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 collapse the country plunged into the world's harshest depression. This collapse was caused by a number of problems in the United States, including the overproduction of goods, the unequal distribution of wealth, and the poor regulation of the stock market itself. Many can argue that the crash of 1929 strengthened the nation, allowing for policies such as Roosevelt's first New Deal, the second New Deal, the Glass Steagall Banking Act, and new regulations in the stock market and for big business (Blumenthal, Karen). . However, what cannot be debated is why the crash triggered 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 collapse was caused by overproduction and underconsumption of goods and the use of credit in the market. People would use credit to buy stocks and couldn't afford to repay their loans. This created a failure among banks, affecting the entire nation. In October 1929, the stock market crashed causing billions to be lost in the market, sparking the Great Depression. (“Overproduction is seen as one of the causes of our most recent crisis.”) The stock market has been abused for years. As for the long term, people who used the stock market began using credit to buy their own stocks, borrowing from banks and were unable to repay their loans. The government during this period used a Laissez Faire policy, corporate consolidation was not questioned, favoring the rich (FEARON, PETER). When confidence in the stock market began to fall, people...... paper...... Bonk). Although many banks were back in business and ready to be used 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). While the stock market crash created a terrible place in American history, the crash also strengthened the nation for the future. The government now regulated the market and introduced new laws for future depressions or recessions. After these acts, such as the Glass Steagall Banking Act, were recalled, history repeated itself, as the stock market once again had a similar decline in 2008. With these regulations in place, the stock market and the economy they could be much safer for the future. decades. The stock market crash of 1929 should be an example for the future, proving that history actually repeats itself.