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To What Extent Did Economic Considerations Influence The American Decision To Go To War In Korea?

2267 words - 9 pages

Although Acheson's "Defensive Perimeter" speech in Jan 12, 1950 did not include Korea, when the war broke out the US was involved immediately. The aim of this investigation is to find out to what extent did economic reasons influence the USA's decision to go to war in Korea. The main sources will be books that relate to the Korean War. Internet sources will be used if it is necessary for the summary of evidence. In B, the changes of the American economy will be after and before the involvement Korean War, Acheson's "defensive perimeter" speech, and the expansion of communism after WWII. Then I will evaluate the values and limitations of the two Korean books that relate to Korean War with regarding to the extent of economic reason for the USA involvement in Korean War. The possible political and economic reasons why the USA intervened in the Korean War will also be analysed before reaching a conclusion in E.B Summary of EvidenceThe economic situation of the USA from 1940 to 1953.The USA's economic situation was rapidly growing during the war with Japan because it had put much effort on military spending, and thus decreasing unemployment. However because of the surrender of Japan, the US's economy started to decrease again. The USA saw another chance to have economic growth due to the Korean War. Indeed, the USA's economy started to grow from 1950.The USA's declaration of war upon Japan in December 8, 1941 led to the growth of its economy. Industrial factories were at first slow to convert to military output, but by 1942, 33% of the economy was devoted to the war effort. Between 1941 and 1945 the US spent approximately $250 million a day in efforts to produce the military products to defeat its enemies. By the end of the war in 1945, farm income had more than doubled. Corporate profits rose by 70 percent over their 1940 level, and real wages of industrial workers increased by 50 percent. Perhaps most notably, the earnings of the bottom fifth of workers climbed 68 percent. Gross Domestic Product (GDP) nearly doubled, from $832 billion in 1940 to $1559 billion, measured in constant 1987 dollars. Living standards improved significantly.1Here is a statistical graph shows the change of unemployment rates before, after and during the WWII. It shows the war influence on the economy.EMPLOYMENT AND UNEMPLOYMENT, FISCAL YEARS 1940-1949(as percent of total [civilian plus military] labor force)FiscalYear NondefenseEmployment DefenseEmployment CivilianUnemployment(BLS concept)1940 82.4 1.8 15.71941 79.4 8.5 12.01942 67.3 25.7 7.01943 57.6 39.4 3.01944 58.4 40.3 1.31945 59.5 39.2 1.31946 88.5 8.9 2.61947 90.9 5.3 3.81948 90.9 5.3 3.91949 88.4 5.2 6.4Notes: Defense employment includes military personnel,...

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