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Mon 31 Mar, 2003 08:31 am
Edit [Moderator]: Moved from North America to Business & Marketing.
The US's first Gulf War cost $76.1 billion IN TODAY'S DOLLARS, just 1 percent of the annual gross domestic product (GNP). The Civil War and World War II cost more than a year's worth of the GDP.
WAR COSTS AS A PERCENT OF ANNUAL GDP COMPUTED IN 2002 DOLLARS:
Revolutionary Wars: $2.2 billion - 63% of GNP (US victory)
War of 1812: $1.1 billion - 3% of GNP (US victory)
Mexican War: $1.6 billion - 3% of GNP (US victory)
Civil War: $62 billion - 104% of GNP (US Northern victory)
Spanish American War: 9.6 billion - 3% of GNP (US victory)
World War I: $190.6 billion - 24% of GNP (US-allies victory)
World War II: $2.9 trillion - 130% of GNP (US-allies victory)
Korean War: $335.9 billion - 15% of GNP (US-allies ceasefire ongoing)
Vietnam War: $494.3 billion - 12% of GNP (US-allies defeat)
First US Gulf War: $76.1 billion - 1% of GNP (US-allies ceasefire ongoing)
Second US Gulf War: ? ? (ceasefire fails, fighting resumes)
I don't have any data for other US wars, such as Grenada, Panama and Haiti, and in the Balkans and the African continent.
---BumbleBeeBoogie
BBB, do you rememebr where you got this? I was once searching Google for some stats on the Korean War and Google led me here.
Craven
Craven, its been so long ago I don't remember where I got the info, but I will try to nudge my memory to see if there is any life there.
BumbleBeeBoogie
craven
craven, I found the source for my war cost comparison post - its at the end of the artticle ---BBB
http://www.csmonitor.com/2003/0127/p25s02-usec.html
Craven
Craven, you are most welcome, but can you take your mind off of nekkid ladies long enough to read the data?
BumbleBeeBoogie
I can always multi task. ;-)
Mmm data. Thank you!
Nice. :-)
I enjoy looking at figures.
Now I just need a couple more sources...
Does anyone have current figures on the cost of the war as a percentage of GNP (based on both Bush and kerry estimates of 120 & 200 mil respectively?
Also, Does anyone have figures on the percentage of US military weapons that are produced overseas (vs. in America)?