War and Business Talking About Term Paper

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Total Length: 1964 words ( 7 double-spaced pages)

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" In addition, the war in Iraq has been another opportunity to see the effects of the weapons of mass destruction, which have caused the death of approximately 300 Americans and of a countless number of Iraqi people, in the American Government's point-of-view.

Even though it has been sustained for many times that "the War of Terror" is useless and meaningless, many scholars, such as David Tufte, sustain that "The short-run impact of military spending is for a boost in GDP. In the long-run however, the effects from the current war with Iraq will depend on what happens with oil prices. Oil prices tend to have a very big impact on the economy. An escalating price per barrel of oil can trigger a recession."

What can be outlined from this is the fact that modern wars seem to have economic conflicts as their main cause: World War II occurred because of the wish of Hitler and, implicitly, of the Nazis, to lead the world and to transform Germany into the most powerful economic force; the Cold War as well occurred because Stalin wished Russia to receive more benefits from Germany as reparations after the war and in the end, the War in Iraq seems to have at its base the United States' aim to have access to the oil in the area. All in all, the modern wars have occurred from economic problems and have the greatest impact on the economic aspects of countries as well: the economies are affected, taxes people pay increase, budgetary deficits as well because of the need to improve the military forces.

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