In light of OWS, Brent Cox examines the encampments of WWI veterans that occupied DC in 1932:
Just as Occupy Wall Street unfolds in the shadow of the fiscal crisis of 2008 and the Great Recession that followed, the Bonus Army congregated in the full bloom of the Great Depression. … There was even a specific federal program that inflamed each: instead of the TARP program that doled out free taxpayer money to financial institutions recently, Hoover had established the Reconstruction Finance Corporation, an entity to save the large banks and railroads through government loans, just months before the Bonus Army declared their march.
Writing in The New Yorker during the Bonus Army protests, E.B. White wrote:
Being out of a job perforates the walls of the mind, and thoughts seep off into strange channels. To say that the country is as rich as it ever was is a joke: something is gone that used to be here—the spirit of millions of men is gone, and a man’s spirit is just as real a natural resource as gold or wheat or lumber.
Just as Occupy Wall Street unfolds in the shadow of the fiscal crisis of 2008 and the Great Recession that followed, the Bonus Army congregated in the full bloom of the Great Depression. … There was even a specific federal program that inflamed each: instead of the TARP program that doled out free taxpayer money to financial institutions recently, Hoover had established the