In October 1929, an event known as 'Black Tuesday' marked the beginning of the most severe economic downturn in American history - The Great Depression. The stock market crash resulted in a panicked sell-off of shares, leading to an overall economic collapse. Banks failed, businesses closed, and millions of Americans were left jobless and impoverished. The impacts of the Great Depression were devastating. Unemployment rates soared to an alarming 25%, and those with jobs faced significant wage cuts. The 'Dust Bowl', a series of dust storms caused by poor agricultural practices and drought, further worsened conditions. President Franklin D. Roosevelt's 'New Deal', introduced in 1933, aimed to stimulate economic recovery and alleviate poverty. Key legislation established public work programs, financial reforms, and regulations. These measures not only provided relief to the American people but also laid the groundwork for modern financial regulatory systems. Today, the strategies used during the Great Depression continue to influence economic policies. An example is the recent government stimulus packages provided during the COVID-19 pandemic. Studying the Great Depression helps us understand the importance of financial regulations and the government's role in economic recovery, providing valuable lessons for the future.