Thursday, 27 November 2014

Its Capitalism Stupid! Recession/Depression Images



This image is from the 1930's and shows a man selling a car for $100, mentioning on the sign that he 'lost it all on the stock market'. This would have been common sight in the 1930's as so much money was lost, and the public suffered badly. This man would have been looking for whatever money he could find, no matter what it took. Note that he appears to be dressed well, in a suit and hat, suggesting that maybe he worked in a big business, showing that they too were affected.







This is an image from a Wall Street protest in 2008, following the beginning of the Great Recession. Wall Street was the location of its beginning, or at least represented it, as they center of Capitalism in the US. Greed among the bankers and hedge fund workers was the cause according to man that had lost their jobs. The sign reads 'Its Capitalism Stupid', and this suggests that this the inevitable outcome of Capitalism. People were also annoyed because the banks were bailed out, but the people weren't. They had lost a lot of money and their jobs and had nothing in return given to them.

This changed from the 1930's because of the way that people reacted. There was some anger in the 1930's but some people, for example, the guy in the image, persevered and did what they could to raise money. In 2008, people protested and there was a lot more emphasis on the inequality of the Capitalist system. Banks were at the center of the controversy and were helped as people lined the street to announce and show their disgust.

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