Economic Effects Of The Iraq War

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The most impacting effect of the war was economical. When the U.S. bombed factories in Kuwait when it was controlled by Iraq, a lot of money was lost costing Kuwait. Also, as the Iraqi troops withdrew from Kuwait, they destroyed over 700 oil fields costing Kuwait billions of dollars in oil and equipment. They also destroyed oil refineries, pipelines, and other infrastructure. However, Iraq also lost a lot of money due to their military losses as well as when the U.S. bombed their factories. Finally, Iraq lost 2 billion dollars when they were charged with the damage they had done. However, this war’s effects were not confined to the Middle East. This also impacted oil prices around the world. The economic problems of Iraq and Kuwait caused