USA in 1929, Argentina today (2)

After reading the book “Cinderella Man”, the true story of the heavyweight Jim Braddock, we have found several similarities with that period of the history, 1929, and Argentina today.
The 1920’s had been good times in the United States President Herbert Hoover thought that the good times would never end, but he was wrong. The country was producing more that it needed, and many historians believe that was the cause of the problem. The end came suddenly, in October 1929, when the whole system crashed. The economy failed, banks closed, families around the country lost their homes, and the bad times continued to be hard for more Americans.
In Argentina the financial crisis exploded in 2001, plunging 50% of the population into poverty.
According to statistics recently issues by INDEC, in the first six moths of this year poverty in Argentina dropped to 13,9%. In number, this amounts to 3.429.000 people in Argentina, of whom 99.500 are considered destitute. They fall under the extreme poverty line, which is based on the inability to afford what INDEC deems to be “minimum dietary requirements”.
The poorest part of the country is the North-East, where statistics show that 26,3% of the population is considered poor, and a further 7,1% suffers from extreme poverty.
The 64,34% of the Argentinian people lose their jobs and don’t have any food to eat. Some people lose their homes too and die in the streets.

Written by Díaz Samantha and Zavaleta Cecilia