The Vietnam War was responsible for a heavy strain on the financial resources of the US economy. Due to the war exigency, there was a negative imbalance in the industrial sector. Factories which were manufacturing consumer goods had to shift their onus towards catering to the demands of the military. A war never benefits anyone; this statement proved right to America too.
Due to excessive military spending and diversion of funds overseas, the dollar weakened. There was no equivalent amount of funds coming into the country. The country cringed under the strain of household social spending and subsidies on one side and military expenditure on the other. The government earned dissatisfaction from the general public as the interest rates rose and inflationary trends ballooned. The affluent lifestyle of the 60s which prevailed in the US began to erode because of the economic paralysis which laid the country forlorn in the 70s' Vietnam War.
Because of the mandatory Draft, there had to be more people to go to work and do the jobs of those who were drafted. We had trouble with the oil-producing countries and gas was scarce. All the money used on that 'conflict', (which it was called then), wasn't used on Americans at home. The 'current war' is affecting this 'economy' much like back then; except we are 'more spoiled' now with instant info, there were no PCs back then; only the government had a huge computer to use, strictly for researching 'weapons of mass destruction' like the atomic bomb. We are really not as fortunate as we think, because we can actually see the growing violence worldwide. We did not have a terrible crime-wave, like we do now. I was in grade school and there was just a lot of protesting, mainly civil-rights; although Congress did Appeal the Gulf of Tonkin Resolution after the National Guard opened fire on student protesters in Kent State College in 1970. So, if you want to know: What life was like during the Vietnam Era, ask anyone 46+ and, don't ask a Vietnam Vet-because most of them do not want to remember that. This current war is actually worse because all of the soldiers were not drafted; but when they get hurt and have to return home; the applaud they get does not replace the 'shoddy' medical attention they get. Since the 1970's, our medical reforms have not improved. Back in the '60's & '70's, if you needed a special procedure, you were sent to the best person to do it and no one cared whether you had the money or not. Nowadays, if you don't have the money, you are 'out of luck.' That's how the 'economy' has changed. People cared back then.
The vietnam war effected the economy negitavly because all the production cumpanies shfted into making suplies for the armed forces and was not suplying for their own county. Buacuse of this the dolors value decreased and therfor was worth less. During the corse of the vietnam was over 150 buillion dollars was spent by the U.S alone ( keep in m iond this is only for the war not for there maitinence of the rest of the country) also more then 58 thousand americans were killed inj the procces and 350 thousand were injured... Not to mension the 40 thousand cases of plasmodium falciparum whitch effect the brain. Alos the use of agent orange and hurbacides had a negative effect ont the vietnames caouseing birth defects in 4 generations of poeple now.the only good thing that came oput good from vietnam is the technilogiccal advancement fromm t eh us side in form of "smart" bombs and depleted uranium shells. Also biochemicals such as white phosphorus and agent orange
In the late 1960’s –during the Vietnam War—the U.S. Experienced demand-pull inflation—too much money chasing too few goods. The men were away at war, leaving the workforce riddled with open jobs in manufacturing and production. At this point, all available resources, including any woman who could do the job, were fully employed and the business sector could no longer respond to the excess in demand by expanding output (Brue, Flynn, and McConnel 530). The demand for military supplies raised prices and triggered inflation. During the mid 1970’s the baby boomers were entering the workforce and starting families. They expected a steady increase in pricing, which translated into more consumption that saving (Rotter).
The president was supposed to be using money for education planning, and schools. But instead he was forced to use it on the war, expanding the amount of time for education plans to become set in stone.
The Vietnam War was had a positive effect ib the business for US. There was no destruction on American soil, and business was booming for Military-Industrial complex.
The Vietnam War was responsible for a heavy strain on the financial resources of the US economy. Due to the war exigency, there was a negative imbalance in the industrial sector. Factories which were manufacturing consumer goods had to shift their onus towards catering to the demands of the military. A war never benefits anyone; this statement proved right to America too.
Due to excessive military spending and diversion of funds overseas, the dollar weakened. There was no equivalent amount of funds coming into the country. The country cringed under the strain of household social spending and subsidies on one side and military expenditure on the other. The government earned dissatisfaction from the general public as the interest rates rose and inflationary trends ballooned. The affluent lifestyle of the The Vietnam War was responsible for a heavy strain on the financial resources of the US economy. Due to the war exigency, there was a negative imbalance in the industrial sector. Factories which were manufacturing consumer goods had to shift their onus towards catering to the demands of the military. A war never benefits anyone; this statement proved right to America too.
Due to excessive military spending and diversion of funds overseas, the dollar weakened. There was no equivalent amount of funds coming into the country. The country cringed under the strain of household social spending and subsidies on one side and military expenditure on the other. The government earned dissatisfaction from the general public as the interest rates rose and inflationary trends ballooned. The affluent lifestyle of the 60s which prevailed in the US began to erode because of the economic paralysis which laid the country forlorn in the 70s' Vietnam War. 60s which prevailed in the US began to erode because of the economic paralysis which laid the country forlorn in the 70s' Vietnam War.
