In terms of the economy, the amount of defense spending of the United States’ during the Cold War Era was significantly smaller compared to the spending during World War I and II, with the second World War being the largest of the three. With that being stated, at the end of World War II, defense spending sharply decreased, but increased again in 1947, being the marked beginning of the Cold War, and proceeded to fluctuate, notably in the early 1950s signifying the Korean War and from 1955-1975 signifying the Vietnam War, until the early 1990s where it began to steadily decline until the Iraqi War in 2003. The Defense spending during the Cold War peaked at 15% of the United States GDP (Due the the beginning Cold War and Korean War), with the
…show more content…
of the United States during this era, it should be noted that, despite the United States’ actual unemployment rate has varied throughout the duration of the war, but the Employment to Population Ratio of the U.S. public has increased steadily throughout the duration of the Cold War. It should be acknowledged that the population employed in agriculture- related areas decreased from approximately 10 million citizens to 3 million between the years 1935 and 1970. However, it should further be noted that the amount of citizens employed in non- agriculture related industries has been sharply increasing since 1940, from 49,148,000 citizens to 114,449,000 citizens in 1991. It can be argued that the population and Civilian Noninstitutional Population (“...People who live in the United States, are older than 16, and who are not in a institution (criminal, mental, or other types of facilities) or an active duty military personnel.”)growth is purely responsible for this, yet the Civilian Noninstitutional Population only grew from 99,840,000 to 190,925,000, being a growth of 91% compared to the 133% growth of those involved in non agricultural occupations. With this in mind, the massive growth of the total population employed in industry dwarfs the issues that can be brought forth regarding the drop in agricultural employment, as even upon bringing the drop into consideration, the effects of this time period still result in a positive increase in employment rates in the United
of the United States during this era, it should be noted that, despite the United States’ actual unemployment rate has varied throughout the duration of the war, but the Employment to Population Ratio of the U.S. public has increased steadily throughout the duration of the Cold War. It should be acknowledged that the population employed in agriculture- related areas decreased from approximately 10 million citizens to 3 million between the years 1935 and 1970. However, it should further be noted that the amount of citizens employed in non- agriculture related industries has been sharply increasing since 1940, from 49,148,000 citizens to 114,449,000 citizens in 1991. It can be argued that the population and Civilian Noninstitutional Population (“...People who live in the United States, are older than 16, and who are not in a institution (criminal, mental, or other types of facilities) or an active duty military personnel.”)growth is purely responsible for this, yet the Civilian Noninstitutional Population only grew from 99,840,000 to 190,925,000, being a growth of 91% compared to the 133% growth of those involved in non agricultural occupations. With this in mind, the massive growth of the total population employed in industry dwarfs the issues that can be brought forth regarding the drop in agricultural employment, as even upon bringing the drop into consideration, the effects of this time period still result in a positive increase in employment rates in the United