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Politics : Formerly About Advanced Micro Devices
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To: Tenchusatsu who wrote (1104035)12/11/2018 3:19:29 PM
From: Wharf Rat  Read Replies (2) of 1579791
 
"How much devastation did World War II cause?"

To the US? Not all that much. Lives, ships, tanks, planes, but not much infrastructure.

The Institute for Economics and Peace is out with a monumental piece of research on how wars affect the US economy...Using data from the Bureau of Economic Analysis, figure one shows the composition of U.S. GDP in consumption, investment, government spending and net exports and imports in per-capita terms. It can be seen the war years of 1941 to 1945 saw one of the most significant short term increases in economic growth in the history of the U.S. economy. The top line in blue is GDP, and the increase around World War II is very visible. This was driven by government spending denominated in purple



businessinsider.com
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