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The Southern were quite well in the economic atmosphere at the time. The Southern Colonies, in fact, held the largest share of colonial wealth by 1774, out of 13 colonies. The wealth of the colonial grew in spite of the rather primitive state of financial system. Most of the time financial services were provided by merchants who gave their buyers credit. Also, there were no banks or financial stock markets to handle financiap transactions.
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The voter’s perceptions of the economy affected the 2012 presidential election in the most significant way - the majority voted in favor of President Obama to help him secure his second term.
Voters assess the state of the economy under the different candidates which helps them determine their preferred voting candidate.
The aim is to select the candidate under whom the economy would perform better.
However, it depends on the percentage of the mass who blame the presidential candidate for the declining economy as opposed to those who did not.
The presidential elections of 2012 was close to an economic crisis - three years after the recession. President Obama’s upward trajectory to help recover after one of the worst economic crises, secured his second win.
Therefore, the dynamics of voting remain affected by the economic condition and hereby stay relevant to the vote choice.
Hence, the voter’s perceptions of the economy secured Barack Obama his second term during the presidential elections from 2012 to 2017.
To know more about how economy can affect elections, refer to the link provided - brainly.com/question/3927361
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Harasim (2017), states that “a theory is an explanation for why something occurs or how it occurs”. She defines a learning theory as a theory which aims “to help us to understand both how knowledge is created and how people learn”.Oct 1, 2020
This is an example of a degradation ceremony.
A degradation ceremony is used to degrade the social status of a person with the aim of embarrassing her/him for having violated the rules, it is a way of punishing the person by removing their privileges and rights.