December 15, 2017

Today in History: Panic of 1857

Today in History–August 24–the Library of Congress features the Panic of 1857, which began on this date and was one of the most severe economic crises in U.S. history. Find out more about this event and other financial crises of the 19th century and early 20th century by reviewing the Today in History section and the resources below. Panic of 1857 Began from America's Library 1857 bank failure newspaper coverage "The Great Failure" The Atlantic Monthly Volume 1, Issue 4, February … [Read more...]

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...]