The Lord of the Rings has been regarded as one of the greatest stories of modern times. It is a story filled with original ideas and creates an entire world unto itself with a history of it's own along with it's many races. This creation of a new world and the storytelling involved in it holds many parallels and similarities to ancient and classical myths that people have been telling for thousands of years. The Lord of the Rings has been classified as a modern extension of the family of myths by many critics and has a following to support this claim.
The classification of The Lord of the Rings as a modern myth can be seen in several different ways. There are many characters in The Lord of the Rings, which have parallels with characters in classical mythology such as Tom Bombadil, Gandalf, Gollum and Frodo. Other examples of mythological concepts held in the novel are seen simply in the storyline, the quest in particular and the battle between good and evil. .
The status of myth for The Lord of the Rings can also be seen in the deep history that Tolkien gave to Middle Earth and it's people. There are extensive histories given through thousands of years of Middle Earth and is thoroughly recorded in Tolkien's works such as The Silmarillion, The Hobbit, The History of Middle Earth and The Book of Lost Tales. This element of storytelling is seen throughout almost all stories regarded as mythology, the story is given a deep background involving deities and the beginning of the Earth into the creation of man and in some of them has a deity interacting with the characters in the myth. This is true in Tolkien's later work in The Silmarillion which is mostly a story somewhat similar to The Lord of the Rings except that The Silmarillion takes place much earlier in Middle Earth's history and several allusions to it are made in The Lord of the Rings that could not be understood without doing proper historical research into Tolkien's world which is vast to say the least.