Great myths of the great depression mp3 many volumes have been written about the great depression and its impact on the lives of millions of americans historians economists and politicians have all combed the wreckage searching for the black box that will reveal the cause of this legendary tragedy. Five myths about the great depression people gather on the sub treasury building steps across from the new york stock exchange on black thursday oct 24 1929. Great myths of the great depression by lawrence w reed original edition printed in 1981 this edition was printed in 2010 as a joint project of the mackinac center and the foundation for economic education to james m rodney a great friend of truth character and liberty. Great myths of the great depression january 1 1998 font size 75 100 125 150 by lawrence w reed editors note this publication was updated in april 2010 students today are often given a skewed account of the great depression of 1929 1941 that condemns free market capitalism as the cause of and promotes government intervention as . Great myths of the great depression the new deal deficit spending helped boost the economy and bring the unemployment rate down to single digit levels but fear of deficits limited the scale of new deal programs and caused roosevelt to reverse course and cut back on spending in 1937 just as the economy was gaining momentum
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