The Great Depression and President Roosevelt
The Great Depression and President Roosevelt
The Great Depression was a worldwide business slump
of the 1930's. It ranked as the worst and longest
period of high unemployment and low business activity
in modern times. The Great Depression began in October
1929, when stock values in the United States dropped
rapidly. Thousands of stockholders lost large sums of
money. Many of these stockholders were even wiped out.
Banks, factories, and stores closed and left millions
of …
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…America. These collections of shacks and tents
were called "Homerville's" after Herbert Hoover, the
President of the United States when the depression
began. Frustrated and demoralized, many Americans took
their protests to the streets, demanding government
action.
Bibliography:
1. Melanie, Robert S. The Great Depression: America,
1929-1941. Times Bks., 1985. First published in 1984.
2. The World Book Encyclopedia. Field Enterprises
Educational Corporation. Volume 8. 1964.
3. Glassman, Bruce. The Crash of '29 and the New Deal.
Silver Burdett, 1986. For younger readers.
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