All nations of the world face tragedies. When a tragedy occurs in a nation, it affects all citizens of the country. People can be affected mentally, socially or even physically. But in some cases, tragedies can lead to a better life. One such tragedy that helped the nation as a whole reform itself was the stock market crash of 1929. The stock market crash of 1929 strengthened the nation as a whole by leading to the creation of policies such as the Glass Steagall Act , the Security Exchange Act. and the Social Security Act. The stock market collapsed for a multitude of reasons. After World War I, the American stock market increased significantly. Many people believed they could make a profit on stocks and so invested in them. Some people, who did not have the necessary money, borrowed money from banks to invest in stocks. This was called “margin buying.” In 1929, stocks experienced a significant decline. This surprised investors and so they were looking for alternative people to buy their shares. People who borrowed money from banks were unable to repay them, leading to bankruptcy. Another cause would be the increase in the production of electrical appliances, which would allow American companies to expand. People purchased goods from businesses using credit cards, giving them time to pay later. People purchased many goods this way and were unable to purchase goods later because they were in debt. Companies weren't making profits because people weren't buying their products. This caused many businesses to close and also led to a drop in inventory. This initially sparked the start of the Great Depression. Stock market crash indicates falling stock prices. This happened in 19...... middle of paper ...... we didn't have access to these resources. (Social Security: An Agenda and Policy History) Throughout America's history, tragedies have caused people to suffer dearly. But in some cases, tragedies are like stepping stones that help us become a better nation. The stock market crash of 1929 strengthened the nation. He created many policies such as the Glass Steagall Act, the Security Exchange Act, and the Social Security Act that contributed to the well-being of the people. People received money during unemployment and old age. The government also financed aid to the sick and disabled and also ensured the safety of the people's money. These acts have provided Americans with support and numerous services to live sophisticated lives in which no American suffers. Some may think a tragedy is the end of the world, but maybe it's just a new beginning..