A very interesting slide show, illustrating how the recent collapse parallels the Great Depression, and Obama’s actions parallel those of Herbert Hoover.
Audio slideshow: The road to Hooverville
The Wall Street Crash of October 1929 was a trigger that quickly plunged the United States from economic prosperity to the depths of the Great Depression.
Millions of Americans lost their jobs and homes, and many were forced to live in shanty towns, nicknamed Hoovervilles after the country’s president Herbert Hoover.
Through this collection of archive photographs, Professor David Reynolds, presenter of Radio 4’s landmark seriesAmerica, Empire of Liberty looks at what happened when the United States went from boom to bust.
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