 https://www.google.com/search?client=ms-android-verizon&ei=BifgWp6oOpPcjwOXh42ADg&q=federal+reserve+caused+great+depression+&oq=federal+reserve+caused+great+depression+&gs_l=mobile-gws-serp.12..0i22i30j33i22i29i30l4.52384.71845..72636...0....307.6337.0j36j4j1..........1..mobile-gws-wiz-serp.....0..0j41j0i131j0i67j0i131i67j33i160.Rg7sxg%2F8GNA%3DÂ â¦The Federal Reserve'sÂ Tight Monetary PolicyÂ Caused the Great Depression.Â Federal ReserveÂ Chairman Ben Bernanke andÂ theÂ late Nobel Prize-winning economist Milton Friedman blameÂ the Federal ReserveÂ forthe Great Depression. But they do so forÂ theÂ wrong