What was the Great Depression?

Title Page Dedication Copyright What Was the Great Depression? Time to Have Fun The Bubble Bursts The Banks Fail Hoovervilles and Hobos Losing the Farm Roosevelt to the Rescue Big Changes The Dust Bowl More Big Changes War! The Power of the President Timelines Bibliography What Was the Great Depression? In the fall of 1928, Herbert Hoover, future president of the United States, announced, "We in America today are nearer to the final triumph over poverty than ever before in the history of any land." Most citizens agreed. Life was the best it had ever been. Only 4 percent of the population was unemployed--four out of every one hundred workers. A little more than a year later, financial panic had taken over. The New York stock market crashed. Millionaires were ruined. Ordinary citizens lost everything. Excerpted from What Was the Great Depression? by Janet Pascal All rights reserved by the original copyright owners. Excerpts are provided for display purposes only and may not be reproduced, reprinted or distributed without the written permission of the publisher.