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the eco of war

            The United States Economy is being negatively impacted by the prospect of war with Iraq. Many times uncertainty about the future has an even more negative effect on the economy than being involved in the actual war. This seems to be the case with the United States as we continue to anticipate a change in our country's status. The American people are reluctant to spend money, particularly in regards to high ticket items such as houses and cars, when they are not sure of their potential earnings in a wartime climate. Even Alan Greenspan cautions the Senate Banking Committee that the potential war against Iraq is "the single biggest threat to economic health". Ironically, as governments global spending goes up when the prospect of war looms, the individual tends to curb their spending. When considering the possible scenarios regarding a war with Iraq which include a quick war that does not impact oil prices, a long, drawn-out war with sends oil prices way up, and doing nothing but talking about the possibility of a war, the most negative impact for both the US economy and overall global economics is the prospect of neither a war, nor peace and continuing discussions with no end in sight.
             Oil prices would probably go up when the war with Iraq began but much depends upon how OPEC members react. If they choose to cut their output, prices will initially rise but eventually stabilize at an acceptable rate of around $40.00 a barrel. If the OPEC members choose to flood the market with crude oil which would create a surplus, prices of oil would be deflated. Saudi Arabia and the entire Gulf region has been jolted by the events of September 11. Many countries have been reluctant to invest in the Arab countries and have curtailed their lending in regards to most investment activities in the area. The economy of the Arab nations has been nearly frozen since the attacks on the World Trade Centers.


Essays Related to the eco of war

1. The Politics of Ronald Reagan

Actions, characteristics, and traits can all be associated to the five Eco-Systems. ... Eco-Map: Psycho Ronald Reagan wasted no time in institutionalizing the new conservative creed. ... These funds were used to interfere in Grenada and El Salvador, and aided pay an undercover war against the revolutionary government of Nicaragua. As expected from a timid Liberal Congress, funding for the Nicaraguan war was blocked. ... The assassination attempt on Reagan has exposed some of the traits in the psycho section of the eco system. ...

  • Word Count: 2371
  • Approx Pages: 9
  • Has Bibliography
  • Grade Level: Undergraduate

2. The Environmental Movement of Going Green

The term "going green" when discussing eco-friendly living is fairly new, but the Environmental Movement is quite old. ... The United States entered the Second World War and used a nuclear weapon for the first time in history. ... A vast amount of people was concerned with the threat of a nuclear war and its effect on the environment as well as generations to come. ... However, it was not until the 1970's did the German Anti-Nuclear War Protest take place and serve as the catalyst for the Environmental Movement (2). ... One way to appear eco-friendly is by going green. ...

  • Word Count: 2042
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3. German Greens

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  • Word Count: 1917
  • Approx Pages: 8
  • Has Bibliography
  • Grade Level: Undergraduate

4. Book Report on Ecotopia

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  • Word Count: 755
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5. Legalizing and Regulating Marijuana

Yes I will agree that if any of these substances are abused, various negative effects can affect the user, but with marijuana (with the proper funding from the government) can be used for medical benefits, money used toward the "War on Drugs" can be used somewhere more of a necessity, decrease crime rate, and mounts of money to the economy if legalized. ... The United States spends more than $51 million annually on the war on drugs (DWS). 1.5 million People was arrested in 2012 on nonviolent drug charges (DWS), many of which are college students that have lost their federal financi...

  • Word Count: 847
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6. Federal Budget Deficit

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  • Word Count: 1584
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7. Gm

The following are some of the highlights of GM's history: In 1948 during WWII, GM delivered more than $12,300,000,000 worth of war material to lead the Allied war effort, including airplanes and parts, trucks, tanks, marine diesels, guns, shells, and other miscellaneous products. ... o Sales exceed 350,000 vehicles outside of the U.S. and Canada 1940 GM celebrates production of its 25th millionth car 1942 GM converts 100% of its production to the war effort. 1948 During WW II, GM delivers more than $ 12,300,000,000 worth of war material to lead the Allied war effort, includi...

  • Word Count: 2039
  • Approx Pages: 8
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  • Grade Level: High School

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