Myths of the Great Depression

Myths of the Great Depression often exaggerate its causes and effects. One common myth is that the stock market crash of 1929 alone caused the depression, but it was actually a complex event with economic weaknesses, banking failures, and policy mistakes playing major roles. Another myth is that government policies, like high tariffs, worsened the downturn, though some oppose this view. Additionally, some believe the depression was a solely American issue, but it rapidly affected global economies. Understanding these myths helps clarify that the Great Depression was caused by multiple interconnected factors, not a single event or simple explanation.