Tag Archives: wall street

The Occupy Wall Street movement

Ten years ago there was a movement that started on the doorstep of the New York stock exchange and, within months, it swept the globe. There were “Occupy” encampments in nearly every public park of every major city on the planet. Millions of people were engaged in the cause and the protests were massive. According to Wikipedia, the first protest to receive widespread attention was in New York City’s Zuccotti Park on September 17th, 2011. By October 9th, Occupy protests were happening in over 951 cities across 82 countries. How Did it Start? To answer this, we need to go back a few years to the bank bail-outs of 2008. Due to gross mismanagement, most banks and lending institutions were in big trouble. They were weeks away from imminent collapse. This would have resulted in a massive ripple in the global economy, affecting many lives. So how was this crisis averted? In the…

Read more