United States War Analysis 1877-To Date
Many wars have been fought in the world since 1877 to date and the U.S. has not been spared from these wars. The main wars have been the World War One and World War Two. However, America has also been involved in the Cold War, the War in Vietnam and the Korean War. These wars have had a major impact on the economies of many nations. Whether the impact has been good or bad has remained a question yet to be answered. Ashby and Babson (2011) state that a large number of people in the United States believed that the economy improved during times of war when there was heightened military spending.
This paper will thus aim to highlight the effects of war on the economy, the social environment, the political environment and the intellectual environment, as these are inevitably always affected by war (Browne and Kreiser, 2010). It will assess each war and what it resulted in, in the American society by assessing the macroeconomic impacts thereof (Davidson, 2010).
American Wars from 1877 to date
The War in Vietnam had far reaching political consequences. Some of these were the reduction of the minimum wage for voters to be 18. Another...
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