How Did The Vietnam War Affect The Economy

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The Vietnam War lasted from 1955 to 1975 and continues to linger within the US’ national memory. The US government intervened in the war to prevent the spread of communist influence yet failed to meet this aim as they pulled out of Vietnam. In this essay, I will discuss the factors that contributed to the weakening of the US economy post-Vietnam. Many domestic and external factors during the Vietnam War led them into a stagflation crisis in 1973 and continue to affect their economy today.

The military operations in Vietnam War provoked a time for an economic recession due to its insanely high costs. The nation spent a total of $115.686 billion on military operations in South Vietnam between 1954 and 1975. The 58,220 casualties that …show more content…

In 2017, the proposed budget has skyrocketed to an all-time high of $582.7 billion. Such has led many to believe that America will become a permanent war economy which states that it will continue to rely on war efforts to increase its manufacturing/business activity, military, and political power. Many critics see such form of an economy as negative because although it strengthens the military, organized labor, and war-related private industry, it diverts productive resources that could benefit the standard of living. President Eisenhower also critiqued such form of an economy because he believed that the unwarranted influence of the military-industrial complex has potential to threaten people’s economic prosperity due to its ability to restrict …show more content…

His doctrine was that America’s conventional methods could suppress any invasion or guerilla conflict by the Viet Cong due to its history of success in previous wars. However, their emphasis on a slow escalation throughout the war allowed a time and force advantage for the Viet Kong. Operation Mekong Delta demonstrated that this tactic is inefficient. The operation cost taxpayers 16 million dollars, but due to America’s weak ground strategy, only 21 Viet Kong were killed. This meant that each enemy’s life was no less than $800,000, which demonstrates that the taxpayer’s money going into the Vietnam War was useless and instead could have been put elsewhere to help strengthen America’s

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