2014), SFM aims to ensure that the goods and services derived from forest meet peoples’ needs meanwhile maintain their continued availability and contribution to long-term development. Over the last 10 years, China has made a great amount of achievements in the forest sector based on sustainable forest management concept. For example, China had ranked the sixth in the world in terms of forest stock volume, following by Brazil, Russia, Canada, the United States of America and Democratic Republic of Congo. All these examples show that sustainable forest management concept can help to maintain ecosystem balanced. 2.2 Forest Management Unit (FMU) FMU is clearly defined as forest area which managed to a set of explicit objectives based on a long term management plan. SFM is divided all the commercial forest areas into 27 blocks called Forest Management Units (FMUs). Each FMU is about 100,000 hectares wide (Toh Grace, 2006) and every unit will be managed by selected companies (Mapa, 2003). Currently, the level of the FMU in Peninsular Malaysia is an individual state; in Sabah the FMU area will cover by each Sustainable Forest Management License Agreement (SFMLA); while in Sarawak, the FMU is an individual concession area (Ng, Tong Lim, 2002). 2.3 Forest Management Plan (FMP) FMU divided their forest area into severe compartments. Each compartment has to prepare its own FMP. A FMP is a strategic plan that can provide an overview or description of the forest area and the basis activities for monitoring the forest (Armitage, 1998). FMP can also name as medium-term forest management planning which have a minimum duration of 10 years (Kleine Heuveldop, 1993). FMP translates the forest policy and prepared a well operational program for regulating forest activities. A FMP should include description of forest resource base, the management actions of the resources, review at the mid-point of the plan, review in the final year of the plan and the preparation of a new plan when the present plan expired (Armitage, 1998). FMP is an important strategy which conducted by FMU to well manage the community forest and bring benefits to local communities. 2.4 Community Forestry Community forestry is a village-level forestry activity which also can be defined as the participation of local communities in the planning, establishing, managing and harvesting of forest crops in a forest, so they can receive a major proportion of the socio-economic and ecological benefits from the forest (Nixon, Herbohn Harrison, 2001). The participation of local community is very critical to promote sustainable livelihoods and maintain forest resources (Murdiyarso, 2006). According to Metha (2002), both India and Nepal have a wide variety of forests. At that time, the use of forest is controlled by local community’s traditions. However due to massive loss of forest, the governments of India and Nepal began to take over the forest management authority in the late 1980s. This cause the local communities lost their stewardship. As a result, the community forest programs are implemented to give communities financial stake so they have an incentive to preserve the forest. In 1988, the master plan for Nepal’s program was adopted which states that the forest administration should allow people to have full control over the forest. 2.5 Issues during implementation of SFM concept According to Hickey (2004), during evaluating progress in monitoring and reporting information for SFM, some issues related to forestry such as: trade considerations, socio-economics conditions, forest resource characteristics and forest land ownership need to be considered. There are some challenges faced by local communities who living in the forests for manage the forests sustainability. For example, lack of available land especially those peoples with no legal claim to their native customary right (NCR) of land within forest reserves. These communities are limited from clearing additional land for their use (Toh Grace, 2006). Local communities argued about the forest boundary. They are restricted to enter into the forest to collect forest products (Lintangah, 2013). According to Lintangah (2013), another issue that faced by local communities during implementation of SFM concepts is the relationship with the FMU holders. Local communities have a low level of cooperation because they lack of consultation from FMU holders and some FMU holders begin their activities without permission of local communities. Besides that, lack of understanding about SFM concept among local communities also becomes an issue during implementation of SFM. SFM implementation also brought some impacts to locals such as lack of infrastructure development and maintenance for example road; lack of provision of job opportunities to the local communities and environmental pollution. Richards Yaron (2003) stated that the main problem or issues for sustainable forest management is the failures of market and policy which cause more profitable to cut down trees than to retain or manage them. All these challenges or issues can cause limitation of use right among local communities and occurred conflicts between local communities and forest managers (Duguma, Hager Gruber, 2009). To solve all these conflicts between stakeholders, SRM approaches should be conducted. It is important to conduct a study about the perceptions of communities towards SRM approaches which can help to solve the issues during SFM implementation. Based on Wang (2008), perception is the insight or intuition gained by perceiving. It can be defined as the sixth sense of human beings. Perception is an important cognitive function that can determine personality. 2.6 Stakeholder Relations Management (SRM) The stakeholder relations management approach refers as the framework for analyzing and evaluating a corporation’s relationship with external groups to achieve â€Å"win-win† situations that can benefit everyone (Lintangah, 2013). However, there are usually occurs winners and losers in a complex situations. As a result, stakeholder management approach is conducted for planning and implementing collaborative relationship to obtain win-win outcomes among stakeholders. SRM approach is a response to the growth and progress of corporations to understand how the corporation operates with their stakeholders (Lintangah, 2013). An effective SRM can well-managed the relationship among stakeholders for mutual benefits (Post, Preston Sachs, 2002). The six steps that focus in stakeholder management approach are first identify key stakeholders, describe their stakes in the organization, determine if those stakes are significant, evaluate the opportunities and challenges, determine t he organization’s responsibility to the stakeholder, and finally create relationship strategies (Shannon Thomas, 2015). One of the examples of SRM approaches is Corporate Social Responsibility (CSR) which means â€Å"a voluntary management system used by the companies to incorporate a variety of social, environmental and economic pressures into their business operations and their interaction with their stakeholders† (Lintangah, 2013, p.36). Stakeholder management approaches can help to solve problems related with SFM implementation. Most of the stakeholders feel that the dialogue is one of the useful tools in dealing with their claims and interests besides media and technology. It can solve the conflicts among stakeholders through communicating, negotiating, contracting, managing relationships and motivating (Freeman, 2004). The SRM approaches that conducted under SFM at FMU level included community forestry, joint forest management, CSR programmes, inter-agencies involvement, and contract forestry that will promote and support the SFM implementation at the FMU level. According to Lintangah (2013), the supporting tools for SRM include the Forest Management Plan, Annual Work Plan, related government policies at the state and federal level, the Forest Enactment of 1968, and the Environmental Impact Assessment (EIA). 2.7 Sustainable Forest Management License Agreement (SFMLA) In September 1997, Sustainable Forest Management license Agreement (SFMLA) which is valid for 100 years is formed and replaced the timber license agreement (Toh Grace, 2006). On 10 September 1997, 10 companies had signed SFMLA with the government to show their cooperation in forest management. They were: Yayasan Sabah; Idris Hydraulic (Malaysia) Bhd; TSH Resources Bhd; Sapulut Forest Development Sdn Bhd; Bugaya Forest Sdn Bhd; The North Borneo Timber Corporation Berhad; Modern Innovation Realty Sdn Bhd; Anika Desiran Sdn Bhd; Bornion Timber Sdn Bhd and Timberwell Bhd (SFD, 1998). SFMLA holders are responsible for forest planning, forest inventories, preparation of forest management plans, implementation of the SFM, the establishment and maintenance of infrastructure, the security and protection of the FMU area, the protection and conservation of the unique environment within the SFMLA area, support financial of all the expenses and the accommodation of local communities’ interests (Lintangah, 2013). Under SFMLA, licence holders have to implement community forestry (CF) projects within their respective FMUs. All the companies have to submit annual work plans and harvest plans for each logging plots based on reduced-impact logging systems. All the management and operational plans, especially monitoring the activities of licence holders had to approve by Forestry Department (Toh Grace, 2006).

A Comparison Of The Catcher In The Rye And The Adventures Of Huck Finn :: essays research papers

The forthcoming of American literature proposes two distinct Realistic novels portraying characters which are tested with a plethora of adventures. In this essay, two great American novels are compared: The Adventures of Huck Finn by Mark Twain and The Catcher In The Rye by J.D. Salinger. The Adventures of Huck Finn is a novel based on the adventures of a boy named Huck Finn, who along with a slave, Jim, make their way along the Mississippi River during the Nineteenth Century. The Catcher In The Rye is a novel about a young man called Holden Caulfield, who travels from Pencey Prep to New York City struggling with his own neurotic problems. These two novels can be compared using the Cosmogonic Cycle with both literal and symbolic interpretations. The Cosmogonic Cycle is a name for a universal and archetypal situation. There are six parts that make up the cycle: the call to adventure, the threshold crossing, the road of trials, the supreme test, a flight or a flee, and finally a return. There are more parts they do not necessarily fall into the same order, examples of these are symbolic death and motifs. The Cosmogonic Cycle is an interesting way to interpret literature because is Universal or correlates with any time period and any situation. The Call to Adventure is the first of the Cosmogonic Cycle. It is the actual "call to adventure" that one receives to begin the cycle. There are many ways that this is found in literature including going by desire, by chance, by abduction, and by being lured by an outside force. In The Adventures of Huck Finn, Huck is forced with the dilemma of whether to stay with his father and continue to be abused or to leave. Huck goes because he desires to begin his journey. In The Catcher In The Rye, Holden mentally is torn between experience and innocence, it would seem to him that an outside force is luring him to do something but in actuality he is beginning his journey because of his desire. The Call to Adventure is the first step in the Cosmogonic Cycle, it is the step at which the character or hero is brought into cycle. The Threshold Crossing is the second step, it is the place or the person that which the character crosses over or through into the Zone Unknown. The Zone Unknown being the place where the journey takes place. The threshold crossing is often associated with a character change or an appearance change. An example of this is in The Wizard of Oz, when the movie goes from black and white to color, showing a visual

William Shakespeares Presentation of the Two Pairs of Lovers in Much A

William Shakespeare's Presentation of the Two Pairs of Lovers in Much Ado About Nothing 'Much Ado About Nothing' would have been pronounced 'Much Ado About Noting' in Shakespeare's time. Noting would infer seeing how things appear on the surface as opposed to how things really are. This provides an immediate clue as to how the play and the presentation of the story of the two pairs of lovers would be received by an audience of the time, living as they did in a patriarchal society which was based on social conventions and appearances. It can also be taken as an initial comment by Shakespeare about that society and its values and moral codes. Modern audiences, however, live in a more sexually egalitarian society. Although appearances are still important, values are more dependent on self-analysis and self-knowledge. It is significant that the story of Hero and Claudio, the first of the pairs of lovers, is one that Elizabethan audiences would have probably been familiar with. Ariosto and also Spenser in the 'Faerie Queene' had presented this love story as a tale of chivalry and high morality. Therefore the audiences of the time would be familiar with the conventional characters of Claudio and Hero. Hero displays all the qualities the Elizabethan audience would have admired in a woman. She knows her place in society. Her father is there to be obeyed, and she herself recognises how she should be punished were the charges against her proved to be true, ' O my father Prove you that any man with me conversed à ¢? ¦Ãƒ ¢? ¦ Refuse me, hate me, torture me to death.' There is an absence of dialogue b... ... upon flouting conventions as discussed. In 'Much Ado About Nothing', one may argue that Shakespeare decided to have two sets of lovers to provide the audience with contrasting perspectives on similar situations. One may also argue that the two contrast between what was expected at the time against the unconventional. In both cases Shakespeare's presentation of the relationships between these two pairs of lovers implies criticism of his shallow society and its conventions. Perhaps he set the story in Italyas he may not have wished to upset his benefactors at home. Modern audiences may only perhaps gain an appreciation of this element in 'Much Ado About Nothing' as a study of Elizabethan society. Their empathy and interest may therefore be based to a greater degree in the characterisation of Benedick and Beatrice.

America culture and society in the 1920s

Lynn Dumenil's account of the era commonly referred to as the â€Å"roaring twenties† in The Modern Temper: American Culture and Society in the 1920s there is an intentional emphasis placed on the effort to dispel the popular notion that the new, revolutionary transformations in culture and society that took place at this time in history were direct results of the First World War.In the stead of this less insightful means of analyzing the 1920's in America by assuming that the post war era was a direct creation and consequence from the war, the author offers the suggestion that the seeds of the twenties were planted much earlier during the industrial revolution and through the effects of a culture †¦ Showed first 120 words of 1136 Size (words) †¦ Continuing with another 115 out of 1136 Size (words) †¦ are aspects to this period that I feel this particular text does not give proper acknowledgement to.Dumenil does a good job of showing the prevailing winds of the time and analyzing the forces that pushed society forward into what it is today; however, little is said about the opposing forces that tried to collectively pull back the reigns of capitalism, secularism, and urbanization. These forces, which came in the form of the Industrial Workers of the World, William Jennings Bryan, and many others who attempted to retain the Victorian way of life also played an instrumental role in shaping society through their broad range of dissent from the path of urbanizationWhen most of us take a backward glance at the 1920s, we may think of prohibition and the jazz age, of movies stars and flappers, of Harold Lloyd and Mary Pick ford, of Lindbergh and Hoover–and of Black Friday, October 29, 1929, when the plunging stock market ushered in the great depression. But the 1920s were much more. Lynn Dumenil brings a fresh interpretation to a dramatic, important, and misunderstood decade.As her lively work makes clear, changing values brought an end to the repressive Victorian era; urban liberalism emerged; the federal bureaucracy was expanded; pluralism became increasingly important to America's heterogeneous society; and different religious, ethnic, and cultural groups encountered the homogenizing force of a powerful mass-consumer culture. The Modern Temper brings these many developments into sharp focus. Praise â€Å"The Modern Temper is an engaging, stimulating, and thoughtful re-creation of one of our most interesting and complex decades.†Lynn Dumenil's The Modern Temper provides an exciting and original synthesis of a crucial decade that few of us really understand. She makes the insights and confusions of the women and the men of the twenties come alive. This is an important book. â€Å"–Ellen Dubois, University of California at Los Angeles â€Å"Dumenil offers wealth of fresh insights on a fascinating decade. This illuminating study subtly recasts our understanding of an era whose tensions and stresses oft en uncannily parallel those of our own day. â€Å"–Paul Boyer, University of WisconsinSynopsis: when most of us take a backward glance at the 1920s, we may think of prohibition and the jazz age, of movies stars and flappers, of Harold Lloyd and Mary Pick ford, of Lindbergh and Hoover–and of Black Friday, October 29, 1929, when the plunging stock market ushered in the great depression. But the 1920s were much more. Lynn Dumenil brings a fresh interpretation to a dramatic, important, and misunderstood decade. As her lively work makes clear, changing values brought an end to the repressive Victorian era; urban liberalism emerged; the federal bureaucracy was expanded; pluralism became increasingly important to America'sheterogeneous society; and different religious, ethnic, and cultural groups encountered the homogenizing force of a powerful mass-consumer culture. The Modern Temper brings these many developments into sharp focus. Turning to the flip side of the '20s' flap per image, Dumenil looks at the darker side of the decade forming the â€Å"central motifs that have shaped the modern American temper. † Between the end of WWI and the stock market crash, the aura of get-rich-quick prosperity overshadowed tensions resulting from the highly skewed distribution of wealth.The unfettered capitalism of the time is reflected by Calvin Coolidge, who said, â€Å"the man who builds a factory builds a temple. The man, who works there, worships there. † In 1920, for the first time, half the U. S. population lived in cities. While life grew more organized, complex and sexually liberated, the reaction increased, too. Capitalists fanned a Red Scare following the 1919 Bolshevik Revolution, forcing American reformers to confront this inflated fear along with homegrown poverty and racism.Dumenil points to the mass consumer culture, corporate mentality, job structure that eroded individual autonomy, assembly lines, intense special-interest lobbying in Washington and the fusion of sexuality with consumption as among the decade's legacies to later American culture. Readers may wish that Dumenil spent more time on countervailing radical forces (Rand School of Social Science; Scott Nearing; Max Eastman's The Masses; Industrial Workers of the World, the IWW) that contributed to the ferment of this formative era.Even so, she has captured the fire of this volcanic time and weaves together scores of social and political threads into an insightful overview. American culture in the 1920,s and beyond has had a great significance up to date. The culture invented in those days is still in place and most people and groups still practice and keep the souvenirs so that they can pass from one generation to another. Religious influence is also to be seen in situations where new migrants have made residential decisions. polarizations of ethnic religious groups in the 1920’s to present day America the major division is that of protestants and Catholics.Social interaction within the city is often on the basis of these broad religious groupings which can over ride ethnic divisions. For example, the Dutch immigrant community is more likely to mix the Swedish immigrant community than with Italian because of religious affiliations. The third major religious group is that of the Jewish community and has a strong sense of territory and strong social processes internal to the community but with relative loose connection with other communities. Agricultural practices where practiced by farmers in rural areas.Most farmers began to drift from the highlands and into the lowland alluvial plains. They had been attracted by the greater agricultural fertility of the soil but what is certain is that the move led to profound changes in agrarian practice. Most farmers favored as an independent originator of agriculture, appears the most prolific. Among the crops which first emerged in the Americas where maize, potatoes, manioc, cacao, squ ash and tobacco, and among the animals where the llama, the turkey, and the guinea pig.Industrial revolution was latter invented which affected agriculture, transport, social organizations and urbanization. In fact there were few facet of life left untouched by them. in addition to this, it maybe argued that the changes which took place during the period conventionally recognized as that of industrial revolution had the origin sometimes many centuries earlier. In that sense the period was not one of revolution, but one in which there was a marked quickening of the processes already begun and underway. But few would deny that the industrial revolution marks one of the major transformations in history.it is important in this context because as well as its social and economic impact, it had profound geographical consequences. The social structure or political opinion of neighborhood influences the individual voting decisions. the neighborhood effect is similar to a diffusion process in that political attitudes spread within a district in several cities in U. S. A individuals of relatively low socio-economic class living in middle class neighborhoods are less likely to vote democratic (the traditional party of lower class voters ) than if they live in a lower class neighborhood.The individuals are affected in their voting behavior by the information and political environment of their area of residence. The degree of this influence is termed the neighborhood effect The process underlying the neighborhood effect depends on the probability of contacts of the voter with someone who will provide political information. This probability of contacts depends not only on social groupings in the neighborhood. Lynn dumenill’s account on all this issues is discussed in dept and formed the core values of the American culture.although a lot as borrowed from the past years and history the incorporation of it in the 1920’s made a strong cultural impact and the Americ ans also tend to keep their culture but due to intermarriages and new inhabitants heading to America. Most people doesn’t follow or know their past culture well unless they read from books References: Richard Marchand, 1985. Advertising the American Dream: Making Way for Modernity, 1920-1940. Berkeley, CA: University of California Press.