Essay on Television in the Fifties - 1096 Words

Technology in the 1950s started with many great innovations that shape the way we live now. Probably the most important innovation of television was the introduction of cable T.V., television broadcasting, sitcoms and talk shows. Television went though many changes in its younger years. The way T.V. Developed in the early years is the foundation for what we watched now days. Transitory radios became very popular in the fact that Music could be heard in any location because it was now portable. Still T.V. Innovations were what the 1950s were all about from a technology and the birth of the T.V. show. In 1950, the use of a single-channel strip-amp amplifier permitted the extension of cable systems to homes located†¦show more content†¦Also, on Sept. 4, 1951 the first transcontinental TV broadcast was a speech featuring President Harry S. Truman. The legendary sitcom I Love Lucy premieres on CBS in October of 1951. In 1952 KTLA makes the first telecast of an atomic bomb detonat ion. The Today show premieres on NBC in 1952. In 1953 50% of Americans now have a television set in there homes, which is approximately 25,233,000 homes. On Apr. 3, 1953 the first issue of TV Guide is published, with 10 editions and a circulation of 1,562,000 copies. On Aug. 30, 1953 NBCs Kukla, Fran, and Ollie Show is broadcast in color, the first announced network broadcast in color. In March of 1954 Edward R. Murrow denounces Sen. Joseph R. McCarthy on See It Now. On January 1st the first national coast-to-coast colorcast takes place, with the broadcast of the Tournament of Roses Parade from Pasadena, California to 21 network stations. There were only 200 RCA electronic color television sets able to view the show. This is acknowledged as the first day American television officially changed from black-and-white to color. In March there are 370 TV Stations in operation, with another 202 about to come on-line and the first color commercial airs by Pall Mall cigarettes. In April RCA Launches COLOR Television at $1,000 a copy with the price so high less than 5,000 sell the first year. The First World Series game was broadcast in color, on Sept. 28, 1955. On June 7th The $64,000Show MoreRelatedBud Light s Current Advertising Strategy1623 Words   |  7 Pagesparticular stands out. Of the three age groups, fifty and older consumers are the age group with the smallest preference for beer. Figure 2 on the following page compares the alcoholic beverage preference for three major age groups. Figure 2: Alcoholic Beverage Preference by Age Source: Jones. As Figure 2 shows, both groups under the age of fifty are similar, possessing a strong preference for beer followed by wine and liquor. However, fifty and older consumers’ preferences show an increasedRead MoreFashion in the 1950s1437 Words   |  6 Pagesclassic new age twist to the history of European fashion. Recovering from the catastrophic tragedies from the Second World War, the fifties had given hope to the people and also a new start of life of many people to choose their future freely. Due to the massive recover of the economy, the technological advancement allowed mass production of clothing in the fifties. As the economies of the world expanded and the living standard and income level of the people were improving after the war, the EuropeanRead More The Fabulous Fifties Essay1734 Words   |  7 Pages nbsp;nbsp;nbsp;nbsp;nbsp;Some may call it the â€Å"fabulous fifties,† but others call it a time of â€Å"tensions and insecurities.† Several people think back on the fifties and remember them as the â€Å"good old days,† while others think of it as a time of crisis and terror. Although Americans were faced with many hardships throughout the fifties, I think that the positive aspects such as the new technologies, growing economy, higher focus on education, and growing job opportunities of the era outnumberRead MoreHow and Why Did American Popular Culture Influence Australian Society in the 1950s and 1960s? To What Extent Did Australia Develop its Own Response to these Influences?1595 Words   |  7 Pagesvarious mediums, such as: music, film, television and fashion. This especially affected teenagers. It will be explained how Australian society was impacted by American popular culture, and also why American popular culture had such an affect. Australian develope d its own responses to these influences, and the extent of this will also be explored. The 1950s meant the emergence of the teenager; it also brought peace and prosperity to many. And during the fifties there were far more American films releasedRead MoreHow Media Influences Our Health1144 Words   |  5 PagesTelevision and Your Health Media can be helpful as a tool to promote healthy living and lifestyles. News broadcasts can influence society’s views on how to be healthy. These broadcasts do this by illustrating how to make healthy choices. News broadcasts have the ability to shift society’s focus from obesity and weight loss to healthier eating and being more active. They draw attention to the need for policies on things such as fast food marketing to youth and the quality of foods in schoolsRead MoreEffects of Technology Essay660 Words   |  3 Pagesfor more and more ways to be entertained, and all it is doing is causing problems. People are doing less and less thinking and more and more watching, listening, and playing, all because of technology. Forms of entertainment like the Internet, television and even video games seem harmless to people, but they are really not. When the Internet was first introduced, people never thought it would be as big as it is today. The Internet is an easy to use technology that can do just about anything. Read MoreAnalysis Of The Movie Rodman Sterling 886 Words   |  4 Pages Rodman Sterling is considered one of the best television writers in American history. Starting from a small city town within Syracuse, New York, the experiences of war and the injustices within the workplace developed Rod’s concern for the state of society. He went forward to get a degree in English literature and drama. As his talent for writing developed, he received several Emmy awards and became one of the best things to happen to television (PBS). Sterling’s playwright ability enabled him toRead MoreCommunication in Ancient Period1183 Words   |  5 Pagestelegraph key. The second person would writ e each letter on a piece of paper as it was received. Here is what it sounds like. For our example we will only send you three letters: VOA. We will send it two times. Listen closely. In the eighteen fifties, an expert with a telegraph key could send about thirty-five to forty words in a minute. It took several hours to send a lot of information. Still, the telegraph permitted people who lived in cities to communicate much faster. Telegraph lines linkedRead More Viacom Essay1057 Words   |  5 Pagespositions in broadcasting cable, television, radio, outdoor advertising, and online. With programming it appeals to audiences in every category across all media, the company is a leader in the creation, promotion, and distribution of entertainment, news, sports, music, and comedy. Viacom’s well known brands include CBS, MTV, Nickelodeon, Nick at Nite, VH1, BET, Paramount Pictures, Infinity Broadcasting, Viacom Outdoor, UPN, TV Land, Comedy Central, CMT: Country Music Television, and Showtime. nbsp;nbsp;nbsp;nbsp;nbsp;SomeRead MorePopular Culture of the 1960s Essay751 Words   |  4 Pagesend of the fifties and the beginning of the sixties as during the fifties the average weekly wage of an employed adult doubled. This meant that people had more money in there pocket for leisure spending. More people had cars and could take day trips to the coast and the doubled wages meant people could take week or two week holidays during the year. The invention of the television was an overnight success. As the average amount of time spent watching television was five

Sonnys Blues by James Baldwin, a Narrative View - 856 Words

Each story has a protagonist, the main character, the one that seems to have the attention focused on them. Then theres usually an antagonist, the opposite of the protagonist, the so- called bad apple in the family. It seems to be that way with the modern family we see today. Sonnys Blues is mainly of an older brother who only wants to see the best for his youngest brother, Sonny. Coming from a middle-class family, things that happen to Sonny arent what the brother though would come about. The oldest brother in the family has strong values but cant understand how his brother could get himself into so much trouble like this. He explains in the story that he and his family were trying so hard to be a model middle-class family in†¦show more content†¦He tries to ignore the feelings and hopelessness, but realizes that blues music is an easy way to escape, much of like what his brother has done. Sonny doesnt realize his brother fears reaction just like the narrator doesnt underst and Sonnys feelings with drugs and what his life is like. The narrator starts to actually relate when his daughter dies, he begins to see all the trouble that Sonny goes through and realizes he too needs an area to escape. He wants to relate to his brother, he wants to start to understand what its like to be the lesser favorite of the children. WORKS CITED Baldwin, James. Sonnys Blues. Literature: An Introduction to Fiction, Poetry, and Drama. X.J. Kennedy and Dana Gioia. Pearson/ Longman: New York. 2005.Show MoreRelatedSonny s Blues By James Baldwin827 Words   |  4 PagesSonny’s Blues In James Baldwin’s â€Å"Sonny’s Blues† it is only when a brother loses his child that he realizes how easy it can be to lose his brother. The narrator’s little brother, Sonny, was left in his charge when their parents passed away. He neglects Sonny and leaves him to work through hard decisions on his own which leads to Sonny being picked up by the police for using and selling drugs. When the narrator’s daughter, Grace, passes he sees how suffering can affect people and reaches outRead MoreJames Baldwin s Reality Through Sonny1253 Words   |  6 Pages James Baldwin’s Reality through Sonny Sonny’s Blues digs deeply into the â€Å"Negro American† during Civil Rights and Jim Crow Era’s. Set in Harlem, New York in the 1950’s. James Baldwin’s stories give insight based on events of his culture and this becomes apparent through the analysis of the characters in Sonny’s Blues. James Baldwin uses his talents to paint a vivid picture of African American life through a fictional story of two brothers who choseRead More Siblings Relationship in James Baldwins Sonnys Blues Essay1612 Words   |  7 PagesSiblings Relationship in James Baldwins Sonnys Blues Eminent psychologists have made convincing arguments for the effect birth order has on personality. In addition, laymen can cite innumerable examples of domineering, pragmatic, reliable older siblings contrasting with those fitting the youngest stereotype -- irresponsible, spoiled, and selfish. Such character traits often cause lifelong conflict between siblings. In his short story Sonnys Blues, James Baldwin shows a profound exampleRead MoreHuman Emition vs. Ambiguity and Aesthetics618 Words   |  3 Pagesâ€Å"Words and Music: Narrative Ambiguity in ‘Sonny’s Blues,† by Keith Byerman is a critical analysis of the narrator’s discourse in â€Å"Sonny’s Blue.† Byerman argues that the use of language necessarily proves limitations. Byerman states that a â€Å"resolution can be accomplished† 1 when the message is â€Å"received or code is decipher in most case the message is withheld in some manner-through deception, innocence, or ig norance until a key moment in the narrative.† He supports this argument by pointing out howRead MoreJames Baldwin s Sonny s Blues2994 Words   |  12 PagesINTRODUCTION Sonny, from James Baldwin’s â€Å"Sonny’s Blues,† is portrayed as a sufferer. He struggles with his stagnation in Harlem, his unfulfilled dreams and the disconnect between himself and his only family, his brother. However, not all hope is lost. He serves as a teacher for others, full of knowledge of how one can truly suffer and still triumph (Norton 47). Only when he is finally able to connect with his brother through music, are his â€Å"blues† finally heard and he affirms his individualityRead MoreShort Fiction Stories: Sonnys Blues Essay748 Words   |  3 Pages This is my first time to read â€Å"Sonny’s Blues†. I think the reason for this short fiction wrote successful is great in portray the character and story details. The author James Baldwin use great literary elements to depict the story’s develop. I want to analysis the title, plot and flashback use in this short fiction. The first thing we will do to read an article usually read the title. Also, the title may become the reason for us to start read an article. Like me, sometimesRead MoreEssay on Sonnys Blues by James Baldwin1316 Words   |  6 Pagesâ€Å"Sonny’s Blues† revolves around the narrator as he learns who his drug-hooked, piano-playing baby brother, Sonny, really is. The author, James Baldwin, paints views on racism, misery and art and suffering in this story. His written canvas portrays a dark and continual scene pertaining to each topic. As the story unfolds, similarities in each generation can be observed. The two African American brothers share a life similar to that of their father and his brother. The father’s brother had a thirstRead MoreAnalysis Of James Baldwin s Sonny s Blues Essay2104 Words   |  9 PagesSeveral dialectics are at play in James Baldwin’s short story â€Å"Sonny’s Blues† including a dialectic between the narr ator and his beloved brother Sonny involving their opposing responses to the sense of oppression and limitation that arises from living in Harlem. This dialectic and its resolution closely parallel Baldwin’s masterful use of Blues, Jazz, and Gospel music. We follow the narrator and his brother Sonny as they traverse the complexities of their individual and interconnected Harlem livesRead MoreASAM 5 Notes Essay6590 Words   |  27 Pagesï » ¿Lecture 1- Stories: a core demand? Saturday, February 8, 2014 2:42 PM    Stories: a core demand? Children constantly ask to be read stories The need for narrative may not be as core as. Three parts Minority Literature Minority literature The concept of minority has been central to the very founding of American life and government Metaphors of minorities Invisibility : lock of recognition Notion of otherness: radical difference WEB Dubois, the souls of Black Folk (1903) Historian andRead MoreAmiri Baraka s 1964 Play, Dutchman1892 Words   |  8 PagesAmiri Baraka’s 1964 play, Dutchman, is a prime example of a work that has an allegorical meaning of the race relationships between African Americans and Caucasians during its time period. A major theme of this course is studying stories as narratives, in terms of understanding cultural diversity. Although Dutchman is a play, and not a novel or short story, the interaction between Lula and Clay assists the audience in conceptualizing black oppression after World War II through the system of language

Should the Age Allowance of Driving Be Lowered to 16 Years Free Essays

Should the age allowance of driving be lowered to 16 years? Driving has always been popular among young boys and girls, which goes back for over 100 years ago. The very first automobile was built by Karl Benz which was a German scientist in the 18s century. By his name you could wonder why his last name is Benz, which is the same name that we used to call â€Å"gasoline† (Bensin). We will write a custom essay sample on Should the Age Allowance of Driving Be Lowered to 16 Years? or any similar topic only for you Order Now Funny enough his father is called Mercedes Benz. Mercedes, as many people know, is the very first car-company. Since then cars has been mass-produced, and is now available to prices that suits almost everyone. It has given many solutions to people that lives far away from work, school, relatives etc. More importantly it has done benefits to transports of food supplies, material and other stuff which has kept this world on balance. But this has also led to many accidents on the streets, which mostly occurs by young people that does not exceed the age of 20, and is now ranked on the top death-accidental stuff a human being can experience. So we ask the following question: What is the most suitable age at which people can start driving? Psychologists that have been researching on young teenagers have stated that humans become uncontrollable when they enter the period of â€Å"14-17 years†. And that it is not unusual that teenager that entered that period become fiercer and starts rushing after inordinate desires, which affects driving vehicles a lot in a negative way. And only a few numbers of people can control that large amount of energy. P. Fredrik is a psychologist who has devoted his life on studying teenagers, and has said that the large amount of energy starts disappearing in the end of the age 17, and people become more controllable after they pass the age of 17. Even if driving at the age of 16 increases the risk of accidents on the streets, there will also be lots of benefits of allowing people to drive at the age of 16. Principal of Kenny University, George Johansson has stated that more students start to drop school after they finish High School. Doctor Dennis Henry has been studying that reason for 5 years now and has come to some few reasons to why more students start to drop school after High School. And one of those reasons says that students has a lack of ransport since school buses aren’t available after High School and they still don’t have the right to drive vehicles to school which could replace the need of transport. Therefore stops encouraging students to enter Universities. Finally, to keep the minimum number of accidents on the streets which can lead to death or permanent injuries and at the same time give students the opportunity to enter Universities which will give them a better life in the near future, the a ge allowance of driving vehicles should keep it at 18 years. How to cite Should the Age Allowance of Driving Be Lowered to 16 Years?, Essay examples

Gotta Catch ‘em All free essay sample

Pokemon: an imaginary species made for child entertainment. But it is beneficial in ways more important than entertainment. Ash Ketchum, the main character, grows up as an individual and as a friend. Whether he is training to defeat a gym leader, or battling to boost the stats of his Pokemon, Ash is constantly working to improve. Squirtle to Wartortle to Blastoise and Charmander, Charmeleon, Charizard. The evolution of the Pokemon goes along with the maturation of Ash. If Ash doesn’t focus on improving himself, his Pokemon don’t improve, resulting in failure. Playing Pokemon on my Gameboy Color is more than a hobby. It provided more than entertainment. It showed me what it takes to succeed in the real world. A dream doesn’t just come true, it is earned. Playing Pokemon provides an opportunity to grow up in a matter of hours. It is more than walking around and killing creatures. We will write a custom essay sample on Gotta Catch ‘em All or any similar topic specifically for you Do Not WasteYour Time HIRE WRITER Only 13.90 / page It requires making strategies to beat any of the eight gym leaders, capturing and training Pokemon, and exploring on your own. Growing up requires making decisions and living with the consequences. Developing from a child to a boy to a man is the same as the development of a Pokemon. A Pokemon must be trained by someone more experienced then it. After it’s trained, it is time to put it to the test. And after a certain point, it becomes its own Pokemon and no longer need a trainer. This is just like the development of a student. After learning from parents, a student goes to elementary school and then high school, where they are taught everything. After high school, it is time for college. At college, no one will make sure students go to class. No one will come to them if they are missing an assignment. College is the time to apply what was learned in childhood and use it to be successful in the real world. Ash’s hope to â€Å"catch ‘em all† is his definition of success. My definition is not to capture every type of creature in the world. It is not to be famous, nor is it to be the richest man in the world. My definition of success is to be my own man, to pass my knowledge on to others and to live as a free man. Success for me is â€Å"catching ‘em all,† in my own way. To me, â€Å"catching ‘em all† means ESPN. A reporter. An anchor. An author. All of the above. Being on ESPN is my childhood dream. â€Å"Catching ‘em all† means having a dream, chasing a dream, fulfilling a dream.

Sacrifice Within The Israelite Religion Essays - Book Of Leviticus

Sacrifice Within The Israelite Religion The primary religious rituals of Israelite religion involved sacrifices and offerings. The ritual system within the Israelite cult evolved around gifts and offerings that were presented before Yahweh. In examining the book of Leviticus, the sacrificial system of the Israelites can be identified. It is this sacrificial system that was handed down by God through Moses that allowed the people of Israel to cross over the gap between their own weaknesses and corruption to the expectations presented by God. Sacrifices symbolized an acknowledgement of guilt and a need for divine grace and forgiveness. Understanding the Israelite Cult The Israelite cult is set apart from other cults in that the people were bound together to worship one God. ?The distinctiveness of the Israelite cult is nothing other than the limitation of cultic activity to one particular patron deity? (Anderson, 1987;3). The cult's foundation of worship centered on those sacrificial gifts and offerings that were given to Yahweh. In addition, the Israelite cults were village centered. In the beginning of the 12th century BC, settlements on the hill country of Judea and Ephraim began to increase in number and density. The farming that took place on these hills allowed Israelites to gain an independent economy from surrounding cult economies (Anderson, 1987;23). Sacrifice within the social context can be transgressed into two aspects, one relating to the offender, and the other being the offended one, God. ?If individuals entered a state incongruent with good relations with God, they had to undergo rites to restore them to a normative status? (Davies, 1985;155). Thus the sacrifice encompassed this social dimension. The part played by God in the social lives of man and the action of his divinity. The Meaning of the Sacrificial Ritual Man's very nature is sinful and redemption during this time was found in the rituals that they performed. It served as a medium between the people and God as a means of redemption for their sins. Sacrificial rituals were the mechanism by which disruptions within God's world were acknowledged and made right. ?A complete act of worship implies not merely that the worshipper comes into the presence of god with gestures of homage and words of prayer, but also that he lays before the deity some material oblation? (Smith, 1996:43). Thus, sacrifices created a ritual framework within the community, providing the Israelites with a system of order in their society. Sacrifices often took place within the temple. The tabernacle itself was established to be a place of communion between God and Israel. Here the rituals performed to God revealed not only their guilt offerings but it also was where God revealed his will anew to Israel. The physical structure here is important. The tabernacle is the threshold by which the ?transition from normal to abnormal, this world to other? is consecrated (Leach, 1985:144). The altar was a gateway to the world of God through which offerings could be made but also the channel through which the power of God is visible to man (Lev 9:24, 10:2). Sacrifices defined Defining the sacrificial rituals is complex. Some sacrifices were part of the daily rituals and considered voluntary. Other sacrifices took on deeper meaning and were considered compulsory, or to be performed on more special occasions. Nelson breaks down sacrifices into three separate categories: status maintenance rituals, status reversal rituals, and status elevation rituals (Nelson, 1993:55). All three categories share the same common practice of transference over some type of boundary. Maintenance rituals were intended to keep the daily life of the Israelite in equilibrium and to prevent disorder from occurring within the community or households (Nelson, 1993;55). The Day of Atonement, for example, was a day of rest where the people kept Sabbath and under the provisions of the Lord were not to perform any work during that day (Lev 23). The reversal rituals were designed to restore affairs to their proper condition by reversing impurity into purity and guilt into innocence. The cleansing ritual of the Leper transferred the individual from the unclean to the clean again prior to their entrance back into society (Lev 14). ?The elaborate anointing which follows the healing served to remove the person from his status of seclusion into a position of

Free Essays on The Sandbox

of the book describe why it had such an emotional impact on my life â€Å"Certain aspects of their lives I would never understand because in my existence warm houses and freedom from violence and hunger and cockroaches was my due. I had never had reason to expect otherwise. Now as an adult, I’ve learned that others live differently and that this different way of life, to them, was also normal. I could accept the fact, but I could not understand it. I do not believe anyone for whom it is not a living reality can; anyone claiming that extra measure of understanding either lies to himself or is a deluded braggart.† (One Child p. 29) I can’t understand why a mother would abandon her daughter on the road or why a father would beat and abuse her. Truthfully, I bet they don’t understand it either. But, it is clear to me that many of the causes of child abuse center on the needs and problems of the parents. I think the society needs to do something about this. In order to prevent other â€Å"Shielas,† or to at least minimize them, we must try to help and support the parents. These types of â€Å"parents† obviously have multiple emotional, medical, financial and social needs and find it difficult to meet the needs of their children. So what can be done? Our culture needs a parent-education program. The most important endeavor we embark on is parenthood - but no one is really â€Å"taught† how to be a parent. We should train, instruct and support our parents during infancy and toddlerhood stages after delivery; we should have age appropriate classes thereafter for early childhood, middle childhood and adolescence. These programs should center around prenatal development, physical development and intellectual and social development. Parents need to gain the self-confidence in their own parenting abilities - by using this approach they are gi... Free Essays on The Sandbox Free Essays on The Sandbox It’s hard to come up with the correct words to describe this book, so I’ll let the words of the book describe why it had such an emotional impact on my life â€Å"Certain aspects of their lives I would never understand because in my existence warm houses and freedom from violence and hunger and cockroaches was my due. I had never had reason to expect otherwise. Now as an adult, I’ve learned that others live differently and that this different way of life, to them, was also normal. I could accept the fact, but I could not understand it. I do not believe anyone for whom it is not a living reality can; anyone claiming that extra measure of understanding either lies to himself or is a deluded braggart.† (One Child p. 29) I can’t understand why a mother would abandon her daughter on the road or why a father would beat and abuse her. Truthfully, I bet they don’t understand it either. But, it is clear to me that many of the causes of child abuse center on the needs and problems of the parents. I think the society needs to do something about this. In order to prevent other â€Å"Shielas,† or to at least minimize them, we must try to help and support the parents. These types of â€Å"parents† obviously have multiple emotional, medical, financial and social needs and find it difficult to meet the needs of their children. So what can be done? Our culture needs a parent-education program. The most important endeavor we embark on is parenthood - but no one is really â€Å"taught† how to be a parent. We should train, instruct and support our parents during infancy and toddlerhood stages after delivery; we should have age appropriate classes thereafter for early childhood, middle childhood and adolescence. These programs should center around prenatal development, physical development and intellectual and social development. Parents need to gain the self-confidence in their own parenting abilities - by using this approach they are gi...

Impact of Corporate Governance in Curtailing Financial Risks in Dissertation

Impact of Corporate Governance in Curtailing Financial Risks in Organizations in the United Kingdom - Dissertation Example set of rules and regulations affecting the political, social and economic environment of a nation and the research aim at analysing the same in an analytical manner. In order to achieve above mentioned aims, the research focuses on objectives including: To analyse the impact and influence of corporate governance on the social, political and economic environment of the United Kingdom To investigate the reasons of financial risks and role of corporate governance in curtailing it To evaluate the contribution of corporate governance in offering transparency and systematic approach to deal with the social and business environment 1.3 Research Purpose The major purpose of the research is to identify the role of corporate governance in curtailing financial risks in financial institutions in the United Kingdom along with assessing its influence over the business and social environment. This would further help in understanding and analysing the loopholes pertaining to corporate governance. 1. 4 Research Gap The researcher accepts the fact that many researchers have followed single and multi cue approach for this particular subject but very few have used conjoint analysis approach that would be used to assess the importance of corporate governance in curtailing financial risks. It would further help in analysing its role in context to Saudi Arabia in the near future Chapter 2: Literature Review 2.1 Introduction The chapter starts with introducing the concept of Corporate Governance along with highlighting its role in curtailing financial risks in the financial institutions. It also highlights reasons behind a number of financial risks along with the need of introducing effective corporate governance measures. 2.2 Corporate Governance Clarke and Thomas (2004) defined corporate... Center of discussion in this paper is corporate governance as a set of processes and policies affecting the way an organisation is directed, controlled and administered in the political, social and business environment. The accountability of individuals and organizations in the society is assessed through corporate governance in an effective and efficient manner. Until very recently, the financial services sector in the United Kingdom has been managed and regulated in a unique self regulated environment where interested bodies stood up when problems arose and offered solutions. This system has several critics but the combination of efficient financial services organizations and cooperative government controlled and administered the industry in an exemplary manner. However, with a number of scandals, the state took the regulatory control of the area in the year 1997 offering very little scope to the self regulated process. It needs to be understood that corporate governance must have played a unique role in offering freedom to independent and government bodies in regulating and administering the industry. The state took the control because of a series of scandals lacking corporate governance. As per Stevenson’s report published in The Independent, one of the most unfortunate financial scandals include the Lloyd of London; the oldest and most trusted financial institution in the United Kingdom. The bank gambled its fortune along with the fortunes of few hundred investors and went under huge debts.