facts.km


 * facts about the great depression **



during the great depression when Herbert Hoover served in our government as a republican (1874-1964) he was president during the great depression and had declared in march of 1930 that the u.s had passed the worst and argued the economy would work all out in the end but however there wasn't many more days until everyone started panicking. people who had lost everything they had were often called "Hoovervilles" named after the president. on black Tuesday, the market lost $14 billion! after there was a crash many suicides took place in New Yorks Financial district. and in 1932, half of all workers in Cleveland, Ohio were completely jobless and only 4 out of the 5 people had a place to earn money.

