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.
We can say that the economic history has changed a lot. Once it was all right and suddenly the system crashed and caused a real disaster. As a matter of fact, it is normal; it happens all around the world and there are very similar stories in different countries. For instance, the Argentinian’s one.
To begin with in 1928 in North America the economy was thriving, people were good, they could afford their bills and support their families. In 1929 the US stock market collapsed. Because of that people’s life changed totally: people started to lose their jobs and had debts so they could neither pay them nor support their families. Therefore a lot of them were homeless and that “Great Depression” was something which the US couldn’t recover fast.
On the other hand throughout all its economic history Argentina had very similar situations. Here, nowadays people are homeless, without job and some families can’t support themselves and from our point of view all this is the cause of great insecurity.
WRITTEN BY: Feruglio, Mariana and Fontenla, Mayra Belén.(3rd year)
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