What was the impact of the Great Depression on the early life of John Kenneth Galbraith? 🔊
The Great Depression had a significant impact on John Kenneth Galbraith's early life. Growing up in Ontario, during the economic turmoil, he witnessed profound poverty and the stark realities of economic failure. This environment shaped his understanding of economics and society, fostering a critical perspective on capitalism. Galbraith's upbringing influenced his later works, steering him towards a belief in government intervention as essential for economic stability and social welfare. His experiences during this period informed his advocacy for social justice and a balanced economic approach, which became central themes throughout his career.
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