Title: Economic impact of war - Economics Help
Headings: Economic impact of war
Economic impact of war
Costs of war
War and inflation
War and National debt
The financial cost of war
Cost of civil war
The aftermath of War?
The opportunity cost of war
Psychological costs
Economic benefits of wars
Domestic demand and unemployment
Possible unemployment
1960s economic boom
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Content: Possible unemployment
However, at the end of major wars, there is the danger that returning soldiers may struggle to find employment. After the end of the First World War, there was a major economic slump, and returning soldiers struggled to find jobs which had been replaced during the war. A sharp rise in unemployment after the end of the First World War. The Versailles Treaty which demanded reparations from Germany did not help as it contributed to lower trade
1960s economic boom
In the 1950s and 1960s, the US was involved in major conflicts in Korea, Vietnam and Cambodia. Military spending took an increasing share of GDP and was partly responsible for strong domestic demand and high rates of economic growth. Companies involved in the manufacture of arms saw a rise in demand and profit. See: War and the Economy
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Iraq War and US economy