![]() As an economist, Galbraith was a professor of economics at Harvard University. Ironically, on the morning of the testimony, the stock market collapsed, and a good number of players in the market blamed Galbraith for the downfall.ĭuring his time, Galbraith held a number of important political positions in the American government, such as American Farm Bureau Federation’s chief economist, ambassador to India, and chairman of a movement for Democrats (Brue & Grant 407). ![]() Galbraith became such an important figure that in 1955, there was a small boom in the stock market and Galbraith was called to testify at a senate hearing to share lessons from the 1929 experience (Galbraith xi). ![]() Galbraith was a witty author with a number of bestselling books including “The Affluent Society”, “The New Industrial State”, and the recent work on, “The Great Crash, 1929” (Galbraith xi). John Kenneth Galbraith (now deceased) was one of the most famous economists in American history. ![]()
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