The Great Depression was the worst economic downturn in American history. Countless books and historical explorations have focused on the era, but, somehow, myths about the Great Depression abound. While most recessions are over in a few years, the Great Depression lasted for over a decade and saw massive unemployment and the destruction of wealth. It shaped a generation who grew up with fewer material possessions and an understanding of poverty and what it means to struggle. It's one of the reasons Franklin Delano Roosevelt is considered one of the greatest US Presidents of all time. However, it also spawned a multitude of popular legends about the causes of and solutions for this dark period in American history.
There are many misconceptions about the Great Depression that endure today. A variety of interested parties have made it a point to craft the narrative of the Depression to support their political agendas in the time since it took place. Fortunately, there still are serious historians who have looked at the Depression from many angles and seek to uncover the truth of the matter.
The Depression Was Caused By The 1929 Stock Market Crash
The Depression Was Limited To The US
People Buying Stocks On The Margin Caused The Stock Market Crash
Herbert Hoover Was A Pro-Free Market, Laissez-Faire President