Macro Economic Causes Of The Iraq War

Michael Kussmann
Mr. Pieppo
CIA 4U1
Thursday, October 25th, 2012
The Afghanistan and Iraq Wars as Contributing Factors to 2008 Recession
On December 1, 2008 the United States of America entered into the worst recession since the great depression. Although the leading cause of the recession was exuberance in the housing market, not much blame was placed on the billions of dollars spent on the wars in Afghanistan and Iraq. Originally thought to be quick fights, these long drawn out wars clearly had a negative impact on the U.S. economy. The negative economic ramifications of military spending in the Afghanistan and Iraq war were budget constraints, increased debt, a reduction in GDP, an increase in unemployment and higher oil prices.…show more content…
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