The stock market crash marked a major turning point in the history of the United States. For decades, the United States was the world's leading superpower, but after the crash, the country sank into the world's worst depression. This crash was caused by a series of problems in the United States, including overproduction of goods, unequal distribution of wealth, and poor regulation of the stock market itself. Many can argue that the Crash of 1929 strengthened the nation, enabling policies such as Roosevelt's First New Deal, Roosevelt's Second New Deal, the Glass Steagall Banking Act, and new regulations on the stock market and for large corporations (Blumenthal, Karen). . However, there is no arguing with how the crash triggered a panic as businesses, people, and the nation sank into the Great Depression. The stock market crash of 1929 was a terrible event in American history, creating chaos and panic. The crash was caused by overproduction and underconsumption of goods, as well as the reliance on credit in the market. People used credit to buy stocks and could not afford to repay their loans. This created a bankruptcy among the banks, globally affecting the nation as a whole. In October 1929, the stock market crashed, causing the market to lose billions of dollars, triggering the Great Depression. (“Overproduction considered one of the causes of our most recent crisis.”) The stock market has been battered for years. In the long run, people who used the stock market started using credit to buy their stocks, borrowing from banks, and were unable to repay their loans. During this period the government used a laissez-faire policy, corporate consolidation went unchallenged, favoring the wealthy (FEARON, PETER). As confidence in the stock market began to fall, the paper population...... Bonk). Even though many banks were back up and ready for use again, the country was still in the midst of its greatest depression, and Roosevelt knew that solving this problem was at the top of his agenda (FEARON, PETER). In conclusion, Although the stock market crash created a terrible place in American history, it also strengthened the nation for the future. The government now regulated the market and introduced new laws for future depressions or recessions. After the recall of these texts such as the Glass Steagall Banking Act, history repeated itself, as the stock market once again experienced a similar fall in 2008. With these regulations in place, the stock market and the economy could be much more secure for the future. decades. The stock market crash of 1929 should be an example for the future, showing that history does in fact repeat itself..