The answer is: They are both ran by the people but in socialism it is oversaw by the government.
( This is how their different and the characteristics they share).
A check is a set of written direction which tells a financial institution or a bank how to use the money for paying someone. That someone is the person who the issuer of check owes the money. The issuer of the check will be the one who is responsible in paying the financial institution or the bank with the amount of money stated on the check. The check also serves as good as cash or it can also be a post cash payment to someone. It can also be served as a collateral to someone's liability.
The people who signed the Declaration of Independence had signed the United states declaration of Independence in the year of 1776.