Thursday, April 28, 2011

The War and Recession


Have you ever asked yourself, how much does war effect the economy? Or even if it has any impact whatsoever? Well your not the only one, in fact many people ask themselves this all the time, and it looks like it will not stop being asked any time soon. Well the answer to this question is yes, war has a very immense impact on the economy of a nation.




One way that we can tell that war effects the economy is a recession, which we are without a doubt in currently, and the oil prices going through the roof. This is in large part due to the war in Iraq and Afghanistan. A war that economist say "the true cost of the war goes beyond the direct appropriations for fighting it." Even in the state of recession in which we are most people would be glad to pay $2 a gal for gas but that would not be happening any time soon. Not with the price of oil being more than $100 a barrel and this price is on the rise. So yes, I would say war greatly affects the economy.










http://www.usatoday.com/money/economy/2008-04-09-iraq-war-economy-cost-obama_N.htm

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