Inflation In Vietnam Essay

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 holds its place in history as one of the most devastating wars for the

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 economy is known as a new emerging economy especially after entering WTO in 2007. The Foreign Direct Investment (FDI) has increase considerably and the GDP is over 8% in the period of three years (2005-2007). Nonetheless, it is clear that the economic instability occurs after WTO accession of Vietnam 1 year. Consequently, the economy has suffered surging inflation as well as trade and fiscal deficit. (Figure 1)

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.

Today, our World is a lot safer than 1960s. With emerge of civil rights; The United States was at its own War in 1960s. Despite, the differences and political crisis inside the Country, American politicians denied the fact that Americans were at their own War. Chronically, the Government threatened most of Civil rights Movement leaders to death, but they fought for people’s rights against discrimination. Meanwhile, the United States was unrest with emerging Vietnamese War. With the help from Soviet Union, the Communist Government of Vietnam was trying to destroy Southern Vietnamese. To stop spreading out the Communism in Vietnam, the United States intervention required. In this essay I will talk about how American Government

3. Part of the reason the World Bank’s standard Structural Adjustment Policies has been counterproductive partially because of unfortunate timing. Reduce government spending caused a recessionary effect, decreasing demand and increasing unemployment hurt nations. Strict monetary policy raised interest rates and helped to further suffocate investment demand and access to capital for poor farmers and low-income entrepreneurs. Currency devaluation did make exports cheaper but at a time when export markets for primary goods were oversupplied and prices were falling. Import cost also rose making it more expensive for domestic producers to obtain new technology and replacement parts. In addition, privatization of government enterprises also increased efficiency, which was accompanied by downsizing, which resulted in unemployment for thousands of the middle class. At this time the reductions in

The Vietnam war destroyed american life as we know it. More than 58,000 men and women made the ultimate sacrifices; billions of dollars spent on the conflict in an attempt to “contain” Communism. America went into the war as the world’s largest allied superpower, following a victory during WWII against the axis powers. Despite being the world's largest military power, America left Vietnam with a humiliating defeat, with high casualties. The nation’s longest war, the only war the U.S. ever lost, it had many consequences and impacts on most aspects of American life, from the economy, politics, the american people, and veterans of the Vietnam war.

The one thing I found to be interesting in this weeks reading is how the Vietnam War affected the American economy. The war diverted money from domestic programs and was an end to Johnson’s Great Society. It contributed to the ongoing economic crisis. It is interesting that after the work put into the Great Society, yet the Vietnam War was the sounding bell for its death. An increasingly unfavorable balance of trade, related in part to spending for the war abroad, contributed to an international monetary crisis leading to Nixon having to deal with the economic problems of the war. This is related to the Great Society reforms that helped to provide some equality. It did not achieve any success during 1960 – 1974; it, in fact, caused the programs

Just imagine coming home to people who are unappreciative of other people risking their lives, fighting for their own country. The Vietnam War began over an argument between North Vietnam and South Vietnam about communism. American troops deployed in Vietnam to fight with the South during the Vietnam War, because they did not support communism. The Northern Vietnam troops were in support of communism and the Southern troops were not. The war went on for about 20 years, from 1955 until 1875. When the American soldiers who fought in Vietnam returned home, they were mistreated and unappreciated for their service.

Since the Vietnam War was so expensive to maintain, the United States economy took a considerable hit. The United States unemployment rate continued to rise for decades in the 70s. While the United Sates government was busy with the Vietnam War, another war was occurring in the Middle East. Since Crude oil became more of a necessity American oil consumption of gasoline and other oil product was increasing, even when domestic oil production was declining, leading to a high dependency on oil overseas. Iran had a coup and it resulted in America, having an energy crisis that drive up the price of gas In the U.S., policymakers arrogantly believed, Iran would not refuse the U.S. market.

Thinking back to the days of one’s youth, one might recall taking a family trip to the local amusement park during the warmer months of summer. Standing, walking, or even running, one can spend hours underneath the beating heat of the sun. Moving from ride to ride, families pass by tents spraying mists of cooling, refreshing water to help soothe the pain from standing out in the sun. Children run back and forth through the mist, laughing with excitement. There is hardly a care in the world when the family is having so much fun. Now replace the amusement park with the jungles of Vietnam, and the tent, now a two engine C-123 cargo plane, sprays deadly chemicals instead of harmless water on the young American soldiers stationed there. This was the situation many Vietnam veterans were placed in during the conflict in Vietnam, and they were clueless and unprepared for the aftereffects of the chemicals sprayed across the battlefields. The chemical that was being sprayed across Vietnam was a potent herbicide that came to be known as Agent Orange, named after the color band that wrapped around the canisters it was transported in. This herbicide, while extremely efficient at its job of destroying forests and crops, it also did a great job at harming humans. Since the end of the war in Vietnam, many negative health effects of Agent Orange such as cancer and birth defects have come to light. Even though these health effects were caused by the spraying in Vietnam, many

Briefly, the year 1954 became a turning point that marks many changes on the political front in Vietnam. It ended the French colonial period by the 1954 Geneva Accords, opened a prior-independent era of a Communist North which was separated from a republican South and lasted through the Vietnam War up to April 30, 1975. Then the Communist Party took over the country and claimed to be a unique and “legal party responsible for all the policies and activities of the state.” With the unification of the North and the South, the Socialist Republic of Vietnam was inaugurated on July 2, 1976. It is important to note the two mass exoduses that happened from 1954 and beyond to escape Communism: (1) the migration of 860,000

The Vietnam War or the Second Indochina War began in 1955 or ten years after World War 2. The United States direct involvement in the war started in 1964 and extended through 1973 but its indirect involvement started much earlier. At the end of the Second World War the United States and the Soviet Union were recognized as the two greatest military powers in the world. As the Soviet Union expanded their influence over Eastern Europe in countries including Bulgaria, East Germany, and China turned to communism and the United States grew concerned with the expansion of communism and its potential impact on the democratic nations of the world. Similarly the Soviet Union was concerned with the economic and military strength of the United

The sub-prime crisis affected, not only to the US, but it’s footpath across the world. The economic financial system across the world experienced suffering very badly, thereby leading the deteriorating of the economy. According to numerous economists, the crisis of 2008 was the most severe economic contraction, despite the fact that it is less than the Great Depression. To preserve financial policy steadiness, Federal Reserve applied conservative financial policy stimulus thereby decreasing the federal resources rate to almost zero and becoming the “lender of the last resort”. Fed created this new loan program to improve the deteriorating financial system.