It's not so much that these stories are so originated out of Fear and Ignorance but rather the fact that all these stories are found in every corner of the world and are so eerily Similar. That's the Uncanny part.
Native Americans seem to have brought the story with them from Asia. It was only reinforced by the megafaunal species that I mentioned before. The land sloth, for example, stood 10 feet tall and was in N. America when humans were present.
Why is it that the Story of a Man-Ape Fascinates us so much that it becomes so engrained into the human subconscious that it can survive Thousands of years as Mankind spread out across the Earth. The only Stories that are even older are Dragons, Angels, and Demons but only Man-Apes are reasonably based on known historic Creatures.
We see a lot of ourselves in apes. I think this is why these stories are so fascinating. Carl Linnaeus said that he saw a kindred spirit in the eyes of chimps, so much so that he wanted to put chimps in the same genus as humans. It's not that much of a stretch to imagine that there exists an ape who is even more human like roaming around.
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