By restoring the library from my backup does that mean holding down the "option" button while clicking on the iPhoto icon, and the clicking on "create Library" tab? I'm not the most technically savy guy, but if you had the instruction on how to restore the library I'm sure I could follow them.
I noticed that I can access all the old photos when I go into the "Finder" and click on "Pictures". I'm able to look at them one at a time open them with "Preview", which makes me think I haven't permanently lost the pics.
Also, I did shut down my mac and open it up in "Safe Mode" as Old Toad recommended.
Any other advice is appreciated.