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Social and economic impacts of Vietnam
Vietnam war effect on united states
Effects of Vietnam War on US
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Vietnam War During the Vietnam War in 1965 the US began sending troops and platoons to fight the war. However, since war expenses overly affected the economy in the US the businesses began to become affected. American businesses were concerned about the cost of the war in Vietnam since they perceived the conflict to be of high costs. They were worried that this would eventually hurt the domestic economy and cause inflation among the country. Businesses had to adjust to the increased inflation and therefore they had to offer higher wages to their employees and increased prices of their products. The amount the US government was spending on war and tax increases hurt American businesses. At the end of the war the US suffered from economic
As a result of the cost of the war “America in 1991 had huge debts from immense deficit spending.” (Chapter 2, page 36) The debt America was a result of America spending money that they did not have at the time. On top of that spending they had a lend lease going during the war with Brittan. The lend lease basically meant they were shipping and aiding Brittan during the war time knowing that Brittan would not be able to repay the debts. This all happened when America was still practicing isolationism. Once America officially began to join the war the spending went through the roofs. Also small businesses suffered from the small war. In chapter one Adams states” Small farmers and store owners went under.” (Chapter 1, page
Third, during the war the US economy plummeted as we were still recovering from the great depression. We didn’t have much time since the great depression to the war. The unemployment rate since the great depression was low, but the war started to change that. “The United States was still recovering from the impact of the Great Depression and the unemployment rate was hovering around 25%”(Impact...KLRU). A lot of men were sent off to war so there jobs were not getting done and someone had to get them
Increased inexpensive imports led to business failures, bank closures, and unemployment in cities. Britain ended The War of 1812 with America and trade increases. Britain’s industrial capacity exceeded Americas’.5 Britain then exported its surplus of manufactured goods to America. U.S. factories could not compete with Europe’s low labor costs and low price of goods. American imports rose from $12.9 million in 1814 to $151 million in 1816. Businesses were forced to close.
As was usual during wartime, the country was economically prosperous. However, the war had caused President Truman to abandon his former restraints on government spending. The amount of money being spent on defense has skyrocketed to supply the troops in Korea with the supplies they needed. This caused the federal deficit to increase dramatically (Pach and Richardson, 53). Another legacy leftover from the Truman days was that of the Fair Deal domestic program.
It was a very bloody war, with more than 58,000 American soldiers having perished in combat. Also, during the decade of direct U.S Military participation in Vietnam, during early times of the year, 1964 the U.S treasury spent over 140 billion dollars on this war. “This was enough money to fund urban projects in every major American city” (history.com). As this war affected the American’s, it affected the Vietnamese people too. This war affected both the American’s and the Vietnamese, because in the year 1973 the United States began withdrawing troops.
As the American economy was gradually recovering thanks to the New Deal, Roosevelt decided to increase interaction with neighboring countries. When the Second World War began, Roosevelt saw it as an opportunity to increase production and boost America’s economy. During the 1930 to 1940s, the production of munitions greatly increased. The Second World War significantly increased American economic interaction with South America, Great Britain, and Canada. This lead to greater relations between Latin America and a faster victory as U.S. citizens began to see a shift in economic, political, and social ideals.
Although wages rose during the war, prices also rose by sixty percent. Because European farm production was disrupted, the United States' agricultural prices rose more than fifty percent between 1913 and 1918, and farmers' income increased significantly. Many farmers saw this as a great opportunity to bring in wealth and borrow money to expand production, but when the high prices of agricultural merchandise decreased, planters faced a credit squeeze. While most men were off at war, many women and blacks took over their jobs, contributing intensely to the Great War, also known as World War I.
After the American Revolution, there are many economic problems. To begin with, there are the war debts. The Congress owns France money. Simultaneously, the states own Congress. Congress needs the money from states to pay France back. However, the states don’t have enough money to pay Congress. Since everyone in the United States spends all their time fighting in the war, nobody farms or trades. Thus, there is a two year depression in the United States after the war. To solve this problem, Congress prints more paper money causing inflation. Inflation is when everyone has so much money that the money becomes worthless, and then price rises. This war creates many economic problems in the United States.
In May 1961, John F. Kennedy sent investigators to Vietnam, thus turning the tide in favor of the United States and South Vietnam. Unfortunately, with the flow of infiltrators and weapons from North Vietnam, the United States and South Vietnam lost their upper hand (Tucker). Conclusively, 2.5 million Americans served and about 58,000 lost their lives in Vietnam (Vietnam Veterans Memorial). On April 30, 1975 Vietnam was finally reunited under a communist government. Once the war ended, Vietnam was devastated. Both the South and North Vietnamese economies were in shambles and they suffered from the chemical pesticides. The Vietnamese also lost about 3 million soldiers and civilians during the war. The United States also suffered due to the fact that the military was completely shattered and had to be rebuilt. The inflation was at an ultimate high from the failure to fact the actual costs of war. These situations forced Washington D.C. to reevaluate the power of the United States
in the post war period. It laid out the groundwork for economic expansion in three ways: First agricultural boost after the war increased the demand for cotton and Tabaco. Second, improvements of transportation increased the demand for better roads and canals to expedite goods smoothly across the nation. Lastly was the factory system growth which was caused by the Embargo Acts and the War of 1812. The war was a benefit to the domestic factor, providing a plentiful labor support.
...epression. Obviously the high need for workers during World War II made people earn money. Many of them saved a lot of their money because they knew that they would probably lose their job after the war. Then, when Congress decided to cut tax rates in 1945, Americans had much more money to spend and they felt confident in starting new businesses, which led to a very low unemployment rate after the war and the end of the Great Depression.
During the 70?s the world entered a recession because ?the cost of economic growth of other industrialized nations began to rise rapidly?, the United States felt the effect. (AMSA, 2004, ¶ 14). With the development of other nations, came lose of industrial production for the United States of America. American Medical Student Association (2004) stated ?In 1950 we had 60% and by 1980 we only claimed 30% of the world production?, this brought higher prices as well as loses of jobs.
“The Vietnam War remains today to be one of the most memorable and long-standing conflicts in recent history in which the Australia’s involvement has played a huge role. This essay shall discuss and highlight certain points in the course of the development of the Vietnam War, from its impacts of the war on the Australian community and country, the participation Australia had and lastly, what roles did the church play during the war. The controversial Vietnam War had a huge impact on Australian society in the 1960’s/1970’s. It affected all aspects of society, such as the social, economic and political issues. Vietnam was known as a ‘TV War’. A lot of violent and gruesome footage of the war was broadcasted right into people’s homes. People
Aside from national security interests domestic thirst for oil boomed. The war brought us out of the Great Depression. During the Depression a traditionally capitalist American society embraced a kind of socialism with the New Deal. WWII transformed the bear turned in a raging bull. Capitalism was back with a vengeance, charging forward stronger than it had ever been before. The heavy industry built up to sustain the war effort was retooled to meet the demands of the emerging consumerist culture of the 1950s. The new explosion of industrial output became so pervasive that the decade ended with President Eisenhower warning of the dangers of the growing “Military-Industrial Complex.”
During the war in Vietnam, Americans growing opposition towards the war increased especially in 1967. By 1967 close to nineteen thousand soldiers had died so far and each month, another thirty thousand were drafted into the military. Also, Americans were once again agitated when, in order to meet the costly war expenses, President Johnson requested the creation of new taxes (Keene 792). The Americans who opposed the war included working- and middle-class people, college students, working-class women, and African Americans and they were all apart of the antiwar movement. These college students, African Americans, and middle class members recognized the problems with the war, were affected socially and culturally by the war, and helped shape the general response to the war by the American public.