The Impact of the Vietnam Conflict on the Economy of the United States

摘要

This paper reviews the key events and government policies during the Korean and Vietnam conflicts, to compare government initiatives to control the adverse economic effects of rapid military buildup and subsequent cut-back in military spending in both cases. Lessons to be learned from successes and failures of these two experiences are discussed, and claims that Vietnam military spending has been the root cause of the continuing inflationary spiral in the United States are evaluated. (Author)