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Economic Consequences Of The Vietnam War

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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

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