Title: How Much Did The Vietnam War Cost? - The Vietnam War
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How Much Did The Vietnam War Cost?
Human Cost
Economic Cost
Political and Social Cost
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Content: It’s estimated that 70,000 to 300,000 Vietnam Veterans committed suicide and around 700,000 veterans suffered psychological trauma. Economic Cost
The Department of Defense (DOD) reports that the United States spent about $168 billion (worth around $950 billion in 2011 dollars) in the entire war including $111 billion on military operations (1965 – 1972) and $28.5 billion on economic and military aid to Saigon regime (1953 – 1975). At that rate, the United States spent approximately $168,000 for an “enemy” killed. However, $168 billion was only the direct cost. According to Indochina Newsletter of Asia Resource Center, the United States spent from $350 billion to $900 billion in total including veterans’ benefits and interest. During the Vietnam war, in order to meet its required war efforts, factories in the U.S. which used to produce consumer goods were now converted to produce military equipment. This change caused a plunge in shopping rates, thus hurting the economy. Military fund spent overseas also led to budget deficits which caused a weaker dollar, galloping inflation and increasing interest rates. Owing to the Vietnam War, American economy was brought down from its growth in early 1960s to an economic crisis in 1970s. Political and Social Cost
The United States paid a high political cost for the Vietnam War.