Occupy Wall Street

Definition

Occupy Wall Street was a major social movement that began in 2011, when protesters occupied Zuccotti Park in New York City's financial district to demonstrate against economic inequality, corporate influence in politics, and the financial crisis. The movement quickly spread to other cities around the world, becoming a global phenomenon that challenged the status quo and called for fundamental changes in the economic and political systems.

5 Must Know Facts For Your Next Test

1. The Occupy Wall Street movement was inspired by the Arab Spring uprisings and the Indignados movement in Spain, which had also protested against economic inequality and the influence of financial institutions.
2. The protesters in Occupy Wall Street used the slogan 'We are the 99%' to highlight the growing wealth inequality between the richest 1% of the population and the rest of society.
3. The movement's tactics included occupying public spaces, staging demonstrations, and using social media to organize and spread their message.
4. Occupy Wall Street was notable for its leaderless, decentralized structure, which was intended to reflect the movement's commitment to participatory democracy and horizontal decision-making.
5. The Occupy Wall Street movement faced significant challenges, including clashes with law enforcement, internal tensions, and difficulties in translating its message into concrete policy proposals.

Review Questions

• Describe the key goals and demands of the Occupy Wall Street movement.
  • The Occupy Wall Street movement was primarily focused on addressing economic inequality and the disproportionate influence of financial institutions and corporations in the political system. The protesters sought to highlight the growing wealth gap between the richest 1% and the rest of society, and they called for reforms to address issues such as corporate influence in politics, the financial crisis, and the unequal distribution of wealth and resources. The movement's decentralized structure and emphasis on participatory democracy were also key elements of its overall goals and demands.
• Analyze the tactics and strategies used by the Occupy Wall Street movement to achieve its objectives.
  • The Occupy Wall Street movement employed a range of tactics and strategies to draw attention to its cause and mobilize support. These included occupying public spaces, such as Zuccotti Park in New York City, to create a physical presence and disrupt the normal functioning of the financial district. The protesters also used social media extensively to organize, share information, and amplify their message. Additionally, the movement's leaderless, decentralized structure was intended to reflect its commitment to participatory democracy and to make it more difficult for authorities to suppress or co-opt the movement. While the Occupy Wall Street movement faced significant challenges, its innovative tactics and strategies helped to bring issues of economic inequality and corporate influence into the public discourse.
• Evaluate the broader societal impact and legacy of the Occupy Wall Street movement, particularly in the context of social movements and their role in driving social change.
  • The Occupy Wall Street movement had a significant impact on the broader societal discourse, even if it did not achieve all of its specific policy goals. By drawing attention to issues of economic inequality and the disproportionate influence of financial institutions and corporations, the movement helped to shift the public conversation and put these issues at the forefront of political and social debates. The movement's emphasis on participatory democracy and grassroots mobilization also served as a model for other social movements, inspiring activists around the world to challenge the status quo and demand more equitable and inclusive political and economic systems. While the Occupy Wall Street movement faced significant challenges and did not lead to immediate, sweeping changes, its legacy can be seen in the continued focus on issues of economic justice and the ongoing efforts of social movements to drive meaningful social and political transformation.

Related terms

Social Movement: A social movement is a collective effort by a group of people to bring about or resist social, political, economic, or cultural change.

Activism:

Activism refers to the practice of taking action to bring about political, social, or economic change.

Grassroots Mobilization: Grassroots mobilization is the process of building a broad-based movement from the ground up, often through the efforts of ordinary citizens and community organizations.