Which phrase was used by economist john kenneth galbraith to describe the prosperity of the 1950s? “baby boom generation” “postwar years” “expanding middle class” “affluent society”?
Question: Which phrase was used by economist john kenneth galbraith to describe the prosperity of the 1950s? “baby boom generation” “postwar years” “expanding middle class” “affluent society”?
The phrase that was used by economist John Kenneth Galbraith to describe the prosperity of the 1950s was "affluent society". He coined this term in his book The Affluent Society, in which he argued that the United States had become wealthy in the private sector but poor in the public sector, and that the government needed to invest more in social infrastructure . The 1950s were a time of economic growth, consumerism, suburbanization and mass media, but also of social problems, racial tensions and Cold War fears.
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