Homeworks academic service


A look at the benefits of war

Posted March 29, 2018 at 8: What is it good for? Starr was a one-hit wonder. But the track was a powerful and dramatic tune that perfectly characterized the anger and disapproval felt by the anti-war movement toward America's involvement in Vietnam. The song remains one of the most popular and well-known anti-war tracks to this very day. Truth is, depending on which side of a war you're on, the benefits of war can outweigh the costs. The economic impacts of war are well examined.

Wars can cause massive economic losses due to damage to buildings and infrastructure, a declining working population, consumer and investor uncertainty, inflation, and increases in national debt.

But the economics of war is a double-edged sword.

Related Questions

Government spending associated with wars can also stimulate national economies in the short term, particularly through spending on military and health care. There is much debate over whether or not economies benefit from war in the long term.

It's true that most American wars have been followed by an economic boom. The only exception was the Gulf War, which was followed by a recession.

A critical look at the GI Bill’s impact

The debate over the economics of war will continue. But war has other dynamic impacts on a nation. Estimates of the total humans lost to wars throughout history range from 150 million to 1 billion. But as macabre as it might sound, it seems that wars might ultimately result in long-term social benefits.

Energy & Capital

Many of the technologies we use and depend on today were developed as a result of war. These technologies include GPS, radar, microwave, rocket science, cell phones, weather forecasting, and modern air travel. And these are just a few.

In fact, if it weren't for wars, we might not even have the internet — or at least not the internet we know today. The system you're using to read this editorial right now, used by over 3 billion other folks around the world, was first invented by none other than the U.

Expert Answers

Aside from these technologies, wars can also free people from despotism and tyrannical governments. The Best Free Investment You'll Ever Make Our analysts have traveled the world over, dedicated to finding the best and most profitable investments in the global energy markets. All you have to do to join our Energy and Capital investment community is sign up for the daily newsletter below.

Just in the 20th century, wars killed Hitler, suppressed Mao Tse-tung, and held back Stalin from gaining global power.

The economic benefits of war outweigh the costs. Discuss.

You'd still be paying taxes to the King of England. Madison should have considered this.

  • Researchers have found that even in the most war-torn areas, survivors tend to become more active in their communities and more likely to participate in politics;
  • Over the full twenty year period, inflation averages approximately 0;
  • Anti-New Deal conservatives like Mississippi Congressman John Rankin worried that these payments might create a freeloader mentality for veterans;
  • Another way in which wars have had financial benefits macro-economically is the positive impact it has on the level of national output through employment;
  • Wars can cause massive economic losses due to damage to buildings and infrastructure, a declining working population, consumer and investor uncertainty, inflation, and increases in national debt.

War can also stimulate a sense of national unity and shared identity. Researchers have found that even in the most war-torn areas, survivors tend to become more active in their communities and more likely to participate in politics. Let me ask you this: War is a double-edged sword.

  • Putting aside the ethical debate on whether or how we should put a price on life, recent judiciaries rulings have shown the figure to be much higher;
  • The economic benefits of war outweigh the costs;
  • A Keynesian argument would be that military spending is the stimulant countries needed to boost their economies in periods of economic stagnation;
  • With so many male veterans demanding college spots, civilian female applicants were disproportionately excluded;
  • Not only does fighting in wars benefit certain industries, the aftermaths of conflict would also present opportunities for construction companies and equipment producers to carry out postwar rebuilding.

There are obvious tragedies. But there might be far more less-obvious benefits.

Benefits Of War

In an ironic twist, even Edwin Starr benefited from war. Without the Vietnam War and the great opposition to America's involvement, the one-hit wonder might have never seen any success at all.