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Although certain societies, especially nomadic raiders and mobile cavalry societies such as the Mongols, specialized in providing war-effort-like support for their armies, the idea of a specialized war effort that diverted supplies, means of production, and people to military support came into general use only with the increased specialization of the Industrial Revolution.
War is often used as a last-ditch effort to prevent deteriorating economic conditions or currency crises, particularly by expanding services and employment in the military and by simultaneously depopulating segments of the population to free up resources and restore the economic and social order. A temporary war economy can also be seen as a ...
Thus, effectively mobilizing economic resources to support the war effort is a complex process, requiring superior coordination and productive capability on a national scale. [19] Importantly, some scholars have argued that such large scale mobilization of society and its resources for the purposes of warfare have the effect of aiding in state ...
War usually leads to a shortage in the supply of commodities, which results in higher prices and higher revenues. Regarding supply and demand in terms of economics, profit is the most important end. During war time, "war-stuff" [15] is in high demand, and demands must be met.
Russia can sustain its war effort in Ukraine “for another two or three years” but will have to sacrifice “quality for quantity” as it replaces destroyed or damaged weapons with older ...
Clark, J. Maurice et al. Readings in the Economics Of War (1918) 703pp; short excerpts from primary sources on a very wide range of economic warfare topics online free; Dobson, Alan P. U.S. Economic Statecraft for Survival 1933–1991 (2003). excerpt; Duffett, Rachel, and Ina Zweiniger-Bargielowska, eds. Food and War in Twentieth Century Europe ...
The war bonds were debt securities that would be issued by the government to finance the military operations and defense mechanisms during the time of a war. In practice, war can be financed through the creation of a fresh money supply adding additional money to the financial system and the function of these bonds were to help to control the ...
Biden’s effort to rush more aid to both nations is being complicated by chaos in the House of Representatives, which is paralyzed by the divided Republican Party’s failure to elect a new ...