Great depresion
Great Myths of the Great Depression
by Lawrence W. Reed
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. Sadly, all too many of them decide to
abandon their search, finding it easier perhaps to circulate a host
of false and harmful …
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…W. Poulson, Economic History of the United States (New York:
Macmillan Publishing Co., Inc., 1981), p. 508.
6. Paul Johnson, A History of the American People (New York:
HarperCollins Publishers, 1997), p. 741.
7. Martin Morse Wooster, "Bring Back the WPA? It Also Had A Seamy
Side," Wall Street Journal, September 3, 1986, p. A26.
8. Sennholz, pp. 212-13.
9. Robert Higgs, "Regime Uncertainty: Why the Great Depression Lasted
So Long and Why Prosperity Resumed After the War," The Independent
Review, Spring 1997, p. 573.
10. Ibid., p. 564.
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