• 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

    The first chapter of this Extended Essay contains background information on the subject, as well as a brief treatise on the principles of the market. Consideration is also taken of the changes made and proposed by the Hungarian government, detailed throughout the Essay by analysis and relevant information from interviews, questionnaires, and government publications.

  2. LDC Essay Economics Aid

    3 Particularly in an economically developing society in which the distribution of income is unstable, it is the main concern people are falling into poverty. Take the classic comparison of Zimbabwe and Indonesia, the date indicates that in Zimbabwe, some 36% of the population "receive incomes that leave them below

  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. 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. Extended Essay Economics

    Generally, the advantage of a fixed exchange rate is the clarity that it brings. Costs, revenues and profits are supposed to be clear and predictable making it simple for importers and exporters to calculate earnings. This in turn will encourage trade as well.

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

    Prior to the steam engine, the majority of industries still relied on wind and waterpower as well as horse and manpower for driving small machines. Industries were previously confined to certain locales; steam meant that factories could be built anywhere, not just along fast-flowing rivers.

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