3. Why did economist John Kenneth Galbraith believe that America's postwar economy was a new phenomenon?

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16-02-2017
Social Studies

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3. Why did economist John Kenneth Galbraith believe that America's postwar economy was a new phenomenon?

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Greenleafable Greenleafable · Answer 1 · 2017-02-23T23:17:52+01:00

Greenleafable Greenleafable

23-02-2017

He claimed that it was a new phenomenon because while all countries experienced an economy of scarcity due to the war, the US had an economy of abundance because it's GDP and production were surreal.

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