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What were the Economic costs of the revolutionary war to individuals and to the government?
Wiki User
∙ 9y ago
Wiki User
∙ 10y agoSpending money on war affects the government as well as people. How much is affected can be determined by the size or length of any given war.
Taxes are imposed to pay for governmental responsibilities or they may be borrowed funds.
In less than wealthy nations, the cost of war can adversely affect funds normally spent on health, welfare and the safety of people. When some countries spend excessively on war, the health and welfare of the people suffer.
Normal spending on infrastructure (like city roads), police (safety) and health (grants for medical research, subsidies for healthcare) can take a backseat and the budget may become lopsided. This again as noted, depends on the size and length of any given war. It also depends on the wealth of the nation involved in the conflict.
In some cases, funds on war can be misdirected. And in some cases rebuilding
what was destroyed in the process of a war does not take place.
In wars, the suppliers of weaponry, food and other requirements needed by the government brings funds to these suppliers. The amount of profit for the suppliers may be determined by the costs any government is willing to pay. This can happen if a government introduces wage and production cost controls. The profits are of course taxable income.
Government spending is notorious for being wasteful and misdirected more often than not, thus the purpose of that money is not met. Instead, it may or may enrich some people and the general population at home and abroad are not positively affected.
In certain situations, war expenditures are vital to the very existence of the nation at war, such as the UK and France in WW2. This then are war costs that leave little room for not spending enough.
In some specific war situations, such as WW2, many economists are on record for stating that the Great United States Depression, was lifted because of that war. This is not a desired situation, but can be the result of war participation and war production.
Wiki User
∙ 9y agoAmericans got the right of republicanism which is instead of a king the people have the authority and they got more religious freedom. People also helped with trying to end slavery. Hope this is right .-. I don't know if it is so just deal with my stupidity :3 happy studying <3
Wiki User
∙ 11y agoAdd your answer:
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What is an argument used by protesters to support their stance?
Economic costs are too high.
Why did it make sense for big corporations to continue operating during poor economic times?
their operating costs were so small compared to their fixed costs
What did the populist party support in order to fight the high costs?
The Populist party demanded government ownership over the railroads to combat high costs.
Who lowered wages during economic depression?
During an economic depression, it is typically employers who may lower wages in order to cut costs. This can be a result of decreased demand for goods and services, leading to reduced profitability and the need to scale back expenses, including labor costs. However, it is important to note that wage reductions can also be influenced by government policies or collective bargaining agreements.
What did the populist party support in prefer order to fight against high costs?
The Populist party demanded government ownership over the railroads to combat high costs.
What were economic costs of the war to individuals and to the government?
World War 2
What were the economic costs of the war to the government?
World War 2
What is an economic perspective?
Economic perspective is a viewpoint that envisions individuals and institutions making rational decisions by comparing the marginal benefits and marginal costs associated with their actions.
Why did the government borrowed large amounts of money during the revolutionary war?
War costs a lot of money. They are not free.
What is meant by an urban layoff?
The term is used to describe the speed and practice of companies to layoff employees in a changing economic climate. Although it is the quickest way to reduce costs; they do not count the costs to the individuals.
What is the central focus of economic perspective?
Economic perspective: a viewpoint that envisions individuals and institutions making rational decisions by comparing the marginal benefits and marginal costs associated with their actions
Does the Economic instability have high economic and social costs?
yes
What are the different economic and non economic costs of unemployment?
Economic costs is the decrease in goods and services that occurs as result of unemployment but non-economic cost is the increase in goods and services that occur as result of unemployment.
Why does economic growth create higher living costs?
Economic growth, for society as a whole, should lower living costs by increasing real wealth.
What is economic order quantity?
The Economic Order Quantity (EOQ) is the number of units that a company should add to inventory with each order to minimize the total costs of inventory-such as holding costs, and order costs
What is Government subsidy?
A government subsidy is monetary assistance granted by the government. This includes things like, production subsidies, employment subsidies, and export subsidies.
What are economic costs of nuclear energy?
it is very economical process that's why its costs is very low
