How was the south's economy affected by the war?
You are probably talking about the Civil War, between the Northern and Southern states in the United States of America? If so, the south was badly crippled because embargoes of shipping in and out of the harbours wrought economic hardship and financial ruin. It was one of the main reasons the South lost in that particular war. However, if you are talking about some other war, please define it.
How did World War 2 affect the US economy?
When we got into World war II we were still in the Great depression. It brought us out of it. After Pearl Harbor we started drafting men into the army in great numbers. Before this our army was smaller than Holland's. This helped to diminish unemployment. It put the country on a war footing. We began to increase our military capacity by building armaments esp. planes. Nothing can help an economy like war. Because so many men were drafted into the army, women were employed to do work that was previously only done by men, like welding and producing armaments. Our technology especially in weaponry was far behind that of our enemies at the beginning of the war. We didn't have planes as good as Japan or Germany at the beginning. Our Sherman tanks couldn't compare with the German tanks. We had to catch up. So since WWII and the beginning of the Cold War we feel that we cannot afford not to have the best weapons. Military spending has been an important part of our economy ever since. The military tactics were different in WWI and WWII. In WWI it was mostly trench warfare. The Second World War saw the use of "blitzkreig" warfare. I hope this has been a help to you. .
How has the IRAQ War affected Our ECONOMY?
Everything is related but it isn't just the war. When the terrorists started the war the economy went to the crapper, nothing we (US) could have done about the economy then. The US didn't raise taxes to fight the war, so in theory the American people had more money to spend. The real problem is staring in the mirror every morning, it is the American appetite for spending. 1) People bought houses they couldn't afford and started to default on the loans. The banks foreclose to recover the losses but couldn't resell the foreclosed houses because the market was overvalued. The government had to come bail them out. 2) Gas cost was astronomical but people kept spending. Gas was not so high because of the war, it had almost no effect. It is that the global economy had been so strong a million Chinese, Indians, and Russians learned to drive. OPEC didn't increase production to compensate for the increased demand (why would they, they were making off like bandits) so high demand with lower supply meant higher prices. Those higher prices trickled down to every item needing to be transported (food, cloths, anything in a store) which lead to inflation. 3) Unions have taken so much control in this country more and more operations are out sourcing. It is popular to blame the business owner, they are the guys making the most money. A business job is to produce profit for their shareholder that is what a CEO is paid to do. If it cost too much to operate in the US and he can make greater profit margins oversees, where is he going to go. Blame the CEO but he is doing his job. Do you really think the autoworkers in Detroit should be paid $74.00 per hour? The employees don't see most of that money, most goes to the union. That is over twice what Japanese workers make, no wonder the big three are hurting. Just a rant for what it is worth. The war is just a red herring.
How can war affect any economy?
Of course, they do. War has always been good business for employment, weapons purchases, and of course the central bankers who loan out the money for such excursions. However, there is a downside especially if you’re a soldier, sailor, or airman or air woman. You could get killed, wounded, deformed for life, and add such misery to the lives of your loved ones lasting a lifetime. However, wars such as WW2 had to be fought if humanity were to survive and prosper.Those in authority must and should find alternatives to war whether deal making,compromise, or economic assistance. If we didn’t spend so much on war and preparing for war, nations would be able to solve mental and physical problems that plague our populations rather than adding to the misery. But low these many years, no one has come up with a substitute.I am reminded of the eulogy for RFK, “He saw war and tried to stop it, He saw suffering and tried to ease it. He saw wrong and tried to right it.” Simple words but if those in authority practiced these simple words rather than looking for enemies in the world and launching a campaign on demonizing one culture or another-even inside our borders- and making themselves and corporations rich in the process, perhaps we would be better off.Hopefully, one day we will be able to upgrade our rail system like Europe, Russia, and China, give sight to the blind, cure those with disease, and ease the burdens of life for all people and keep all out of harm’s way, especially our children. Then and only then will the Creator or the alien worlds abounding in the universe finally take us serious and take total annihilation off the table as a future for the planet earth.But, maybe I and you ask too much from a limited intelligence here on earth.
How did the hundred years war affect the economy?
The War off and on (mostly on) between England and France for 100 years (1337-1450) at the height of the Middle Ages was all fought on French soil throughout various areas of France. The French economy therefore was ruined by the War but the English economy mostly prospered (weapons making, ship building, war supplies) and England at various times held large parts of much bigger France, giving England French ports, farms, agricultural output, French trade routes. A down side was when the War was going badly heavy taxes in England to pay for it hurt the English economy as did truces. In England the War allowed the commoner bow men, infantry, archers to fight with the nobles becoming their partners and raising their caste. Many merchants in England were propelled into a 'middle class' just below the nobles. In France the results were mostly opposite. The French nobles more often than not on the losing side declined greatly in prestige the commoners losing respect/ belief in them. Unlike the English where commoner and noble became War partners, in France they became War enemies the commoners and nobles each blaming the other for usually being on the losing side. Many French commoners fell to peasant hood, many French nobles were ruined in lands, wealth, respect. Both nobles and commoners were thus reduced and the French king and monarchy the winner.
How did WWI affect the US economy?
You need to remember that the USA has a war-economy. Economic growth and development in USA has always resulted from maintaining a war footing. This has been true since the invasion of Mexico in 1845, the Civil War, the Plains Indian Wars, the Spanish-American War and then the Great War of 1914-18 [which the USA joined towards the end; in April 1917.] After each of these wars, the US economy boomed and international policy grew to encompass areas of the world outside the original constitutional USA. The major economic effect of WW1, was a massive increase in US industrial production coupled with stable prices. During the 1920s the USA experienced a boom such as never before, but was marred by weak government and incoherent policies. So, as an example, prohibition was meant to improve the quality of life but resulted in the growth of organised crime, strengthening of Federal control over the population through the FBI and other agencies, and the militarisation of police forces. Only the stupidity of banks and lending agencies spoilt the boom by allowing the growth of toxic debt [as we now call it]; resulting in the Great Crash of 1929. But note that the US government did not make the same mistake after WW2. Full government control was maintained and extended, spending was increased in peacetime to wartime levels, employment was also maintained, and US imperialist policy was strengthened across the world via UN and other US-shadow organisations. And since then, USA has maintained wartime expenditure even in times of relative peace; a lesson learnt from the post-WW1 period. But, more important for the rest of the world, USA has been on a war footing constantly since December 1941. That has maintained government spending, industrial output, incomes, employment and strong imperialist policies; until this latest episode of toxic debt since 2008. OK?
How does the iraq war affect the economy?
Since we are paying for both sides of the war it disrupts our economy because of what it does to consumer confidence. We are paying to fight the war on terror and rebuild Iraq. And we are paying for oil from the people who are funding the terrorist whom we are fighting the war on terror against.
How did the War in Afghanistan affect America's economy?
Short and Simple: US occupaied AFG they brought billions of dollars under the AID title and spended in various aspects such as educational, military, infrastructure etc, but the condition of the aid was there must be corruption in the mentioned areas, so as a result of full corrution the aid didn't benefited the country neither brought any development but one or two individuals who did the corrution. At second stage America paved the way for the corrupted peoples to come along their money to US and spend the money having a beautiful life there.It benifited the economy of US very strongly they brought 1 billion to AFG and then the corrupted parties brought with them 10 billions to us as a matter of fact these corrupted parties had invested in UAE and othere asian countries so as they were earning more from asian countries they were spending more in the US
How does the war in Iraq affect our economy?
The war in Iraq does a lot of things to the economy, some of them that happen quickly and some that will take a while to be seen. The major thing that we know now are the huge expenditures that the war has caused us. This has a few effects, namely our huge budget deficit (made worse by the tax cuts), but also a boost to the economy as the government spends money (often through those lovely no-bid contracts). Now we can look at all this and say, if anything the war is actually good for our economy. After all, the government is spending money and boosting the economy, and what is wrong with running a little bit of a deficit? We have run deficits before and haven't had many problems. The problem is that who is supporting our debt and more importantly are deficits actually fine to run? On the first point, most of our debt is being supported by foreign banks through purchase of U.S. treasury notes (bonds). People seem to think this is just fine, since we are the U.S. after all, and we would never default on our debt (we actually never could, since we just print more money, but doing that means the dollar becomes worthless). After a while though, no matter how confident someone is that the person they invest in will pay them back, if that person just keeps looking worse and worse they are going to stop lending more and more money. As our deficit gets bigger and bigger, these banks are going to keep charging us more and more to borrow money (higher interest rate), until they just say stop. That stopping point may be far off, but it may not be, no one really knows, and that is the danger.
In what ways does war affect an economy
In simple and layman language , a war makes the economy weak , it's a waste of resources , the cost which can be spent on some other important aspects , it is spent on war armours and related stuff .A study which I would like to shareIt has also been shown that through excessive spending on the military for things such as weapons and military pursuits, other areas that could use investments are ignored when it comes to spending such as education, infrastructure and high-tech industries. The problem is that the effects of military spending (such as money spent on surplus machinery) are not productive when compared to the economic needs of these other areas.Many people have argued that government spending during war brings about positive economic benefits that cannot be ignored in a discussion about the negative economic problems of war. However, these positive economic benefits are short-lived and can only be seen in the short-term. There will be economic growth that happens when conflict spending increases, but this ends quickly leading to the residual negative effects that hurt the economy in the long term. The United States has thus far paid for all of its wars through debt, inflation or taxation.