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Article: Face of `War Economy' May Change with Situation, Innovations.
- Article from:
- Knight Ridder/Tribune Business News
- Article date:
- October 28, 2001
CopyrightCOPYRIGHT 2001 Knight-Ridder/Tribune Business News. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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By Lynn Arditi, Providence Journal, R.I. Knight Ridder/Tribune Business News
Oct. 28--America is fighting a new kind of war. So what will Rhode Island's new war economy look like?
The answer: Not like any other we've seen.
History tells us that whatever the social costs of wars, they're generally a boost to the economy.
The massive industrial build-up during World War II was the final push that got the country out of the Great Depression. The Vietnam war helped drive the decade-long boom during the 1960s. And the Cold War fueled a military machine that became an essential driver of prosperity in the 1980s, pumping money and jobs ...