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Essay / Research Paper Abstract
An 8 page paper discussing the effects of war on the national economy. Though the "typical" response to wartime activity is that the national economy improves, this is no typical situation. We are not officially at war with any particular country, which likely has a dampening effect on releasing the beneficial economic aspects of war. The economy had been teetering on the brink of recession simply as part of the classic business cycle, and the terrorist attacks likely pushed it over the edge. Even that is not yet clear, and the action of the already-growing government may have a significant effect at a later time. Bibliography lists 11 sources.
Page Count:
8 pages (~225 words per page)
File: CC6_KSwarEcon.rtf
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Unformatted sample text from the term paper:
on the US economy has been so predictable that Palmer (2001) assessed past wars for insight. He writes, "The effect of World Wars I and II on the United
States economy is revisited for insight into how the war on terrorism announced by President George W. Bush will impact domestic and international markets" (Palmer 21).
Positive Economic Effects The pattern of war having positive economic effects is so standard that another author returned to
World War II in an effort to inform predictions of the future of the current economy. "The U.S. entrance into World War II at the end of 1941 was
followed by a boom that shook off the remaining economic problems from the Great Depression. Of course, this economic expansion does not mean that World War II was a net
benefit, and the same goes for the recent terror in New York, Washington, and Pennsylvania" (Why the U.S. Economy will Rise Again 20). Another says "that the current war
will be expansionary and will, therefore, help the U.S. economy recover from its current slowdown" (Why the War Against Terror Will Boost the Economy 30). Even the Civil War
had positive economic effects for the North (Logue 611). When the nation emerged from the recession of 1991-92 (at the end of the
Gulf War), the country set off on a period of expansion that would prove to be "the longest period of economic expansion since the end of World War II" (Happy
Birthday 1), which as already stated helped to end the final effects of the Great Depression. Galbraith (2001) explains the action of war
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