On September 17, 2011, about 1,000 people gathered in Zuccotti Park, in the heart of New York City’s Financial District, to protest corporate corruption. “Occupy Wall Street” became the first of hundreds of protests affiliated with the Occupy movement.Occupy Wall Street came after a long summer of criticism of the banking industry and its influence on government. Criticism came from a wide spectrum. Former U.S. Secretary of Labor Robert Reich objected to the world’s growing income inequality. Financial leader Warren Buffett wrote an essay titled “Stop Coddling the Super-Rich.” The technological activists of the group Anonymous supported Occupy’s “plurality of voices.”Occupy is an international movement, largely inspired by the Arab Spring protests in North Africa and the Middle East. Occupy protests have drawn thousands, even millions, of demonstrators in Canada, Chile, Brazil, Israel, Germany, and Australia. The largest Occupy protests were held in Italy and Spain, countries experiencing severe economic depressions.Today, the Occupy movement works with other nonprofit organizations in support of financial stability, and continues to encourage economic reform in business and government. An executive director of the Bank of England has said “Occupy has been successful in its efforts to popularize the problems of the global financial system for one very simple reason: They are right.”
Term Part of Speech Definition Encyclopedic Entry activist Noun
person who strongly and actively supports an issue or point of view.
to associate or connect to something else.
Arab Spring Noun
(2010-ongoing) demonstrations and uprisings supporting democracy throughout North Africa and the Middle East.
organization that loans, protects, and exchanges money to and from individuals and organizations.
having to do with a corporation or large business.
dishonest or willing to take money for favors.
organized public display of support or criticism for a policy or event.
period of economic hardship, when employment and wages are low, and the value of businesses declines.
having to do with money.
to inspire or support a person or idea.
having to do with money.
to bring together or collect.
system or order of a nation, state, or other political unit.
wages, salary, or amount of money earned.
activity that produces goods and services.
difference in size, amount, or quality between two or more things.
to encourage or persuade a person or organization to act a certain way.
to influence to act.
group of people or organizations with a common set of interests and plan for pursuing them.
nonprofit organization Noun
business that uses surplus funds to pursue its goals, not to make money.
protest noun, verb
demonstration against a policy or action.
continuous band of material with each piece differing in small amounts from the piece before and after it.
balance or steadiness.