Difference Between Monarchy and Republic
Posted inDifference Between

Difference Between Monarchy and Republic

Both the monarchy and the republic are systems of government. However, the republic is opposed to the monarchy in the way of governing. In the monarchy, the head of state remains in power for life, or even abdicates. In the republic, the head of state is democratically elected for a certain period of time. In a monarchy, with the exception of elective monarchies, which are not so common today, heredity is an important factor. In the regime, the sons of monarchs are their successors. In the republic, new heads of state are elected by the people after a term that usually lasts about four or five years.
Bankruptcy of Lehman Brothers: Causes, Impact & Reasons
Posted inGovernment & Politics History Studies

Bankruptcy of Lehman Brothers: Causes, Impact & Reasons

The bankruptcy of Lehman Brothers was one of the most striking of the global financial crisis that began in 2008. In fact, the collapse of this bank is considered, by many analysts, as the starting point of the crisis. However, other banks had already fallen during 2007, although it is true that their size was smaller. One of the most important characteristics of this bankruptcy was that, contrary to what was done in other cases, such as Northern Rock in the United Kingdom, or Bear Stearns in the United States of America, the governments did not allocate public money to rescue the entity from the collapse.