...After the civil War, the United States became a much more industrialized society. However, industrialization also created problems for America society. Industrialization after the civil war was a major component in creating the advanced world we live in today. The industrial revolution connected America through transportation which leads to easier communication. Industrialization changed how the average person lived their life and provided for their families. This paper will identify three specific groups that were affected by industrialization and provide two examples of each group describing how the group was affected while considering issues such as race, ethnicity, gender, and child labor. Finally this paper will summarize how industrialization affected the life of the average working American during this period. The divisions of labor, Specialization, Mechanization were the major aspects of and industrialization. The industrial revolution stimulated the rise of unskilled labor. Reduce cost of labor and increased efficiency if the production process. With their being more jobs since focus only needed to be on particular skill. More people had jobs and were able to provide for their families. Society was a major aspect of industrialization because companies were being built; railways were distribution goods to different states. The economy changed society into an urban industrial state by the immigration of people. Beginning: agricultural revolution, more food equaled...
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...Assignment 1.1: Industrialization after the Civil War Thesis and Outline Nellie Batemon Strayer University April 25, 2015 Thesis The Industrial Revolution was a turning point in history. It had positive and negative points in each aspect. Many changes occurred that led to change in the government, society and economical progression. This paper will discuss the effects that the Industrial Revolution had on society, the economy and technology after the Civil War. This paper will also discuss five different groups affected by industrialization. In addition, this paper will discuss the effects the Industrial Revolution had on the average working American. Outline I. Three major aspects of industrialization between 1865 and 1920 that influenced US society, economy, and politics. A. Urbanization B. Government C. Technology II. List five (5) specific groups affected by industrialization and two examples for each. A. Native Americans 1. Striped of their land and forced to smaller sections of land in other parts of the country. 2. Industrial growth took over land and resources Native Americans had. B. Immigrants 1. Chinese Exclusion Act of 1882 implemented 2. Working for low wages and harsh restrictions and fines imposed C. Women/Children 1. Accepted lower wages 2. Not protected by legislation D. Farmers 1. Mechanization of Agriculture 2. Farmers transitioned to factory jobs E. The Working Class 1. Replaced by machines in...
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...Product: Household Products - Food products Eggs Dozens/Last 30 Days Heavy (3+) (Principal Shoppers) Total Homemakers Total '000 Proj '000 Pct Pct Down Index Across Total 141733 48358 34.1 100 100 Men 44420 14028 31.6 29 93 Women 97313 34330 35.3 71 103 Educ: Graduated college plus 41659 13053 31.3 27 92 Educ: Attended college 26178 8880 33.9 18.4 99 Educ: Graduated high school 43231 14855 34.4 30.7 101 Educ: Did not graduate HS 17494 7196 41.1 14.9 121 Educ: Post graduate 14126 4437 31.4 9.2 92 Educ: No college 60726 22051 36.3 45.6 106 Age: 18-24 11341 3651 32.2 7.6 94 Age: 25-34 25619 8540 33.3 17.7 98 Age: 35-44 26425 10283 38.9 21.3 114 Age: 45-54 28853 10327 35.8 21.4 105 Age: 55-64 23150 7798 33.7 16.1 99 Age: 65+ 26345 7760 29.5 16 86 Adults 18-34 36959 12191 33 25.2 97 Adults 18-49 77986 28059 36 58 105 Adults 25-54 80897 29150 36 60.3 106 Men 18-34 12552 3867 30.8 8 90 Men 18-49 25324 8107 32 16.8 94 Men 25-54 25949 8194 31.6 16.9 93 Women 18-34 24407 8324 34.1 17.2 100 Women 18-49 52662 19953 37.9 41.3 111 Women 25-54 54948 20956 38.1 43.3 112 Occupation: Professional and Related Occupations 20927 6610 31.6 13.7 93 Occupation: Management, Business and Financial Operations2151 1 3960 32.6 8.2 96 Occupation: Sales and Office Occupations 20680 6559 31.7 13.6 93 Occupation: Natural Resources, Construction and Maintenance Occupations 4605 1624 35.3 3.4 103 Occupation: Other employed 22283 7936 35.6 16.4 104 HHI: 150,000+ 12467 3975 31.9 8.2 93 HHI: $75,000-$149,999 36833 12942...
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...1. 14, CHS, band hi hih ih idoajofija pa p p p oo , instrumentaly talented and a great swimmer, I have two dogs, a fish, and a parrot, I am broadly expanded in a languages hfaihsih wieh iaowei hhihih hih ihih hih hih ih ihih ihi hih hi hi hi hi h I hi hi hi hi hi hi I hi hi h I hi hi hi hi hi hi hi hi hi h ihi hi hi hi hi hi hi hi hi hBibliography (from Greek βιβλιογραφία bibliographia, literally "book writing"), as a discipline, is traditionally the academic study of books as physical, cultural objects; in this sense, it is also known as bibliology (from Greek -λογία, -logia). Bibliography (from Greek βιβλιογραφία bibliographia, literally "book writing"), as a discipline, is traditionally the academic study of books as physical, cultural objects; in this sense, it is also known as bibliology (from Greek -λογία, -logia). 14, CHS, band hi hih ih idoajofija pa p p p oo , instrumentaly talented and a great swimmer, I have two dogs, a fish, and a parrot, I am broadly expanded in a languages hfaihsih wieh iaowei hhihih hih ihih hih hih ih ihih ihi hih hi hi hi hi h I hi hi hi hi hi hi I hi hi h I hi hi hi hi hi hi hi hi hi h ihi hi hi hi hi hi hi hi hi hBibliography (from Greek βιβλιογραφία bibliographia, literally "book writing"), as a discipline, is traditionally the academic study of books as physical, cultural objects; in this sense, it is also known as bibliology (from Greek -λογία, -logia). Bibliography (from Greek βιβλιογραφία bibliographia, literally "book writing"), as...
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...Question 1: From this case study, it showed how Lehman Brothers walked down to the end of it business. Through Lehman Brothers’ case, it reflects the ugly side of a corporate. A big recognized company collapse due to it unsuccessful leadership management, culture and dishonesty by it people caused the company walked down to the end of it business. There are several points showed how it gone bankrupted. By using the ethical perspective to look at Lehman Brothers’ situation, it showed that the company being dishonest to it clients, failure in the company leadership and corporate management are the major problems that lead to the company downfalls. As a Wall Street icon, they disappointed the public and being irresponsible towards their actions, against the ethnical issue by not being honest to review the actual situation of the company, but using others method to cover it annual report. In my opinion, the top management is the main issue that caused the downfall of Lehman Brothers. According to the case study, it mentioned the major problem at Lehman was culture and reward, it showed the top management of the company did not have a structure way to motivate and guide their employees on the appropriate way of doing tasks. For example, individuals who makes questionable deals were hailed and treated as “conquering heroes” and the others who questionable the decision was often being ignored. This shows that the company only wants to have short term earning instead of...
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...had less than one-sixth the total assets claimed by Lehman Brothers. The shocking announcement that Lehman had filed for bankruptcy caused the DJIA to plunge more than 500 points within a few hours. That large loss was only a harbinger of things to come. Within six months, the DJIA had declined by more than 50 percent from its all- time high of 14,164.53 that it had reached on October 9, 2007. That market decline wiped out nearly ten trillion dollars of “ paper” wealth for stock market investors and plunged the U. S. and world economies into what became known as the Great Recession. In the spring of 2010, the Lehman bankruptcy once again captured the nation’s attention when the company’s court- appointed bankruptcy examiner released his...
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...Repo 105 On September 15th 2008, the fourth largest U.S investment bank, Lehman Brothers, filed for chapter 11 bankruptcy. With revenues peaking at $19.2 billion in 2007 and over $600 billion in assets, the collapse of Lehman became the largest bankruptcy in history. Lehman’s demise was attributed to their aggressive investment strategy and significant exposure to the subprime mortgage market. As the housing bubble grew, Lehman Brothers acquired several mortgage lenders, some of the acquired firms frequently made loans to home buyers without full documentation (Jeffers 2011). When consumers began defaulting on mortgages and market conditions began to unravel, Lehman as well as many other banks faced huge losses. The write down of debt securities had significant adverse effects on Lehman’s balance sheet. Furthermore, credit rating agencies began focusing more on leverage ratios of investments banks. Lehman’s leverage ratios were already extremely high. A downgrade on Lehman’s credit rating would have sent Lehman’s share price on a downward spiral and hinder their ability to receive financing. In order to prevent these occurrences Lehman would have to sell some of its assets or raise capital. Lehman was unable to sell any of its assets or raise any capital because no one knew what the value of their complex mortgage securities were. In response to deteriorating economic conditions the investment bank used a very aggressive accounting maneuver called “Repo 105”, its...
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...had less than onesixth the total assets claimed by Lehman Brothers. The shocking announcement that Lehman had filed for bankruptcy caused the DJIA to plunge more than 500 points within a few hours. That large loss was only a harbinger of things to come. Within six months, the DJIA had declined by more than 50 percent from its all-time high of 14,164.53 that it had reached on October 9, 2007. That market decline wiped out nearly ten trillion dollars of “paper” wealth for stock market investors and plunged the U.S. and world economies into what became known as the Great Recession. In the spring of 2010, the Lehman bankruptcy once again captured the nation’s attention when the company’s court-appointed bankruptcy examiner released his 2200-page report. In preparing the...
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...Review of Accounting Ethics - Week 3 Alessio Brasile Strayer University Financial Accounting ACC-557 Dr. A. Golding April 28, 2013 Review of Accounting Ethics - Week 3 Given the corporate ethical breaches in recent times, assess whether or not you believe that the current business and regulatory environment is more conducive to ethical behavior: In the past several years, Enron, WorldCom, Tyco, and others have committed financial scandals, which caused the stock market to take a hard hit. Investors and lenders learned from these scandals in the past, and just recently, have become hesitant to invest in any company that they think, or know for a fact, the company is corrupted and/or unethical. “United States regulators and lawmakers were very concerned that the economy would suffer if investors lost confidence in corporate accounting because of unethical financial reporting. In response, Congress passed the Sarbanes-Oxley Act (SOX, or Sarbox)” (Weygandt, Kimmel, & Kieso, 2012, p. 7). SOX is in place to minimize unethical conduct in corporations and ultimately, scandals. “As a result of SOX, top management must now certify the accuracy of financial information. In addition, penalties for fraudulent financial activity are much more severe” (Weygandt et al., 2012, p. 7). With these standard rules and regulations in place, corporations are less likely to commit any fraudulent activity because there is more scrutiny from lawmakers. Also, corporations have a better chance...
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...Lehman History Lehman Brothers had humble origins, tracing its roots back to a small general store that was founded by German immigrant Henry Lehman in Montgomery, Alabama, in 1844. In 1850, Henry Lehman and his brothers, Emanuel and Mayer, founded Lehman Brothers. While the firm prospered over the following decades as the U.S. economy grew into an international powerhouse, Lehman had to contend with plenty of challenges over the years. Lehman survived them all – the railroad bankruptcies of the 1800s, the Great Depression of the 1930s, two world wars, a capital shortage when it was spun off by American Express in 1994, and the Long Term Capital Management collapse and Russian debt default of 1998. However, despite its ability to survive past disasters, the collapse of the U.S. housing market ultimately brought Lehman Brothers to its knees, as its headlong rush into the subprime mortgage market proved to be a disastrous step. As the credit crisis erupted in August 2007 with the failure of two Bear Stearns hedge funds, Lehman's stock fell sharply. During that month, the company eliminated 2,500 mortgage-related jobs and shut down its BNC unit. In addition, it also closed offices of Alt-A lender Aurora in three states. Even as the correction in the U.S. housing market gained momentum, Lehman continued to be a major player in the mortgage market. In 2007, Lehman underwrote more mortgage-backed securities than any other firm, accumulating an $85-billion portfolio, or four times...
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...the firm’s collapse. He said, “Lehman repeatedly exceeded its own internal risk limits and controls, and a wide range of bad calls by its management led to the bank’s failure.” Let’s look behind the scenes at some of the issues. One of the major problems at Lehman was its culture and reward structure. Excessive risk taking by employees was openly lauded and rewarded handsomely. Individuals making questionable deals were hailed and treated as “conquering heroes.” On the other hand, anyone who questioned decisions was often ignored or overruled. For instance, Oliver Budde, who served as an associate generals counsel at Lehman for nine years, was responsible for preparing the firm’s public filings on executives were paid,” Budde argued with his bosses for years about that matter, to no avail. Then, one time he objected to a tax deal that an outside reshuffling some papers to get an expense off the balance sheet. It was not the right thing, and told them.” However, Budde’s bosses disagreed and Okayed the deal. Another problem at Lehman was the firm’s top leadership. Valuka’s report was highly critical of Lehman’s executives who “should have done more, done...
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...report such violations, the dilemma arises in the ramifications of the reporting. Government review of company financial records and the bad press caused by an accounting scandal could cause the company’s rapid decline and may lead to layoff of employees. Executives and other corporate officers could also face criminal prosecution, leading to heavy and prison time. Matthew Lee, a senior vice-president in Lehman’s finance division, outlined six allegations of unethical accounting in memo sent on 16 May 2008 to Lehman’s senior managers, who asked Ernst &Young to investigate. In discussion with partners at Ernst& Young, he highlighted controversial “ repo 105” transactions that artificially boosted Lehman’s balance sheet by $50 bn. However, the London-based accounting firm took” virtually no action” and Lee lost his job. Whistle-blower come forward publicly when something illegal or unethical is going on in their organizations are they do not receive an acceptable reply internally when communicating concern. Whistle-blowers are often ostracized in their companies and face the dilemma of protecting their employer or stepping forward when something inappropriate is going on. Whistle blowing brings two moral values, fairness and loyalty, into conflict. Whistle blowing can lead to a breakdown of trust. Most companies has its own HR department and employees are highly encouraged to talk to HR staff if they are uncomfortable with activities going on in their division or...
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...Lehman Brothers Holdings Inc. The control break downs of Lehman Brothers Holdings Inc. included the massive amount of money borrowed to fund its investments. A considerable portion of this investment was in real estate, which made the investment defenseless against a fall in the market. Lehman also used one of its small companies to reallocate investments off its books. The firm was active in the market for Residential Mortgage Backed Securities (RMBS). The process involved buying several residential mortgages, combining them and selling them as securities. RMBS buyers actually purchased claims on the cash flow generated by the securities. Lehman produced a great amount of these securities, making the demand high for mortgage originators. This led mortgage originators to extend credit to people who were not credit worthy, or did not have enough income causing these people to have upside down mortgages on their homes when housing prices plummeted in 2006. In 2000, the stock market started to decline and the Federal Reserve significantly reduced interest rates. These lower interest rates caused inexpensive mortgage payments, which lead to a large demand for homes. Homeowners took advantage of the low interest rates and refinanced their mortgages. In 2008, Lehman announced that they would file for bankruptcy after a huge loss in the market, a loss of investors and their inability to find an adequate buyer. Soon after, their collapse set the market into panic mode...
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...Word Article Analysis Unethical Practices in Accounting ACC/291 Principles of Accounting 2 Michaele Musters Instructor: Word Article Analysis of Unethical Practices in Accounting Ethical Practices and conducts maybe taken or act different by everyone, thus many times to identify unethical practices and behaviors, we have to see who is in control. It is essential to analyze what can be done, or thought what might be done against legally acceptable accounting principles and conducts. The Sarbanes-Oxley act of 2002, was enacted by The United States Congress to protect investors from fraudulent accounting practices, made by fraudulent executives in corporations. After the Scandal, the entire accounting world changed in many ways, that it created a new vision and ways of work. It sort of created a world of winds of anxiety for corporate executives and accountants. In the Sarbanes-Oxley act , there is a section call 302 that requires management to certify the accuracy of the reported financial statement. Then all corporations were forced to reform strictly to improve financial disclosures to prevent accounting frauds. After the Act, management introduced internal control in order to comply with all the Sarbanes-Oxley act requires for a corporations behavior. Today, all corporations are obligated to certify the company’s financial reports. They are also responsible and they must take full responsibility if there is a misleading, or fake accounting information...
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...Popular Literature Paper James A. Jones SOC/105 12/11/2012 Mercedes Doris Ruiz Popular Literature Paper Beetle Bailey is an American comic strip created by cartoonist Mort Walker. The setting is a fictional Military base and is one of the oldest comic strips still running today. Walker created Beetle Bailey on September 4, 1950. He has been assisted by Jerry Dumas, Bob Gustafson, Frank Johnson and Walker’s sons Neal, Brian and Greg Walker. The characters in the strip were created after Walkers fraternity brothers at the University of Missouri. Beetle was a college student at Rock view University, he quit school in the first year and enlisted in the U.S Army on March 13, 1951 and has remained there ever since. Beetle Bailey is a sort of lazy private who just think he can sleep his way through the army, he always wears his headgear below his forehead so you never get to see his eyes, in the rare instance he is without headgear his eyes are covered by his hair he a misfit and suffers through constant physical and verbal abuse from his company sergeant and nemesis sergeant first class Orville P. Snorkel. Beetle Bailey was circulated in the stars and stripes newspaper which is a military paper to boost military morale but it was banned from the japan issue because it was said be disrespectful to officers. The civilian papers thought it was funny and it continues to run today. The stories change to fit the times but beetle is still a private and still wears the same...
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