USA in 1929, Argentina today

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 seen good times in the United States. In 1928, during the “Roaring Twenties”, there was time of great economic prosperity and social changes in the United States. Since World War I, the American economy had been growing faster, so people were fascinated that the good times would never end, but this was wrong.
On 29th of October 1929 the US stock market collapsed, ending with the good times that they had had. The consequences of that “crash” were homeless new Yorkers living on the streets, in cars, on the subway, among others.
Nowadays, in Argentina we can also see homeless poor people living on the streets, families around the country have lost their money and their jobs, a lot of people have started to build shanty towns to live in, robberies are many more than never before and there are a lot of kidnappings. These are only a few consequences after the crisis.

By Ezequiel Garbagnati, Gonzalo Lloriú and Nicolás Sabas