Donate SIGN UP

Recession = War?

Avatar Image
flobadob | 02:02 Sun 08th Mar 2009 | Society & Culture
7 Answers
Is there any grounds to the theory that a major war always occurs after a recession? It's a theory that was put to me recently and I have not looked into it. I look forward to hearing your views on this.
Gravatar

Answers

1 to 7 of 7rss feed

Best Answer

No best answer has yet been selected by flobadob. Once a best answer has been selected, it will be shown here.

For more on marking an answer as the "Best Answer", please visit our FAQ.
wars cost money? Could the recession be due to the wars in the middle east?
Question Author
No, this recession came about because banks in America gave mortgages to people who could not afford their repayments(sub prime) and the whole thing spiralled from there.

The theory that was put to me was that through a major war you lower the social welfare population and then when it's over you create employment in construction as there's a lot of rebuilding to be done.

And arms, obviously.
we could do with national service/boot camp to din some respect into the hoodlums!
Sounds like a bit of a quack theory to me.
war is foreign policy by other means and is just a form of politics, it is on an economic level a huge raft of public spending.
You need to pay, clothe, equip and feed the troops this creates employment.
You're just as likely to find that recession follows wars, or even more likely, no correlation.
WWII is an example but is there another?

Was there a big recession before the first world war?

I think a better theory is that major wars follow arms races
Here in the U.S. we experienced severe recessions in 1973-74, 1982-84 and smaller one at the begiining ot 1991. The recession in the 1980's was actually more severe than what we are currently experiencing. None of these were followed by armed conflicts of any major porportion. You may actually be referring to a "Depression" as in the Great Depression of 1929 to 1941, which was certainly followed by WW II and ended the Depression. A case could be made for that instance, I think...
-- answer removed --

1 to 7 of 7rss feed

Do you know the answer?

Recession = War?

Answer Question >>