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In addition, the unique mental state of our population during war time creates a different spending pattern. From World War II to our current presence in Iraq today, war time has made a distinct impression on our economy. Wartime has been both positive and negative for our economy. World War II, in a sense, dug us out of the Great Depression, while the Vietnam War increased our deficit.
The first aspect of War time and economy to review is our approach to the guns and butter model. The guns and butter model is defined as the economical approach that the government takes when deciding on the percentage of funds to spend on our military versus the percentage of funds to spend on civilian goods...
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