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 open doors to a better life. One of those tragedies that helped the nation reform itself as a whole was the stock market crash of 1929. The stock market crash of 1929 strengthened the nation as a whole as it led to the creation of policies such as the Glass Steagall Act, Security Exchange Act and the Social Security Act. The stock market collapsed for a variety of reasons. After World War I, the stock market in America had grown dramatically. Many people believed that they could make profits on stocks and therefore invested in them. Some people who did not have the necessary money borrowed money from banks to invest in stocks. This was known as "Margin Buying". In 1929 there was a sharp decline in supplies. This scared investors and so they looked for alternative people to buy its shares. People who borrowed money from banks were unable to repay it, which led to bankruptcy. Another cause could be the increase in the production of household appliances. This allowed American businesses to grow. People purchased goods from companies using credit cards, which gave them time to pay later. People purchased many goods this way and were unable to purchase goods later because they were in debt. Businesses didn't make profits because people didn't buy their goods. This caused many businesses to close and stocks to drop. This initially triggered the start of the Great Depression. The stock market crash indicates the decline in stock prices. This happened in 19… halfway through the document… and there was no access to these resources. (Social Security: A Program 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 were given money during unemployment and old age. The government also financed the sick and handicapped and also ensured the safety of people's money. These acts have provided Americans with support and many services to lead a sophisticated lifestyle in which no American suffers. Some may think that a tragedy is the end of the world, but maybe it's just a new beginning.