Why is war good for the American economy?

Question

My boyfriend has told me this repeatedly, but I don't understand.

Answer 1

It causes the government to spend money on war materials, many of which are made in the USA. The money is debt-financed, which suggests that the positive effect may only be short-lived.

Answer 2

War is good for the economy because the government employs countless workers and funnels countless dollars into the economy for weapons and defense. The private sector builds weapons. The government puts out contracts for weapons, weapons manufacturers create jobs to meet the demand, and those new employees now start pumping their earnings back into the economy.

Look at how great job growth is in the US right now.

It was WWII that actually pulled us out of the Great Depression. We started building our $h!t up to deter Nazi Germany's aggression. The Cold War saw us further growth and opportunity because the very nature of the "war" was to build a forever bigger arsenal.

It's a sad economic fact: war is good for the economy.

Answer 3

War is not good for the American economy. Why do you think we're so far in debt. Trillions of dollars go to the war effort and the only way they are payed back are through taxes. It is not helping the economy in the least.

Answer 4

Who do you think get the $3-5 billion dollars a month the war costs? The soldiers?

It's actually not good for the economy in general, it's just good for the military industrial suppliers. And most of that goes to the CEOs, not the workers.

Answer 5

It's an old adage that might've been true sixty years ago, but it no longer is. The thought was that war (big war, like a world war) caused all of America's factories to start churning out guns and tanks and jeeps and planes and bombs and everything else needed for a major war. Thus, everyone went to work, even the (gasp) women. So your boyfriend's adage is no longer true.

Answer 6

It is both good & bad for the economy. The good is for decades the main Research & Development was in the area of defence and aerospace. We got many spin-off benefits from medicine to laptops to dryed foods. The bad is it consumes dollars and lifes.

The economy use to be kept going by planned obsolescence. This was done with products waring out. The Japaneese change the definition of quality from meeting specs to durability. Now the economy has to be kept running by innovation. Products need to have more bells & whisle to keep consumption up.

For weapons they have to be used in order to need to be replaced.

Answer 7

its horrible for the economy in the long run. It affects our trade relations, kills our people, deplets our bank accounts, if there was a draft that would totally throw off the peace at home...affecting the economy..i guess it does create jobs though and thats good...

Answer 8

Contractors are able to produce more military products......this provides more jobs in the defense and construction industries.

Answer 9

its stimulates any industry you can image for the military's needs and brings america closer and feels them feel safer and wanting them to spend