What was the impact of the Vietnam War on US Economy?

Answer 1

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. 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.

Answer 2

The South Vietnamese Government and South Vietnamese population received funding, medical, educational, engineering (road, railroad, schools, buildings, sewage & water projects) support during the war.

Answer 3

War creates CONTRACTS. Contracts=money.

Contracts are awarded by the government to:

1. Automotive industries-they build tanks/wheeled vehicles

2. Ammunition industries-Small arms ammo/artillery ammo/grenades

3. Aircraft industries-Helicopter construction; Jet construction; Propeller driven airplane construction.

4. Boat/Ship industries-Warships; Transport Ships; Patrol Boats

5. Clothing industries-Boots, uniforms

6. Medical industries-Medical supplies

7. Food industries-Military rations

8. Radio/computer industries-Military communication devices

9. Optical industries-Night vision device; binoculars; sighting equipment

Etc.

Answer 4

the agent orange chemical along with the napalm dropped destroyed jungles and made the land unusable for the locals therefor damaging the local economy

Answer 5

Part of the defense budget.