• Join over 1.2 million students every month
  • Accelerate your learning by 29%
  • Unlimited access from just £6.99 per month

This essay will analyze how economically smart war is, specifically World War I, from the view of the United States of America

Extracts from this document...

Introduction

Philip Madonna 1/5/2012 Economics War has been a part of the lives of people since history began. People have battled over different things, ranging from roaming rounds in prehistoric times to control of the world in present day. This essay will analyze how economically smart war is, specifically World War I, from the view of the United States of America. The US entered World War I in 1917; however, we entered the economic war long before that. The US had been supplying Europe with weapons, bullets, and other equipment into the war. ...read more.

Middle

This created an economic boom for 44 months from 1914-1918. This also eased the process of the US joining the war. It was not as economically straining to mobilize for war because some facilities that would be used for the war were already functioning close to the production possibilities curve. This means that the facilities were functioning at maximum efficiency. During this time period, the unemployment rate went from 7.9% to 1.4%, showing that as soldiers left to go overseas, jobs opened up on the home front. ...read more.

Conclusion

In my opinion, war has a greater value than the debts it creates. It is about ?flexing your military muscles? to make sure order is kept in the world. Some of the things that soldier?s lives are lost for are found many years later in the forms of our rights and freedoms and do not have a value that can be expressed in dollars and cents. Because these do not have prices, it is a personal opinion weather a war is economically worth the risk. However, I feel that it is worth being able to live the life that I have now than suffer under laws enforce upon our country by the would-be conquers of my homeland. ...read more.

The above preview is unformatted text

This student written piece of work is one of many that can be found in our International Baccalaureate Economics section.

Found what you're looking for?

  • Start learning 29% faster today
  • 150,000+ documents available
  • Just £6.99 a month

Not the one? Search for your essay title...
  • Join over 1.2 million students every month
  • Accelerate your learning by 29%
  • Unlimited access from just £6.99 per month

See related essaysSee related essays

Related International Baccalaureate Economics essays

  1. Extended Essay Economics

    88.63 122.33 93.87 (Manufacturas de Papel, C.A) The table above shows Manpa's profits in recent years. In 2007, profits increased quite a bit from 93.87 to 122.33 millions of Bs. Now in 2008, the profits are on track to increase once more. While a significant portion of these increased profits could be attributed to more efficient production,

  2. Extended Essay

    The conclusions reached through the analysis of these selections are summarized in the final chapter, in which the collected information is contrasted with an in-depth analysis of the situation. 1. Background of the study 1.1 The principles of the gas markets in the world and specifically in Hungary Most economies depend on natural gas and crude oil.

  1. LDC Essay Economics Aid

    1 However, many developing economies do not have the institutional framework they need to do this. They may not have a sufficient tax base to collect enough tax to help the least well off and so income distribution will often worsen considerably during the process of development.

  2. economics extended essay

    This research question helps one develop on the aspects of demand and market structure. One can examine the different strategies and policies used by local store owners to maintain or increase sale of jeans that might have affected due to the malls.

  1. Korean War

    Procedimiento 1. Lavar cuidadosamente los instrumentos y los recipientes necesarios, as� mismo las placas de los metales correspondientes. 2. Se deber� calibrar y conocer el voltaje utilizado para este experimento, siendo as� un valor aproximado de 1.3 V * Por medio de un amper�metro colocar los electrodos negativo y positivo

  2. 15 Historical Economic Questions on Mercatilism and the Development of European Countries.

    This regarded to skilled workers who refuse to work for the current wages. These market-regulating mechanisms are praised by the classical economist and are driven by the rational, self-interested decisions of the aggregate population driving all markets to their utmost efficiencies.

  • Over 160,000 pieces
    of student written work
  • Annotated by
    experienced teachers
  • Ideas and feedback to
    improve your own work