According to John Kenneth Galbraith's book The Great Crash 1929, what did President Herbert Hoover do to create the impression that he was taking action to counter the developing depression?
a. Refused to accept a salary for the remainder of his time in office.
b. Provided low-interest loans to Ford Motor Company so it could continue manufacturing Model Ts.
c. Convened meetings at the White House during which nothing of substance happened.
More trivia...
a. Refused to accept a salary for the remainder of his time in office.
b. Provided low-interest loans to Ford Motor Company so it could continue manufacturing Model Ts.
c. Convened meetings at the White House during which nothing of substance happened.
More trivia...
John Kenneth Galbraith
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John Kenneth Galbraith, OC (October 15, 1908–April 29, 2006) was a Canadian-American economist. He was a Keynesian and an institutionalist, a leading proponent of 20th-century American liberalism and progressivism. His books on economic topics were bestsellers in the 1950s and the 1960s.
Galbraith was a prolific author who produced four dozen books and over a thousand articles on various subjects. Among his most famous works was a popular trilogy on economics, American Capitalism (1952), The Affluent Society (1958), and The New Industrial State (1967). He taught at Harvard University for many years. Galbraith was active in politics, serving in the administrations of Franklin D. Roosevelt, Harry S. Truman, John F. Kennedy and Ly...more
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The Great Crash 1929 by John Kenneth Galbraith avg rating 3.86 — 207 ratings — published 1954 24 editions |
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The Affluent Society by John Kenneth Galbraith avg rating 3.91 — 150 ratings — published 1958 23 editions |
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The New Industrial State by John Kenneth Galbraith avg rating 3.64 — 45 ratings — published 1967 19 editions |
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A Short History of Financial Euphoria by John Kenneth Galbraith avg rating 3.82 — 39 ratings — published 1992 5 editions |
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The Good Society: The Humane Agenda by John Kenneth Galbraith avg rating 4.00 — 30 ratings — published 1996 3 editions |
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The Economics of Innocent Fraud: Truth For Our Time by John Kenneth Galbraith avg rating 3.56 — 25 ratings — published 2004 10 editions |
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Money: Whence It Came, Where It Went by John Kenneth Galbraith avg rating 3.57 — 23 ratings — published 1975 11 editions |
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A Tenured Professor by John Kenneth Galbraith avg rating 3.16 — 25 ratings — published 1990 7 editions |
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A Journey Through Economic Time by John Kenneth Galbraith avg rating 3.80 — 15 ratings — published 1994 3 editions |
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The Essential Galbraith by John Kenneth Galbraith avg rating 3.75 — 12 ratings — published 2001 2 editions |
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"The conventional view serves to protect us from the painful job of thinking."
— John Kenneth Galbraith
— John Kenneth Galbraith
"The only function of economic forecasting is to make astrology look respectable."
— John Kenneth Galbraith
— John Kenneth Galbraith
"The modern conservative is engaged in one of man's oldest exercises in moral philosophy; that is, the search for a superior moral justification for selfishness."
— John Kenneth Galbraith
— John Kenneth Galbraith
