Economic Effects of the Vietnam War
A common modern belief is that war leads to a positive outcome within the United States economy. Despite this, the Vietnam War had a negative impact on the United States economy. The United States experienced an increase in the national debt as a result of the Vietnam War. This led to significant inflation in the United States. Inflation in the US caused by the Vietnam War then led to an increase in federal taxes in the United States. Therefore, the Vietnam War had many negative economic consequences for the United States including an increase in national debt, inflation, and federal taxes.
The United States experienced an increase in the national debt as a result of the Vietnam War. According to TreasuryDirect, when the Vietnam War officially started in 1955, the national debt of the United States was $274 billion. When the Vietnam War officially ended in 1975, the national debt of the United States was $533 billion. So, the national debt of the United States was $15 billion shy of doubling over the Vietnam War’s course of 20 years. Specialist in Defense Policy and Budgets Stephen Daggett, says that the United States spent about $168 billion just in military aid on the war. Charles Hirschman, Samuel Preston, and Vu Manh Loi, authors of Vietnamese Casualties during the American War: A New Estimate, claims that 1.1 million Vietnamese and Vietcong fighters had been killed during the Vietnam War. So, the United States spent approximately
The Vietnam War was costly not only to our armed forces but to our American economy and American morale. We entered the war in an attempt to end the communist regime of North Vietnam and their southern allies, the Vietcong, from taking over South Vietnam. South Vietnam was an ally of the United States and due to this political relationship; the United States was entitled to help defend their ally. More than 58,000 Americans were killed in the Vietnam War. By 1969 it was the peak of American involvement in the war and more than 500,000 U.S. military personnel were involved in the Vietnam conflict. Throughout the war growing opposition towards participation of military forces threatened the support of the war. American citizens began to
The five events I have chosen are the Great Depression, the Vietnam War, the assassination of John F. Kennedy, the Moral Majority, and the Kenneth Starr investigation of President Bill Clinton.
'' The Vietnam War was costing the United States approximately $25 billion per year, and disillusionment was beginning to spread beyond college campuses to greater sections of the taxpaying public. Each month, as many as 40,000 young men were drafted into service'' (A&E Television Networks). As you can see a great amount of money was spent each year when the men were drafted into the military
The Vietnam War had a tremendous effect on the world, especially the United States. Not only did the war affect people in battle, but also left permanent effects on people all over the world. Over 57,000 U.S. citizens died and over 140,000 injured in battle. Multiple Americans were impacted by the war, vast amount of people died but more were injured. North Vietnam won the battle against South Vietnam and their allies. The Fall of Saigon in 1975 was the end of a gruesome war. The war had multiple long-term effects on the soldiers who fought for America.
The military was getting stronger and the people of Vietnam were affected by the casualties. Between both North and South Vietnam 2 million civilians were dead. There was another 1.1 million North Vietnam and Viet Cong people dead (Spector) A way to honor those that have passed was to create a memorial. The people were dying fast therefore the economy was suffering slightly. The farming was beginning to go down and businesses were widely affected by the amount of people injured or dead (Spector) The struggle with both farming and business caused yet another wave of refugees. Due to the amount of bombing there was 1,034,300 hectares of forest destroyed. Since there was so much land destroyed it has a serious impact on the lives of the people of Vietnam (Rohn). Many suffer from diseases caused by the chemicals. These casualties have impacted the world around including all that were involved. It was also a war of a lot of deaths.
The Vietnam 1 Running head: SOCIAL EFFECTS OF THE VIETNAM WAR The Vietnam War's Effects on American Society Halley E. Moore Metro High School- St. Louis The Vietnam 2 Abstract The Vietnam War had a profound effect on American society. It changed the way we viewed our government, the media, and our Constitutional rights. Because of this shift in perspective, the country was torn apart and yet still came together in new and different ways.
The Vietnam War is the longest war fought in America’s history (1954-1973). The Vietnam War occurred because North Vietnam followed Communist ideas and the United States followed democratic ideas. The North wanted to interfere with the South into becoming Communist but the U.S did their best to reduce or eliminate the North interference in South Vietnam. The Vietnam War was the first ever war to be shown on television. Although the U.S won the battle, the T.V exposed the horrors and struggles of the war. It seemed like the U.S was just killing random people for no reason. It made a lot of people question whether the U.S was the good or bad side. During the war, there was a theory “Domino Effect/Theory, that basically meant that once one fell under communism than the others would fall too. This war was extremely difficult because they were fighting in a forest. There were trees and bushes and everything would block the sight of the soldiers. So there was Guerilla Warfare which meant unconventional fighting, surprise attacks and ambush. Helicopters were extensively used. It was a fast in and an easy out. After the Tet Offensive, people started to distrust the government and increased the number of protests. There were war-hawks and doves. They were two completely different groups. One was anti-war and the other was pro-war. The war made a drastic impact in American Culture. Especially with the American people. The Vietnam War created division. (History.com)
The war in Vietnam was a very contestable event for America and an overall major impact of the cold war. Fear of the spread of communism was on the rise again as Ho Chi Minh, the leader of North Vietnam wanted to unite the country under one communist leadership. The United States entered into the war to prevent this spread of communism to further their reputation of containing it as they have done in the past. While there are positives to the war in Vietnam, it seems as if there are more negatives in the situation which include massive casualties on both sides, chemical warfare, and a divided nation back home.
The Vietnam War was, and continues to be, one of America's darkest moments, one that nearly tore the nation apart. In order to stop the spread of communism in Europe and Asia, the United States aided French imperialists and their reoccupation of Vietnam. At first, the U.S took a position of neutrality to both countries, but by early 1947, they began fighting in support of France. This war, lasting over 20 years, became the longest and most unpopular war in the 20th century. Overall, the Vietnam War was detrimental to the United States because it caused a massive debt from the 1960s to the 1990s, turned the American people against their government, and many troops were neglected and despised upon their return.
During the time the United States was in a war, the American public was sharply divided creating another war among its people. The war had transformed America to a different place with its defeat. It had far-reaching consequences and impact on most aspects of American life from the economy, culture to domestic politics and foreign policy. The Vietnam war created a time of uncertainty because so many had lost their trust in the government. With the end of the Vietnam war, the United States left with a humiliating defeat and shockingly high casualties.
The Vietnam war today is considered one of the most traumatic but important events in the United States history. The war was between the North and South Vietnamese however the United states got involved to help the South avoid falling into the communist ways just as the North did. There were some positive aspects in the war, however there seemed to be more negative situations and opinions that overpowered the good. Opposition grew as the result of; the Gulf of Tonkin, the John Kerry testimony and the Tet Offensive. These aspects along with many others allow many to come to the conclusion that the war was fatalistic thing.
Vietnam was so significant to the United States partly as it would be the first war they would lose. It also had a tremendous financial impact on the country and the casualties were also more in the public eye than ever before due to the media. They learnt that: "a long war for limited objectives, with its steady stream of body bags, will not be supported by the American people" (Martino, 1996, p37). Some suggest that the US should have avoided any involvement in the war.
America has faced many hardships, and one of those hardships was the war in Vietnam. Vietnam was a war created from the fear of communism, therefore resulting in America's intervention. With this being said, with the war it had brought in negative effects not only to the economy, but to US troops as well. Therefore, with the tragic experiences that American soldiers had to face, the war on Vietnam resulted with damaging effects.
The Cold War era proxy war known as the Vietnam War wrecked global havoc during 1955-1975. Although the destruction on the ground occurred in Vietnam, Cambodia and Laos, the bloodshed of the war was just one part of a much larger worldwide communism versus capitalism battle headed by the United States and the Soviet Union. For the U.S., diplomatic and military policies had never before been so tightly intertwined with domestic policies. The war in Vietnam had such an impact on the home front in America that the term, “The Vietnam Syndrome” is still repeated to this day. The war, which is sometimes seen as a part of the larger anti-communist policy of ‘containment’, is largely to blame for the near destruction of three presidencies, as well as causing numerous political and social divides, a detrimental effect on the U.S. economy, and a credibility gap that caused distrust between government and the people. The focus on the war meant that many domestic issues such as the civil rights movement, the war on poverty, and Johnson’s ideology of the ‘Great Society’, were neglected by the government and therefore limited in their progress. The overall domestic impact of the war in Vietnam was largely negative and extremely divisive.
Vietnam is world’s 13th most populous country, majorly consisting of Viet and Kinh ethnic groups. Vietnam has Vietnamese as official language and some other languages exist in minority groups. Vietnam adopted “seclusion” policy which made the country isolated and faced a deep crisis which led them on brink of bankruptcy. After 1995, started globalizing and established relation with United States and Vietnam also became member of WTO in 2006. There are many aspects that helped Vietnam to grow faster. PESTLE (Political, Economic, Social, Technical, Legal and Environmental) analysis helps in analyzing overall business opportunities and ease of doing business in country. Vietnam PESTLE analysis is as follows:-