Was the odyssey an important event in ancient greek history ?

The odyssey is actually a collection of oral traditions and stories. It is mythology that may be based on true fact, but it hasn’t been entirely proven as a historical account. Therefore, this is a false statement. The odyssey represents stories that explained natural phenomenon and the character traits of the Greek people. Many daily habits of ancient Greeks and social expectations are pictured in the odyssey.

I hope this helps! :)