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economics of war pepe unchain Bnb Eth XRP aave Bitcoin crypto futures

What is a war economy?

A war economy or wartime economy is the set of contingencies undertaken by a modern state to mobilize its economy for war production. Philippe Le Billon describes a war economy as a "system of producing, mobilizing and allocating resources to sustain the violence."

How did war affect the economy?

There was a time when war could be economically beneficial. In a mercantilist period before substantial trade, a way to improve the economy was to plunder wealth and land from other countries. So for example, the Viking invasions probably increased the wealth of the Viking economy in Scandanavia.

What is the history of wartime economies?

The United States has a very complex history with wartime economies. Many notable instances came during the twentieth century in which America's main conflicts consisted of the World Wars, the Korean War, and the Vietnam War .

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