One century ago Viktor Hess carried out several balloon flights that led him to conclude that the penetrating radiation responsible for the discharge of electroscopes was of extraterrestrial origin. One century from the discovery of this phenomenon seems to be a good time to stop and think about what we have understood about Cosmic Rays. The aim of this review is to illustrate the ideas that have been and are being explored in order to account for the observable quantities related to cosmic rays and to summarize the numerous new pieces of observation that are becoming available. In fact, despite the possible impression that development in this field is somewhat slow, the rate of new discoveries in the last decade or so has been impressive, and mainly driven by beautiful pieces of observation. At the same time scientists in this field have been able to propose new, fascinating ways to investigate particle acceleration inside the sources, making use of multifrequency observations that range from the radio, to the optical, to X-rays and gamma rays. These ideas can now be confronted with data.