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Glossary: Glossary of terms
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Allegory is a device in which characters or events represent or symbolize ideas and concepts. Allegory has been used widely throughout the history of art, and in all forms of artwork. A reason for this is that allegory has an immense power of illustrating complex ideas and concepts in a digestible, concrete way. In allegory a message is communicated by means of symbolic figures, actions or symbolic representation. Allegory is generally treated as a figure of rhetoric; a rhetorical allegory is a demonstrative form of representation conveying meaning other than the words that are spoken.

Allegory of arithmetic, by Laurent de La Hyre, ca 1650
Allegory of arithmetic, by Laurent de La Hyre, ca 1650

As a literary device, an allegory in its most general sense is an extended metaphor. One of the best known examples is Plato's "The Allegory of the Cave." In this allegory, there are a group of people who have lived chained to the wall of a cave all of their lives, facing a blank wall. The people watch shadows projected on the wall by things passing in front of a fire behind them, and begin to ascribe forms to these shadows. According to the allegory, the shadows are as close as the prisoners get to viewing reality.

(source: Wikipedia)
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A metaphor is a literary figure of speech that describes a subject by asserting that it is, on some point of comparison, the same as another otherwise unrelated object. Metaphor is a type of analogy and is closely related to other rhetorical figures of speech that achieve their effects via association, comparison or resemblance including allegory, hyperbole, and simile.

One of the most prominent examples of a metaphor in English literature is the All the world's a stage monologue from As You Like It:

All the world?s a stage,
And all the men and women merely players;
They have their exits and their entrances;

William Shakespeare, As You Like It, 2/7

This quote is a metaphor because the world is not literally a stage. By figuratively asserting that the world is a stage, Shakespeare uses the points of comparison between the world and a stage to convey an understanding about the mechanics of the world and the lives of the people within it.
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Symbolism is the practice of representing things by symbols, or of investing things with a symbolic meaning or character. A symbol is an object, action, or idea that represents something other than itself, often of a more abstract nature. Symbolism creates quality aspects that make literature like poetry and novels more meaningful.

(source: Wikipedia)