5 datasets found
  1. Vietnam War: United States military expenditure 1964-1975

    • statista.com
    Updated Sep 2, 2024
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    Statista (2024). Vietnam War: United States military expenditure 1964-1975 [Dataset]. https://www.statista.com/statistics/1333806/us-military-expenditure-vietnam-war/
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    Dataset updated
    Sep 2, 2024
    Dataset authored and provided by
    Statistahttp://statista.com/
    Area covered
    United States
    Description

    Between 1964 and 1975, military spending by the U.S. government increased by almost 75%. This period was marked by the increasing U.S. involvement in the Vietnam War, on the side of the South Vietnamese regime against the communist-led government of North Vietnam. Following Congress' authorization of direct military action following the Gulf of Tonkin incident in August 1964, military spending began to rise rapidly as the U.S. stationed ground troops in Vietnam and began Operation Rolling Thunder, at that time the largest bombing campaign in history.

    Following the Tet Offensive by North Vietnamese forces in 1968, the U.S. began to scale back its involvement in the conflict, in a process known as 'vietnamization', whereby the Southern Vietnamese forces increasingly took charge of the war. The United States largely ceased military operations by the end of 1973, and the final U.S. service personnel left with the Fall of Saigon in 1975.

  2. Vietnam War: military and non-military spending by the federal government...

    • statista.com
    Updated Jul 29, 2008
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    Statista (2008). Vietnam War: military and non-military spending by the federal government 1964-1975 [Dataset]. https://www.statista.com/statistics/1334861/vietnam-war-us-government-spending/
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    Dataset updated
    Jul 29, 2008
    Dataset authored and provided by
    Statistahttp://statista.com/
    Area covered
    United States
    Description

    Outlays by the United States federal government were roughly evenly split between military and non-military uses in the early years of the Vietnam War. Both military and non-military spending increased from 1966 until 1969, as the U.S. military was engaged in the heaviest phases of fighting in the war, and as President Lyndon B. Johnson's 'Great Society' social programs came into effect. As the conflict in Southeast Asia began to die down after 1970, military expenditures were drastically curtailed, while other forms of government spending continued to increase into the 1970s.

  3. Korean War: Annual U.S. military expenditure during Korean War from 1950 to...

    • statista.com
    Updated Sep 2, 2024
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    Statista (2024). Korean War: Annual U.S. military expenditure during Korean War from 1950 to 1953 [Dataset]. https://www.statista.com/statistics/1344315/us-military-expenditure-korean-war/
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    Dataset updated
    Sep 2, 2024
    Dataset authored and provided by
    Statistahttp://statista.com/
    Area covered
    United States
    Description

    The United States became involved in the Korean War in 1950, as it led a UN military force which entered the war on the side of the Republic of Korea (South Korea) against the communist forces of the Democratic People's Republic of Korea (North Korea), and later the People's Republic of China. The war was fought in the context of the Cold War, the period of heightened geopolitical tensions and rivalry between the world's two military and economic superpowers, the United States and Soviet Union. U.S. military expenditures and Korea During this period the two sides engaged in a number of proxy conflicts, rather than fighting a direct war (hence the 'cold' war), of which the Korean War was one of the most consequential. The war killed at least 1.5 million people and has led to the Korean peninsula being divided between the North and South to this day. In order to maintain large standing armies, fund innovations in military technologies, and to support allied regimes, both sides spend vast sums of money on military expenditures during the Cold War. Annual U.S. military expenditure more than doubled over the course of the Korean war, from less than 15 billion U.S. dollars to over 50 billion. This expansion of military expenditures would be repeated during the Vietnam War (1964-1975) and in periods of heightened competition in military technologies with Soviet Union (particularly the early 1980s).

  4. Vietnam War: U.S. inflation and budget deficit from 1964 to 1975

    • statista.com
    Updated Jul 29, 2008
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    Statista (2008). Vietnam War: U.S. inflation and budget deficit from 1964 to 1975 [Dataset]. https://www.statista.com/statistics/1334878/vietnam-war-key-inflation-budget-deficit/
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    Dataset updated
    Jul 29, 2008
    Dataset authored and provided by
    Statistahttp://statista.com/
    Area covered
    United States
    Description

    The United States economy began to experience a period of higher inflation at the end of the 1960s. This trend marked the end of what was termed the 'Golden Era of Capitalism', a period following World War II in which the United States experienced historically unprecedented annual growth rates, along with low inflation and unemployment. While the causes of this inflation are debated, expansionary fiscal policy related to the Vietnam War at a time of full employment in the early 1960s likely contributed to rising price levels. Taxes were not raised to compensate for the increased costs of the war until 1968, at which point inflation had already climbed to 3.6 percent. On the other hand, military spending was small compared to overall U.S. GDP during this period, reaching a peak of 9.8% in 1968, indicating that military spending alone cannot explain the rising inflation rate. The sharp uptick after 1973 came as a result of the 1973 Arab-Israeli War in the Middle East, where Arab countries implemented an oil embargo against the United States for its support of Israel, and the price of oil rose exponentially.

  5. o

    Data from: A Defense-Adjusted National Accounting of the US Economy and its...

    • openicpsr.org
    Updated Jan 29, 2025
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    Vincent Geloso; Chandler S. Reilly (2025). A Defense-Adjusted National Accounting of the US Economy and its Implications, 1791-2023 [Dataset]. http://doi.org/10.3886/E217062V1
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    Dataset updated
    Jan 29, 2025
    Dataset provided by
    George Mason University
    Metropolitan State University of Denver
    Authors
    Vincent Geloso; Chandler S. Reilly
    License

    Attribution 4.0 (CC BY 4.0)https://creativecommons.org/licenses/by/4.0/
    License information was derived automatically

    Area covered
    United States
    Description

    This paper revisits the assessment of living standards in the United States from its founding to the present, challenging the conventional portrayal of economic well-being during wartime periods. Reflecting multiple criticisms made of the quality of national accounts which include defense spending during times of both peace and war, we employ the methodological framework established by Higgs (1992) and extended by Geloso and Pender (2023) to correct national accounts by subtracting military expenditures from GDP and GNP data. This rectifies the overstatement of living standards attributed to defense spending. Our analysis uses comprehensive data from the Historical Statistics of the United States and the Measuring Worth database, adjusting for price controls during World Wars I and II, the Korean War, and the Vietnam War using a corrected price deflator based on a regression model of economic indicators. The study finds that traditional measures significantly overstate living standards during the Civil War, World War I, and World War II. Post-World War II analysis reveals a persistent overestimation of living standards, particularly pronounced during the Vietnam War years. More importantly, our results provide nuanced insights into certain stylized facts of trends in American improvements of living standards (notably inequality and the Great Depression).

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Statista (2024). Vietnam War: United States military expenditure 1964-1975 [Dataset]. https://www.statista.com/statistics/1333806/us-military-expenditure-vietnam-war/
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Vietnam War: United States military expenditure 1964-1975

Explore at:
Dataset updated
Sep 2, 2024
Dataset authored and provided by
Statistahttp://statista.com/
Area covered
United States
Description

Between 1964 and 1975, military spending by the U.S. government increased by almost 75%. This period was marked by the increasing U.S. involvement in the Vietnam War, on the side of the South Vietnamese regime against the communist-led government of North Vietnam. Following Congress' authorization of direct military action following the Gulf of Tonkin incident in August 1964, military spending began to rise rapidly as the U.S. stationed ground troops in Vietnam and began Operation Rolling Thunder, at that time the largest bombing campaign in history.

Following the Tet Offensive by North Vietnamese forces in 1968, the U.S. began to scale back its involvement in the conflict, in a process known as 'vietnamization', whereby the Southern Vietnamese forces increasingly took charge of the war. The United States largely ceased military operations by the end of 1973, and the final U.S. service personnel left with the Fall of Saigon in 1975.

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