The Great Depression was the deepest and longest economic downfall in United States history. No event has yet come close to rivaling today's Great Depression, even though we have experienced recessions in the past and fears of economic panic. Fortunately, the United States of America has had its share of experiences since the founding of this country and throughout its growth, many economic crises have occurred. In the United States, the Great Depression began shortly after the stock market crash of October 1929, which plunged Wall Street into panic and wiped out millions of investors ("The Great Depression"). Following this tragic event, many chain reactions occurred. Something that may come to everyone's mind today and the first thing one looks at after a presidential election and every new year is the stock. Stocks determine the health of the economy, the money people are willing to invest, take risks and win back or lose, but because of the crash it discouraged people from investing in stocks and instead, a huge number of withdrawals occurred, leading to the economic crisis. the collapse that occurred. The US government began to worry about running out of gold because everyone started turning the few dollars they had left into gold, so the Federal Reserve decided to increase the value of the dollar. Banks began to fail and lose their savings; people had to withdraw whatever money they had left, leaving banks with no choice but to close their doors. In turn, everything in the present and future is judged through actions, as they are of great importance in industrialized economies, which shows the health of the economy of the said country. . As investment discourages consumer spending, it leads to less consumer spending and old-age pensions that did not exist before and, thanks to the Great Depression, helps all Americans who arguably need 'economic relief while sometimes enjoying the social security that has arguably preserved America from economic chaos ("What is Social Security"?). The Great Depression led us to have a better economic system and change economic thinking. Laws were passed to prevent another depression from occurring. Although many years have passed since the Great Depression, the phenomena seen then are still evident today in 2014. High unemployment rates and low incomes among families forced into need of assistance social problems are seen today as they were at the time of the Great Depression. the Great Depression. However, the contrast between today and that time is that the economy is more under control due to laws that were passed to prevent another depression..