The Effect Of War On Economy - 1547 Words

Historians can’t agree upon when the first war was fought. However, there are evidence of civilization as old as 3000 B.C in conflict with each other. War has been an important factor in creating states and empires throughout history and, equally so, in destroying them. While one may argue the positive effects of war on economy, the miseries it brings to human life can’t be denied. Wars are carried out on the battlefield by armies comprised of soldiers of the contending nations. Irrespective of which side they are on, soldiers bear the most punitive impact of war. Soldiers stay under constant threat to their lives in war zone. They don’t not know if the next bullet has their name of it. This constant danger puts them under severe stress at all time. The knowledge and guilt of killing someone is not the same as watching a war movie with gory details on TV. It takes a lot of mental strength to fire bullets and throw bombs at living people. Seeing dead and dismember ed bodies everyday can play havoc on one’s mental health. The harsh conditions of war also adds to soldiers’ miseries. They stay alone for months away from family in unknown places. The loneliness and isolation nibbles away their peace. The expectations of the nation and family add to their stress. In the book, The Things They Carried, Tim O’Brien explains how members of the Alpha Company used different way of coping with the war and continuing to hump on and on. Multiple accounts of the various coping mechanismsShow MoreRelatedThe Effects Of War On The Economy1134 Words   |  5 PagesAnswer 1 - From the text and research I have learned that war will stimulate the economy in the short term but will hurt in the long term since something will have to fund the war efforts and expenditures. War can be funded by increasing taxes, decreasing spending in other programs and Increasing the national debt. In recent times the war spending comes from increasing the natio nal debt. This increased debt results in a higher debt-to-GDP ratio and higher interest rates. Government when it is tooRead MoreThe Effects Of War On The Economy1957 Words   |  8 PagesThe impact on the economy is strongly overlooked when people mention the consequences of war. Most people believe the consequences of war are simply just a destruction of land and a large number of casualties. However, going to war has a devastating economic impact in any country for a countless number of reasons. No matter how wealthy a country may be, going to war can still strongly affect the economy without a doubt. Many of the reasons on why this is true is mainly because of the macroeconomicRead MoreWar: Effect on the Economy Essay1430 Words   |  6 Pages2012 War: Effect on Economy War has influenced economic history profoundly across time and space. Winners of wars have shaped economic institutions and trade patterns. Wars have influenced technological developments. Above all, recurring war has drained wealth, disrupted markets, and depressed economical growth. Wars are expensive (in money and other resources), destructive (of capital and human capital), and disruptive (of trade, resource availability, labor management). Large wars make upRead MoreThe Effects of War on the U.S. Economy3070 Words   |  13 PagesThe Effect of War on the U.S. Economy Over the past two centuries, America has seen her share of wars. Wars that have affected every aspect of her citizens’ lives, perhaps most profoundly of all have been the effects that our economy encounters in times of turmoil. From employment to credit and financial markets to the price of much needed commodities, no aspect of our economy can be said to remain unchanged during any given conflict. With the war in the Middle East entering its seventh year andRead MoreThe Effects of the Cold War on the Russian Economy1340 Words   |  6 PagesThe Effects of the Cold War on the Russian Economy As we know now the cold war and the race of super- powers certainly had an influence on the Russian economy. Different historians argue a different time period for the cold war. Some of them say that the cold war has its roots in the causes of the first world war. Nevertheless for this essay it will be assumed the most common dates, with the start of the cold war in 1945. There were several reason and parties thatRead MoreEffects Of War Has On Our Economy1981 Words   |  8 PagesFor as long back as we all have known, Wars have been inevitable. In the mist of destruction, most aren’t thinking about the long term and short term effects that will reflect upon us for years to come, both negatively and positively. War has a profound influence on our countries economic history. Unfortunately, there must always be a winner and a loser. The victors have shifted economic and trade patterns forever. All while the losers leave with disgruntled markets, unstable economic growth, andRead MoreThe Effects Of World War II On The United States Economy1534 Words   |  7 PagesWorld War affected the United States economy in several ways. When World War II began, the United States was in the Great Depression- a time of intense economic suppression and widespread dejection across the nation lasting from 1929 until 1939. The effects of World War II are still represented today. For example, the price of one gallon of gas in 1940 was only eleven cents (Myers). Today, the cost of a gallon of gas has been increased by eighteen times the amount it was before the war. This starkRead MoreU.s. Gross Domestic Product1312 Words   |  6 Pagesthe World War and the following several years, its economy showed a major decline. While the country fought one of the biggest wars of all time, defense spending rose to levels as high as 37.8 percent of U.S. gross domestic product (Teslik). World War II was financed through debts and an increase in taxes, and this negatively effected both consumption and investment. Some believed that the war would improve the economy due to the increase in GDP during those years, but at the end of the war, the economicRead MoreEssay on Impact of the Cold War on the World Economies1727 Words   |  7 PagesAbstract from Paper World War II created many issues on a world wide scale, two different forms a government were fighting for influence. This created a divide between communist countries and democratic counties which set up the Cold War. This divided world created a globalized economy unlike ever before, one with communist countries and one with democratic. All the countries of the world, of each government type, were interconnected and dependent on each other. The countries of the opposite groupRead MoreUsing the four passages and your own knowledge, assess the view that the impact of the First World War was the main reason for the booming economy in the USA in the 1920’s1661 Words   |  7 Pagesown knowledge, assess the view that the impact of the First World War was the main reason for the booming economy in the USA in the 1920’s (40 Marks) I believe that the First World War did not have as much of a significant impact on the American economy as mass production, infact i however see that instead of benefiting the economy the War in fact had the reverse effect to that of which interpretation A and C suggest that the war was the most important factor of the 1920’s American economic boom