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Article: War and The Economy (Issue)
- Article from:
- Gale Encyclopedia of U.S. Economic History
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WAR AND THE ECONOMY
(ISSUE)
Perhaps no other single activity has had a greater impact on the economy of the United States than war. But how war affected the economy of the nation changed drastically between the nineteenth and twentieth centuries. During the late eighteenth and nineteenth century, war sometimes obstructed and other times invigorated the national economy. But in the twentieth century war provided a consistent impetus for prosperity, at the same time that it tied the U.S. economy closer and more intricately to a global market, a world alliance, and a defense industry.
For many U.S citizens independence from Britain didn't provide all the solutions it appeared to have ...