Vietnam War Cost Essay

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The Vietnam War was a war fought between North Vietnam and South Vietnam. It lasted from 1954-1975. North Vietnam was communist and South Vietnam was anti-communist. The U.S. didn’t like communist, and joined the war in 1965. The U.S.entrance into the war was a huge failure. They got nothing positive from the war, and they suffered greatly because they lost. They fought a costly war, and had many losses. During the war they lost soldiers, a vast amount of money and the great economy status, and the support of their citizens. The U.S. lost many things during the war, but the most important loss was the soldiers. Those lives can never be replaced. Hundreds of thousands lives were lost because of the war. There were 58,220 soldiers that died during combat, 1,672 was recorded as missing, and the ones who didn’t die were either wounded or ill(Rohn. How Much Did The Vietnam War Cost?[...]). 303,704 soldiers were wounded. A vast amount returned home …show more content…

The U.S. lost so much money and it hurt the economy drastically. From 1950-1952 the U.S. spent $50 million in military and economic aid to support nation-building and to fight the communist, North Vietnam, in South Vietnam.(CWA 4.1 pg.4) The Vietnam War crumbled America’s economy drastically. The U.S. had spent $168 billion on the war, and it killed the economy(Rohn. How did the Vietnam War affect America?[...]). When Lyndon B. Johnson decided to finance both guns and butter without a great increase on taxes, inflation increased greatly and kept rising. Johnson tried to introduce a 10% income tax surcharge but it was too late and it was ineffective. Extreme spending towards the war resulted in a poor balance of trade, and led to monetary crisis(Rohn.How did the Vietnam War Affect America?[...]). The U.S. was running out of money, and couldn’t afford the war any

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