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Essay / Research Paper Abstract
A 4 page paper discussing the economic effects of the Iraqi war. War nearly always provides an economic boost, even if only temporarily. The war in Iraq lifted the American economy to an extent, but the benefits of the gains will not be lasting ones as the federal government seeks funds sufficient for rebuilding the country. The cost of reconstruction equates in the US to less opportunity for economic growth, for billions of dollars are being dedicated to Iraq to assist in its rebuilding from the most recent war. Though the beginning of the war increased American economic fortunes, that general effect is being negated by the staggering costs of reconstruction and conversion to a coalition government in Iraq. Bibliography lists 3 sources.
Page Count:
4 pages (~225 words per page)
File: CC6_KSeconWarIrq.rtf
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Unformatted sample text from the term paper:
nearly always provides an economic boost, even if only temporarily. The same can be said for the war in Iraq, but with qualifications beyond what could be expected economically
under "normal" wartime economic conditions. Origins of Growth Regardless of the state of the economy at the time of attack on another country,
the effect of any war effort is to increase growth in the aggressors economy. The target nation ostensibly could see economic benefit as well, but only until that benefit
were offset by the costs of repairing damage and returning to normal life. At the beginning of the war in Iraq, the US
was struggling to emerge from recession. After having experienced the longest period of economic expansion ever known, the inevitable "correction" arrived when it was least expected. The US
economy was teetering on the brink of recession - the "bust" portion of the boom-and-bust business cycle - but the terrorist attacks of September 11, 2001 pushed it off the
cliff. The economy had largely recovered by the time of the beginning of the war in Iraq but still was hesitant in its growth.
The beginning of the war marked a time that the federal government became far more active in gathering its supplies partially within the private sector. Consumer spending
had not yet recovered to pre-war levels, and generally it is consumer spending that dictates the movement of the US economy. Any spending will do, though. When the
government committed to spending billions in Iraq, the effect was that it had announced it would be spending billions here at home. The
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