The sixties was a time of change whether it was with culture or political movements. The Vietnam War was one of the many events that impacted this time period. The Vietnam War is a major event in American history that had a tremendous effect on the American people at home and those in the battlefield. It had created a great deal of controversy in America. During this era, the American people started losing faith in their country, and felt like it was falling apart because of the shift in perspective with the government and media. The Vietnam War spurred many protests and shifted the way America was run. It had a profound effect on American politics, social movements, economics, and culture. These changes in society not only contributed to Americans
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The financial burden of the war started in 1953 with economic aid to the French. There were many requirements needed for the war that lead to imbalances in the industrial sector. In the early years of involvement, the United States had little impact in the economy. The economy was growing along with unemployment falling. It was not until the United States started to build up troop levels in Vietnam that started to affect the economy. The cost of the war impacted President Johnson’s Great Society Plan by “suffering budget cuts and the anti-war sentiments and distrust with the government caused consumer confidence to go at a very low level.” He then raised taxes to help support the war. Both military and non-military were involved with the blowout in budget deficits that led to the rapid rising inflation. “Consumption remained constant and investment remained flat.” Instead of factories being used to produce consumer goods, they were used to make items for the military. This caused the controversy over the government’s handling of economic policy. The government’s military had caused many problems for the American Economy with their spending. These funds were going overseas and it created an imbalance of payments. Inflation was sparked by the war and had a contributing factor to the rise in oil prices in 1973. The Vietnam War was an important factor in bringing down the …show more content…
Wars do affect the economy and depending on the duration of the war, issues that were involved at that time have an effect to it. Every tactic and movement affected other effects. Not only were billions of dollars spent but thousands of American lives were taken. It changed the public view of the government and its leader permanently. “as the war in Vietnam dragged on, though, more and more Americans began to question this rationale.” The war overall damaged America’s image which is why Americans felt as if the U.S. was falling apart due to all the events going on during this era. It still affects America today on the way we look at all future conflicts and how to approach
The financial burden of the war started in 1953 with economic aid to the French. There were many requirements needed for the war that lead to imbalances in the industrial sector. In the early years of involvement, the United States had little impact in the economy. The economy was growing along with unemployment falling. It was not until the United States started to build up troop levels in Vietnam that started to affect the economy. The cost of the war impacted President Johnson’s Great Society Plan by “suffering budget cuts and the anti-war sentiments and distrust with the government caused consumer confidence to go at a very low level.” He then raised taxes to help support the war. Both military and non-military were involved with the blowout in budget deficits that led to the rapid rising inflation. “Consumption remained constant and investment remained flat.” Instead of factories being used to produce consumer goods, they were used to make items for the military. This caused the controversy over the government’s handling of economic policy. The government’s military had caused many problems for the American Economy with their spending. These funds were going overseas and it created an imbalance of payments. Inflation was sparked by the war and had a contributing factor to the rise in oil prices in 1973. The Vietnam War was an important factor in bringing down the …show more content…
Wars do affect the economy and depending on the duration of the war, issues that were involved at that time have an effect to it. Every tactic and movement affected other effects. Not only were billions of dollars spent but thousands of American lives were taken. It changed the public view of the government and its leader permanently. “as the war in Vietnam dragged on, though, more and more Americans began to question this rationale.” The war overall damaged America’s image which is why Americans felt as if the U.S. was falling apart due to all the events going on during this era. It still affects America today on the way we look at all future conflicts and how to approach