History Essay Example | Topics and Well Written Essays - 750 words - 42

History - Essay Example All adult white males had a right to vote, irrespective of their religion and property ownership. In this era, the older states dropped the remaining religious qualifications for voting (Stephens and David 25). Therefore, there was an increase in the number of eligible voters, as there was the elimination of previous property qualifications. The increase in number of eligible voters resulted to an increase in voter participation. The high rates of participation lead to a change in the campaigning style. The holding of the 1840 elections, both key political parties carried out well-organized national campaigns that comprised of campaign songs, parades, picnics, party newspaper, political speeches and banquets. In the jacksonian era, there was also a change in the political party system. The 1812 war had seriously made the Federalist Party weak, which completely disappeared in 1820s. For sometime, the Democratic Republican Party was the only successful national party. Nevertheless, the coming of Andrew Jackson into power, as a national leader lead to the splitting of the Democratic-Republican Party into the Democrats led by Jackson and Whing party, led by Henry Clay (Stephens and David 25). Following Jackson taking over office in 1929, he used spoils system by giving jobs to his supporters. Although his opponents criticized this move, for not putting the qualified individuals in office, Jackson took this as a democratic reform. According to him, it was a rotation-in-office and he had a belief that in a democracy each white man citizen ought to take part in the services of the government at a time in his lifetime (Stephens and David 25). Also, President Andrew Jackson championed democracy by challenging economic elite who were opposing him to the Second Bank of the United States. He distrusted this bank as an undemocratic instrument and thus he voted a bill to recharter the Bank in 1832 (Stephens and David 25). There are a number of arguments for the westward

Accounting Ethical Issues of American International Group Case Study

Accounting Ethical Issues of American International Group - Case Study Example AIG is a company with strong financials, respected the world over for its financial might, but this controversy resulted in a lot of its energy and resources being diverted towards undoing the charges. What began as an investigation into two reinsurance transactions later mushroomed into a growing scandal that tarnished the reputation of one of America's premier corporations. On Mar. 30, AIG acknowledged that it had improperly accounted for the reinsurance transaction to bolster reserves, and detailed numerous other examples of problematic accounting. Subsequently the company took corrective measures and fortunately for investors, employees and other stakeholders in many countries, continues to conduct all its operations smoothly, unlike ENRON, WorldCom and some other companies. While these companies appeared to have had flawed business models and hid the real and rapidly deteriorating financial conditions, at AIG it appears to have taken place on account of some wrong practices. AIG is once again on course to have an important impact on social and economic development issues, infrastructure investment, education, and training etc.  In fact, this is not the first time that AIG is stuck up in controversies. Nature and scale might be smaller but AIG has had a taste of controversies earlier as well. In 2004, the insurer paid $126 million in fines to the Securities & Exchange Commission and Justice Dept. for deals it structured for outside clients that allegedly violated insurance accounting rules, although AIG admitted no wrongdoing. The company also came under the glare of New York Attorney General Eliot Spitzer for its role in bid-rigging with broker Marsh & McLennan Cos., which led to the ouster of Hanks son Jeffrey as CEO there. AIG admitted no wrongdoing, but two of its executives pleaded guilty and had to leave the company. In this era of cut-throat competition, such issues keep cropping up involving many big names.