October 22, 2017

Today in History: Great Depression

Today in History–July 8–the Library of Congress features the Great Depression, as the Dow Jones Industrial Average fell to its lowest point on this day in 1932. During the Great Depression many families lost their homes because they could not pay their mortgages so they sought alternative forms of shelter. Groups of these makeshift houses were often referred to as Hoovervilles (see image above), named after President Hoover, who was blamed for the problems that led to the depression. Learn more … [Read more...]