Tuesday, May 3, 2011

War Can Have Long Term Benefits for the Economy

In another note, I think war is sometimes good for the economy because it not only helps the current economy, but it helps the future economy with war bonds and jobs. As the war is happening people are buying war bonds in order to help fund the war. These bonds take the people's money and pay for the war but are also a type of money saving device for the people. Later, when the war is long over, people will have money saved up from purchasing these war bonds from years before. This provides our economy with more financially stable people.

The economy is also boosted during war because many job opportunities open up when a war is in progress. More companies who build war supplies need more people to help pump out more products more quickly hire many people. Even when the war is over these companies have become very powerful and are able to keep a large number of people employed. As an example of the increase of jobs Christopher J. Tassava, an expert of war on the economy, say’s of World War II, "The organized labor movement, strengthened by the war beyond even its depression-era height, became a major counterbalance to both the government and private industry. The war's rapid scientific and technological changes continued and intensified trends begun during the Great Depression and created a permanent expectation of continued innovation on the part of many scientists, engineers, government officials and citizens."

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