During the 1920's the U.S experienced a chain of Republican presidents who all at the time believed in the ideas of Laissez Faire economics. The Stock Market Crash of 1929, a major event that many people blamed for the Great Depression, was a result of this "hand-off" political stance taken by Republicans. Presidents Warren G. Harding and Calvin Coolidge both had the ideas of keeping the market free of regulation that contributed to the economic downfall of the 1930's. The stock market was dominated my large investors and in 1929 when the prices of stocks were at its high many large investors sold leaving only the small investors. People were buying the stocks on credit meaning they did not really have actual money in the stock they were holding,