America's economic way of war: war and the US economy from the Spanish-American war to the Persian gulf war Rockoff, Hugh

By: Rockoff, Hugh
Material type: TextTextSeries: New Approaches to Economic and Social HistoryPublisher: New York Cambridge University Press 2012Description: xii, 357 p. ISBN: 9780521676731Subject(s): War - Economic aspects - United States - History - 20th Century | History - United States - 20th CenturyDDC classification: 330.973091 Summary: How did economic and financial factors determine how America waged war in the twentieth century? This important new book exposes the influence of economics and finance on the questions of whether the nation should go to war, how wars would be fought, how resources would be mobilized, and the long-term consequences for the American economy. Ranging from the Spanish-American War to the Gulf War, Hugh Rockoff explores the ways in which war can provide unique opportunities for understanding the basic principles of economics as wars produce immense changes in monetary and fiscal policy and so provide a wealth of information about how these policies actually work. He shows that wars have been more costly to the United States than most Americans realize as a substantial reliance on borrowing from the public, money creation and other strategies to finance America's war efforts have hidden the true cost of war.
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Slot 561 (0 Floor, West Wing) Non-fiction 330.973091 R6A6 (Browse shelf) Available 180562

How did economic and financial factors determine how America waged war in the twentieth century? This important new book exposes the influence of economics and finance on the questions of whether the nation should go to war, how wars would be fought, how resources would be mobilized, and the long-term consequences for the American economy. Ranging from the Spanish-American War to the Gulf War, Hugh Rockoff explores the ways in which war can provide unique opportunities for understanding the basic principles of economics as wars produce immense changes in monetary and fiscal policy and so provide a wealth of information about how these policies actually work. He shows that wars have been more costly to the United States than most Americans realize as a substantial reliance on borrowing from the public, money creation and other strategies to finance America's war efforts have hidden the true cost of war.

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