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The 15th Amendment (1870) extended voting rights to men of all races. The 19th Amendment (1920) prohibited the states from denying the vote on the basis of sex. The 24th Amendment (1964) sought to remove barriers to voting by prohibiting a poll tax.
The 15th Amendment gave African American men the right to vote in 1870. But many weren't able to exercise this right. Some states used literacy tests and other barriers to make it harder to vote. The 19th Amendment, ratified in 1920, gave American women the right to vote.
Section 5 was designed to ensure that voting changes in covered jurisdictions could not be implemented used until a favorable determination has been obtained. The requirement was enacted in 1965 as temporary legislation, to expire in five years, and applicable only to certain states.
Common shares or voting shares enable the holder to have an ownership interest in the company. Amongst voting rights, shareholders have the right to elect or remove company directors, examine corporate and financial records, and also appoint auditors to carry out company audits.