The free market works?

Failures in the free market were not responsible for the great depression in the US. It was due to an influx of people taking out loans to immediately put that money into the stock market that caused the crash. The free market would've corrected itself. Agree/disagree/discuss.

>>1
Actually it was government intervention that lopsided the economy causing overproduction. Further government intervention prolonged the depression long into the 30s.