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Economic implication of wars - Coggle Diagram
Economic implication of wars
War and National debt
Debt continued to rise due to reconstruction and the creation of the welfare state.
Damage to infrastructure
A decline in the working population
Direct congressional war appropriations
Veterans care and disability
Estimated future obligations for veterans' care.
War related increases to the pentagon base budget
Increases in the homeland security budget
Interest payments on direct war borrowing
Foreign assistance spending
Economic benefits of wars
Development of radar/jet engine in the second World War could be used for peaceful purposes.
Higher economic growth
Increased rate of innovation as the government invests in new technology.
Full employment
Change in social attitudes.
Inflation
Rise in uncertainty
Loss of confidence in financial system.
Shortages of goods
Services
Rising price of raw materials like oil.
Lost of people savings
Cost of civil war
Collapse in tourism
Foreign investment
It can lead to shorter life-expectancy and lost GDP.
increase in rates of armed violence and organised crime
The decline in health services and education are likely to be even greater.
It takes a toll on a country's cultural infrastructure and development.
Human costs
It demands the exorbitant price of thousand of human lives.
Some time exploring it's economic cultural.
Domestic investment
The American Civil war was one of the most expensive conflicts in the history of the united states.