Economics of the War in Iraq The Iraqi and US war was started in March 20, 2003 and lasted 8 years. We fought with the United Kingdom to declare war on Iraq. Saddam Hussein was the dictator of Iraq and he either had or was in the process of creating weapons of mass destruction. US troops were able to end Hussein’s rule and capture the important cities in Iraq in three weeks. Though the many cities that were captured there were still more fighting. It took a lot of effort to find Saddam Hussein, but US troops went searching and found him hiding in a six by eight foot hole about nine miles outside of Tikrit his hometown. When he was found he did not try to avoid being arrested. Saddam was put on trial for his many crimes such as mass murder …show more content…
Eventually there was an additional $490 billion added to the total cost of the war. The Iraqi war was originally supposed to cost the US $3.7billion, but the estimation of the war began to climb to $4 trillion. It could cost the US over $6 trillion in the next four decades. The only Economic Principles that really stand out are Cost vs. Benefit and Future Consequences. Cost vs. Benefits is applied because the cost was much greater than the benefit seemed to be. The Iraqi war was a very big expense costing the US over $1.7 trillion dollars, but the war was not beneficial because we still have troops over there since there is still a threat and because it also cost us so much to pay for the war and we are still paying for the war today. Yes, the war was beneficial in stopping the threat of Saddam Hussein's rule, but it still put the US into a deeper debt. Future Consequences is applied to the war because even though the war was officially declared over we still have troops over in Iraq. Since we still have troops in Iraq it costs the US money still to have them be over in Iraq and we are also in debt because of the cost of the war effects are Economy and also adds to our building debt. These two Economic Principles are the main ones shown in wars because when nations think about going war they have to use these two principles to see how they will benefit them in the future.("Iraq War Costs U.S. More than $2 Trillion:
The war in Iraq was declared in March 2003 for many reasons. Some of the reasons are to free Iraq, the oil, and because Saddam Hussein did not allow weapons inspectors search for nuclear weapons. The US wanted to take over Iraq and free its people from the torture they had been enduring for so long. Saddam Hussein had developed weapons of mass destruction that posed a long-term threat to America. He denied weapons inspectors access to search for nuclear war weapons and this served as a threat to other countries. The aim had been the destruction of the Iraqi society enabling the US and Britain to gain control of Iraq's huge oil reserves.
According to the USA News, the war in Iraq was totally worth it. Despite the loss of almost 4,488 American and more than 32,000 Americans wounded, America have to remember that Iraq was out for the USA and had we not freed Iraq from Saddam dictatorship then we would still be today fighting. The facts and the truth may never be truly reveled, but the fact stands that this war had to happen and Iraq needed America to aid them to their freedom and democracy (USA News).
...conflict. The war had a profound effect on the United States domestic life. The government had massive spending. The more than $150 billion spent throughout this war led to a severe economic crisis (Lawrence, 171.) The war also caused Americans to not trust their governmental leaders for the first time in history. This was due to the Watergate scandal along with the war efforts (Lawrence, 172.) Due to the profound effects economically and socially the war had on Americans, the U.S. should have not proceeded to entering into a battle that was not their own.
...cleanly ending the war was the wrong way to approach the end of war because there were so many open ends with the Iraqis that could possibly lead to conflict in the future; however since the war was expensive, costing 620 billion dollars, and because three hundred ninety American soldiers had already died. After tying up loose ends with handling the Iraqi army and their leader Hussein, General Schwarzkopf, who played a major role and served as a key leader to the American army during Operation Desert Shield and Storm, made his way to where Saddam Hussein was so he could witness his surrender, however Hussein’s actions to follow this event required President Bush to put in place “no-fly zones” to protect the Kurds in Northern Iraq and the Shiites in the South. Eventually Operation Desert Storm, the biggest military operation since Vietnam, came to a successful end.
In September 1980, a very destructive war with Iran was started by Saddam Hussein. This was a result of an invasion in Iran. This invasion spurred an eight year war. Saddam used c...
Secretary of State Colin Powell (directed by the U.S. government) reported in a speech given on Feb. 5, 2003 that Saddam had both the materials and the means to create weapons of mass destruction and also had links to the terrorists in al-Qaeda ("The Path to War"). This declaration led the United States declaring on March 17, 2003 that Hussein and his sons had 48 hours to leave the country or else the United States would take military action ("Iraq Timeline"). Hussein and his family did not comply, and on March 20, 2003, George W. Bush started bombing Iraq, particularly where Saddam and his officials were thought to be hiding. On May 1, 2003 President Bush declared the conflict over, a mere 42 days after the fighting officially started.
In this paper, I intend to analyze Iraq war of 2003 from Realist and Marxist/ Critical perspectives. I intend to draw a conclusion as to which theoretical framework, in my opinion, is more suitable and provides for a rational understanding of the Iraq War. While drawing comparative analysis of two competing approaches, I do not intend to dismiss one theory in entirety in favour of another. However, I do intend to weigh on a golden balance, lacunas of both theories in order to conclude as to which theory in the end provides or intends to provide a watertight analysis of the Iraq war.
The impact this had on the American economy was the first step towards the Great Depression. The involvement of the U.S. in the war was something that was certain to happen. The war was affecting our economy even before the U.S. was involved and, the American soldiers had to help to end the war before the damage became
The Iraq war, also known as the second Gulf War, is a five-year, ongoing military campaign which started on March 20, 2003 with the invasion of Iraq by U.S. troops. One of the most controversial events in the history of the western world, the war has caused an unimaginable number of deaths, and spending of ridiculous amounts of money. The reason for invasion war Iraq’s alleged possession of weapons of mass destruction, which eventually was disproved by weapons inspectors. Many people question George W. Bush’s decision to engage a war in Iraq, but there might be greater reason why the decision was made. The ideas of George W. Bush might have been sculpted by one of the greatest works of all time, "The Prince."
Even though , many people have been effected by the Iraq and Afghanistan war because the number of displaced Iraqis internally and externally are estimated to be between 3.5 million and 5 million people (Iraq: The Human Cost , 2014). According to the Iraq Body Count website, there have been 186 thousand deaths due to violence in the war.
Economic historians think the war costed the United States 6.6 billion dollars in 1860, without inflation (Ross, Michael). The large loss after the Civil War was from all of the damages, since the war was fought on United States Soil. As well as the cost of the war, the South’s economy was in ruins because of devastating military damages, and the economy previously relied on slavery for free labor, thus the economy plummeted after the war ended leading to poverty in the upcountry (Fonner, 17). By reason of Lincoln freeing slaves in the South, and the South now being under Lincoln’s control, African American women and children were not required to work (American's Reconstruction). This eventually lead to less labor, meaning less profit in the southern economy, harming the economy even more making the South
The war in Iraq is over now. Looking back on a huge controversy makes one side seem clearly more “correct” than the other. Yet in the beginning there were two sides to the controversy about the war in Iraq. There was the terror brought upon by the 9/11 attacks, people that the government wished to punish or kill like Saddam Hussain and Osama Bin Laden, and a country which was in “need” of US help both politically and financially. At the time of the Terrorist attacks, people were afraid of what else the terrorists were planning or could do and so George Bush sent troops in to look for Weapons of Mass Destruction (WMD). In hindsight the war on Iraq was a bad idea. The situation was handled poorly, far too much money was spent, and there were far too many casualties to say that the war was a good idea to enter into. To continue war efforts and gain support, lies were spread about finding actual weapons. Later in the war it was revealed that there were never any WMDs. So beyond the decision that was seemingly wrong after a decade of fighting to enter a way with Iraq, the US government lied to prolong the war and continue to waste resources.
What does the United States have to gain from a war with Iraq? Supporters of a war with Iraq say it will help prevent the risk of an attack by a weapons of mass destruction developed by Iraq. Critics of a military action that say nothing will be gained, and the U.S. just wants to obtain the oil that Iraq controls. They claim that casualties will be too costly for America to afford. Nonetheless, America should act while others will not for fear of disturbing global peace. Iraq poses a “clear and present danger” to the security of the United States and the security of countries around the world.
Pre-invasion Iraq reflected the views and policies of its leader, Saddam Hussein, who made his first political appearance as a supporter of the Ba’ath Party. He was jailed in 1967 for this, and after his escape quickly rose to power within the faction. (Saddam Hussein Biography, 2008) Saddam became known for his political talent and progressiveness, and soon became a popular politician. After working on extensive unification and expansion efforts for the Ba’athists, the man rose to vice chairman of the Revolutionary Command Council. Faced with a tremendous amount of religious, racial, social and economic divisions, Saddam launched a campaign of total control to bring about stability.
Although, nothing can be further from the truth. Wars are expensive. The cost of the Second World War is estimated at about 1.944 trillion US dollars worldwide. Large wars create a shock to the economy of the participating countries. Even though there can some short term positive effects, in the long run, war generally cuts off economic development and undermines prosperity.