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Occupy Wall Street

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Occupy Wall Street (OWS) was a progressive, populist movement. It focused on economic inequality and the influence of money in politics. The movement targeted corporate greed and the power of big finance. It began in Zuccotti Park in New York City's Financial District. The protest lasted for fifty-nine days, from September 17 to November 15, 2011.

Day 60 Occupy Wall Street November 15 2011 Shankbone 7
Day 60 Occupy Wall Street November 15 2011 Shankbone 7

Many factors led to the public's distrust of the private sector. This distrust grew after the 2008 Great Recession in the United States. During the George W. Bush administration, the government created the Troubled Asset Relief Program, or TARP. This program used taxpayer funds to buy toxic assets from failing banks. Additionally, a 2010 Supreme Court ruling called Citizens United v. FEC changed political spending. This ruling allowed corporations to spend unlimited amounts on independent political expenditures. Many groups believed this allowed moneyed interests to corrupt the United States Congress.

2008 Top1percentUSA
2008 Top1percentUSA

Organizers used specific tactics to build the movement. Kalle Lasn and Micah White from the magazine Adbusters first called for the occupation. They wanted a peaceful protest against corporate influence on democracy. They used decentralized organizing and symbolic occupation to reach people. The movement also used social media to share news in real time. This digital presence helped the protest reach audiences far beyond Manhattan. By mid-October, Facebook listed 125 different Occupy-related pages.

Wall-Street-1
Wall-Street-1

Protesters organized themselves through a system called general assemblies. In these meetings, they used consensus-based decision-making. This means they worked toward agreements that everyone could accept. Instead of just petitioning authorities, they focused on direct action. They also used a unique communication method called a "human microphone." This allowed people to be heard in large crowds without electronic amplification.

Day 14 Occupy Wall Street September 30 2011 Shankbone 2
Day 14 Occupy Wall Street September 30 2011 Shankbone 2

The movement is famous for the slogan, "We are the 99%." This phrase refers to the income and wealth inequality in the United States. It compares the wealthiest 1% to the rest of the population. The slogan helped turn abstract economic ideas into a shared identity. A Tumblr page helped people share personal stories about debt and unemployment. Anthropologist David Graeber played a leading role in coining this famous phrase.

We Are The 99%
We Are The 99%
David Graeber 2015-03-07 (16741093492) (cropped)
David Graeber 2015-03-07 (16741093492) (cropped)

The goals of the movement were very broad. Protesters wanted to reduce corporate influence on the political process. They also sought a better distribution of income and more jobs. Other goals included bank reform to stop speculative trading. They also advocated for student loan debt forgiveness and help for those facing foreclosure. They believed the economic system favored wealthy elites over ordinary citizens.

Day 47 Occupy Wall Street November 2 2011 Shankbone 10
Day 47 Occupy Wall Street November 2 2011 Shankbone 10

Occupy Wall Street had a significant impact on global discussions. It gave rise to the wider Occupy movement across the United States. It also connected to protests in other Western countries. Similar demonstrations occurred in places like Greece, Spain, Chile, and India. Even after police forced protesters out of Zuccotti Park, the movement changed shape. Protesters moved their focus to occupying banks, corporate headquarters, and college campuses.

Day 14 Occupy Wall Street September 30 2011 Shankbone 47
Day 14 Occupy Wall Street September 30 2011 Shankbone 47
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File:David Graeber 2015-03-07 (16741093492) (cropped).jpg
David Graeber 2015-03-07 (16741093492)...
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We Are The 99%.jpg
File:2008 Top1percentUSA.svg
2008 Top1percentUSA.svg
File:Day 14 Occupy Wall Street September 30 2011 Shankbone 47.JPG
Day 14 Occupy Wall Street September 30...
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Day 14 Occupy Wall Street September 30...
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Day 47 Occupy Wall Street November 2 2011...
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Day 60 Occupy Wall Street November 15...
File:Wall-Street-1.jpg
Wall-Street-1.jpg
File:Arun Gupta photo3.jpg
Arun Gupta photo3.jpg
File:Day 60 Occupy Wall Street November 15 2011 Shankbone 9.JPG
Day 60 Occupy Wall Street November 15...
Department of Homeland Security...
File:Brooklyn Bridge - 03.jpg
Brooklyn Bridge - 03.jpg

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