Title: What are some Vietnam War symbols? - Quora
Headings: What are some Vietnam War symbols?
What are some Vietnam War symbols?
Content: This was when the first U.S. military advisers arrived in Vietnam; however, the first combat troops were not deployed until 1965 which is considered the actual start date. Vietnam was different to the preceding conflicts in the sense there was no spike in military outlays to mark the start of the war, as military buildup remained constant as a result of the Cold War. The peak year of military spending was 1968 when it reached 9.5% of GDP, compared to the last year of the conflict in 1973, when military spending fell to 5.9% of GDP. Fiscally, non-military spending was equally significant in the peak year of the conflict, compared to the Korean War where military outlays were almost three times non-military outlays. This was in large part due to President Johnson’s Great Society domestic programs. The whole point was to keep the US economy stabilized, unlike the Korean war and to maximize profit while ensuring high productivity and low un-employment. Tough to do in a volatile economy, especially one that was spiraling downward after the Korean war. The Vietnam War, like previous war, had a lasting fiscal legacy due to the increased levels of government expenditure which was financed by increases in taxation from 1968 to 1970. The blowout in budget deficits was driven by both military and non-military outlays in combination
with an expansionary monetary policy that led to rapidly rising inflation in the mid-1970s.