The great depression was not the countrys first depression though it proved to be the longest the common thread woven through the several earlier debacles was disastrous manipulation of the money supply by government for various reasons government policies were adopted that ballooned the quantity of money and credit. Great myths of the to james m rodney a great friend of truth character and liberty m any 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 sadly all too many of them decide to . In brief in this 15 minute video dr lawrence reed discusses the myths surrounding the great depression many volumes have been written about the great depression of 1929 1941 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 the calamity. Originalfile 85 great myths of the great depressionpdf typeofdocument 1 medialist correspondenceto docreferencenumber 85 correspondencefrom author leonard e read author3 author2 relateddocument2 documenthtml lawrence w reed this edition is a joint project of the mackinac center for public policy and the foundation for economic education great myths of the great depression