CHARLOTTE, NC - SEPTEMBER 06:  Democratic presidential candidate, U.S. President Barack Obama and Democratic vice presidential candidate, U.S. Vice President Joe Biden wave after accepting the nomination on stage with family during the final day of the Democratic National Convention at Time Warner Cable Arena on September 6, 2012 in Charlotte, North Carolina. The DNC, which concludes today, nominated U.S. President Barack Obama as the Democratic presidential candidate.  (Photo by Chip Somodevilla/Getty Images)

Democratic National Convention

Founded in 1832, the Democratic National Convention (DNC) serves as a coronation for the Democratic Party. Hosted every four years, it clarifies the party's core principles and political intentions (referred to as the "party platform") and confirms the Democratic presidential nominee. At the 2012 DNC, President Barack Obama accepted his re-nomination for presidency and he laid out his agenda regardiing issues such as job creation, energy conservation, taxes and education reform.