We discuss how the United States changed its approach to financing after the war, moving away from deficit spending and towards greater readiness in tax-based financing. This shift had a significant impact on the economy, as inflation rates increased due to the previous approach of deficit spending. The Vietnam War was much less expensive than World War II and the Korean War, as the US military spending was already high due to the Cold War with communist countries.
WhatsApp 0014702062832
Leave a comment