Occupy Wall Street

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In 2008, the United States of America (US) experienced a financial crisis which affected the rest of the world. Investment banks and Wall Street crashed. It left a good portion of US citizens in debt, unemployed, homeless, etc. As a result, Occupy Wall Street became a movement to demonstrate that the people have had enough and started protesting and voicing their opinions. In terms of globalization, the development of ‘Occupy’ movements have altered the notion of social movements to which it is not just about highlighting and fighting for causes, rather it desires to place the power back into the hands of the people. The term ‘movements’ has become a catchall definition about the mobilization of people from short term causes to longterm causes.1 Through an analysis of Occupy Wall Street (OWS), it will be demonstrated that there was a globalized response and movement toward the 2008 financial crisis which illustrated an issue of the inequality of income between social classes. The paper will explain the trajectory to an international movement though five sections: the 2008 US financial crisis, Occupy Wall Street, the local and global response, the opposition, and the obstacles and its legacy. Structurally, the paper divides into five different segments to illustrate the journey of OWS to which it transitioned from a local movement to a global one. The first part will examine the 2008 US financial crisis to showcase where the problem originated and to understand how the movement became a consequence to the recession. The second part analyzes OWS and its values which is the foundation of their cause. The third part views the reception of OWS within the local and global spheres. As a result of the response, the fourth part will su... ... middle of paper ... ...ards the social inequalities that have been ignored for far too long. By understanding the 2008 US financial crisis, the creation of OWS would be understood as a protest of the economic inequality that reinforces the social inequality. The OWS became a viral sensation within the international spheres for promoting direct democracy and a diverse form of mobilization. Locally, the opposition was those in power and the mainstream media that were trying to distract the public from the actual social issues that need immediate attention. Every movement has its problems from becoming ultimately successful which was its lack of organization and consensus over the focus of OWS. Importantly, their legacy is the use of social media as a movement tool that can cross territorial boundaries and create a global movement that can be unified, rather than just responding to the news.

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