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The Economic Consequences of the Vietnam War
 
 
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The Economic Consequences of the Vietnam War [Paperback]

Anthony S. Campagna (Author)

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Book Description

March 30, 1991 0275933881 978-0275933883
It is only now, fifteen years after the end of the Vietnam War, that its full impact on the United States can begin to be measured. In this work, Anthony Campagna focuses on one aspect of the war's consequences: its short- and long-term effects on the U.S. economy. Detailing both the identifiable costs and the economic benefits, Campagna examines the increasing influence the war had on the economy as it progressed, and the immediate policy responses that formed the government reaction. The impact to the economic system is presented in a chronological fashion, describing how the economy was affected during the war years, and how, in the aftermath, it was permanently altered. The book addresses the costs and benefits of the war in a sequential manner, and is written in a non-technical style. The first section covers the historical background of the Vietnam War, centering on the Eisenhower and Kennedy administrations. A full description of the state of the economy prior to the war, and in the early stages of the conflict, is also provided. Section two details the effects of the war on the United States, beginning with its impact on the economy, social conditions, and the functioning of the Johnson administration. The longer term effects are addressed through the argument that the basic structure of the economy changed in the early stages of the war, while an assessment of the Nixon administration's handling of the war and economy completes the section. Finally, the third section offers an overall accounting of the war, examining the total economic costs and benefits as well as the post-Vietnam economy and society. This volume will be a valuable resource for a wide range of courses, including history, political science, economics, and sociology. It will also be an important addition to college, university, and public libraries.

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Editorial Reviews

Review

“This is, overall, a solid book. . . . When dealing with the American economy, however, he is on sure ground and the results are quite enlightening.”–Pacific Historical Review

About the Author

ANTHONY S. CAMPAGNA is Professor and Chair of Economics at the University of Vermont, where he specializes in macroeconomic theory and policy.

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Inside This Book (learn more)
First Sentence:
U.S. involvement in Vietnam began when the Truman administration promised to help the French continue their control in Indochina. Read the first page
Key Phrases - Statistically Improbable Phrases (SIPs): (learn more)
actual budgetary costs, guidepost program, defense obligations, conscription tax, core inflation, employment budget, cost push inflation, demand inflation
Key Phrases - Capitalized Phrases (CAPs): (learn more)
United States, New York, Southeast Asia, Federal Reserve, Government Printing Office, South Vietnam, Council of Economic Advisors, Department of Defense, Joint Economic Committee, World War, Economic Report of the President, Soviet Union, North Vietnamese, Grim Realities, Vain Hopes, Brookings Papers, Stanley Karnow, The Political Economy of Prosperity, Walter Heller, Arthur Okun, Doris Kearns, Monthly Labor Review, Social Security, Viking Press, New Viewpoints
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