When the U.S. stock market crashed in 1929, President Herbert Hoover attempted to stop the U.S. economy from spiraling into what has become known as the Great Depression. Although President Hoover took action, most people agree that it just wasn't enough. Upset at Hoover, people began to give items that represented the economic crisis negative nicknames. For instance, shanty towns became known as "Hoovervilles." "Hoover blankets" were newspapers that homeless people used to protect themselves from the cold. "Hoover flags" were pants pockets that had been turned inside out, symbolizing a lack of money. "Hoover wagons" were old cars pulled by horses since their owners could no longer pay for gas. For more interesting history tidbits, browse through more history facts and trivia.