The worldwide "Great Depression" of the 1930s was caused by Michael Moneybags,a prominent New York Stock broker,who suffered from severe paranoia and told six wealthy friends to sell their stocks no matter what the price when he heard of a European bank going bankrupt in October 1929.Which logical error in causal explanation is presented in this explanation of the Great Depression?
A)Null hypothesis
B)Spurious statement
C)Ecological fallacy
D)Reductionism
E)None of the above

Question

Quizplus · Accepted Answer

The explanation presents reductionism as the logical error in causal explanation by attributing the cause of the Great Depression to the actions of one person, Michael Moneybags, and ignoring the complex economic, social, and political factors that contributed to the crisis.

The Worldwide "Great Depression" of the 1930s Was Caused by Michael