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Ryerson University
GEO 312
Michael J.Bardecki

Complete Pool of Terms: 1) Conflict Perceptive: • Views society as a struggle for resources and power • Different groups compete for “scarce” resources: money, power, prestige, authority • Some groups prosper at the expense of others • Change is inevitable, often beneficial and can be violent • Conflict is universal; social consensus is limited; inequality is widespread • Variants include feminism, Marxism 2) Functionalist Perceptive • Society is a complex system of parts that interact organically to accomplish various necessary functions. • Change is generally accepted if gradual but seen as disruptive • Social stratification is natural, inevitable, necessary 3) Internationalist Perspective • Recognition that interpersonal relationships are important sources of social change • Interaction between individuals is negotiated through shared symbols and nonverbal communications • Social change involves a new consensuses and different meanings(e.g social movements) • Apparently natural or innate features of life are often sustained by social processes that very historically and culturally (e.g centrality of nuclear “family values” roles of men and women in society) 4) Deconstruction(This is what we will talk about) 1) To breakdown into components; dismantle 2) To write about or analyze following tenets of destruction 5) Fannie Mae  Federal government brought in a whole series of prices of legislation and established Federal Housing Administration and agencies Fannie Mae and Freddie Mac  These agencies were brought in for underwriting of home loans and guarantee lenders payment in case of default • Founded 1938 during Great Depression as part of a new deal • It is a government sponsored enterprise though it has been a publicly traded company since 1968 • The corporations purpose is to expand the secondary mortgage market by securitizing mortgages in form of mortgage backed securities allows lenders to reinvest their assets into more lending and in effect increasing number of lenders in the mortgage market by reducing reliance on thrifts. 6) Ninja mortgages: • =No Income, no job, no Assets • Zero down payment mortgages, no principal payments, adjustable rate mortgages  This all generated a “bubble” in which people could not afford to stay out of the market 7) Speculative Bubble:  A spike in asset values within a particular industry, commodity, or asset class  A speculative bubble is usually caused by an exaggerated expectations of future gr
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