• 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.
It was the end of good times in North America in the 1920`s when the economy failed and as a result ten thousand factories in the New York area closed down and suddenly millions of people were out of work.
The American economy did not recover and a lot of Americans lost their homes. People started to live on the streets, in cars, on the subway and in Central Park.
On October 29, 1929 the banks closed and companies went out of business.
This was called the Crash of 1929.
The economic and social situation in Argentina, during the financial crisis that exploded in 2001 was very hard because a lot of people lost their jobs, many people lived on the streets or on the subway; and all over the country people began building shanty towns to live in.
In the first six months of this year, statistics show that the poorest part of the country is the North-East, 26,3 % of the population is considered poor, and a further 7,1 % suffers from extreme poverty.
Written by Gazzaneo, María Lucía and Mazeikaite, Victoria.(3rd year)
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