Question

Discuss the potential economic benefits of war

Answer 1

Actually, military spending is an extremely inefficient way of spending money (which I believe was your point).. . I was talking to an economist who argues that if the money the United States had put into the military since 1945 had been spent in the civilian sector instead, the GDP would have grown 32-fold over what it is now... a $350 trillion economy. There would be "cruises to Mars and Jupiter" under the "Travel" section of Answers.

Answer 2

It's good for the companies making war material

Answer 3

War is a buyers and sellers market. If we're in a war we, as a country, can be our own buyers and sellers and remove our need to sell to other country's. Therein we push our American economy forward and all the money stays here.

Answer 4

it has always been known.That i learned in history class that.The more we tear up the more we have to produce.Which war is good for production of military contracts to certain companies for technology.for not only do we tear up we also have to fix which comes from carpentry to rebuild electricians to bring back power oil to power and chemical plants.Plus other contracts like communication mass transit.Amongst a long line of things i can't even comprehend.Good question but that has been ask since wars began.

Answer 5

yes it is only good things for those who are called the dogs of war, merchants of deaths these people benefits from wars, while many civilians died they see it just a profits

Answer 6

Unlike the end of the great depression, we had/have stockpiles of ordnance. This war, if you really want to call it that, has done nothing for the US economy. It actually has not even helped the arms industry. Bell Helicopter and Northrup are both laying off people, and instituting hiring freezes.. . In the case of the Great Depression, we had no real stock piles, and we had manufacturing capabilities laying dormant. The war kick the economy up and kept it going. That, by the way, is an anomaly, it did not occur in the Revolution, or in the Civil war. Vietnam did not help our economy much either. The 60s were still booming because we were left standing and still building the rest of the world back to production.

Answer 7

Death creates job openings which in turn reduces the amount of unemployed, uninsured welfare bums.

Answer 8

See: end of the Great Depression.