The U.S. Economy and the Vietnam War

Paper Summary:

This paper reviews different literature discussing the economic implications of the Vietnam War on the U.S. Economy. The books analyzed are "Lyndon Johnson and The Wars for Vietnam", "Nixon's Economy: Booms, Busts, Dollars, and Votes", and "The Economic Consequences of the Vietnam War". The paper concludes with the finding that the U.S. economy was significantly damaged by American involvement in the war and that American presidents of that period were aware of the damage being done to the economy but pursued war nonetheless.

From the Paper:

"Perhaps the most eloquent work in this regard is that of Anthony Campagna (1991) with his book titled "The Economic Consequences of the Vietnam War." Campagna in this book traces the historical performance of the US economy along with the country's involvement in the unwanted War. According to him the US involvement began during the Truman administration when the US promised to help the French government in their governance of the Indochina region. The US after the World War II followed a containment of Communism foreign policy and to help the French meant containment of the Asian and China region effectively."

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