Research Article

Is War Good for The United States: A Comparative Look at The U.S. and Ancient Rome Between Times of War and Conflict and the Economic Implications on Economic Well Being and Employment During Times of Peace Versus Conflict

Steven V. Cates
Purdue University Global, USA
* Corresponding author
Jason Jackson
Purdue University Global, USA
DOI icon 10.24018/ejbmr.2020.5.5.564

Read Counter
394

Downloads
495

Citations

Share

Article Sidebar

Submitted 2020-10-03
Published 2020-10-17

Read counter = 394 times

Table of Contents

Article Main Content

“War is an ugly thing, but not the ugliest of things: the decayed and degraded state of moral and patriotic feeling which thinks that nothing is worth a war, is much worse. This research analyzes existing data to review the impact on unemployment in the U.S. following each conflict and war it has been involved in. There is a comparison drawn to the Roman Economy and its dependence on war to and the economy of the U.S. and the causes of its ability to have economic success and the impact on unemployment of U.S. workers as a result.

Keywords: unemployment economy

References

  1. REFERENCES
     Google Scholar
  2. Temin, P. (2006). The economy of the early Roman Empire. The Journal of Economic Perspectives, 20(1), 133-151.doi:http://dx.doi.org.ezproxy.liberty.edu/.
     Google Scholar
  3. Cain, Louis P., Price V. Fishback and Paul W. Rhode, (2018), eds.The Oxford Handbook of American Economic History ,2 vol Oxford Up, pp. 961 pp.
     Google Scholar
  4. Santayana, G., (1905), Book of Common Sense, Internet Encyclopedia of Philosophy, https://www.IEP.com.
     Google Scholar
  5. Murphy, S., (2017), Other People's Money: How Banking Worked in the Early American Republic.
     Google Scholar
  6. Adams, J.P. (2010). Roman Census Figures. Found online at: https://www.csun.edu/~hcfll004/romancensus.html.
     Google Scholar
  7. Garnsey, P. & Rathbone, D. (1985). The background to the Grain Law of Gaius Gracchus. The Journal of Roman Studies, (Vol. 75, pp. 20-25).
     Google Scholar
  8. Aly, S. (2017). The Gracchi and the era of grain reform in Ancient Rome. Tenor of our times (journal): Vol. 6, Article 6.
     Google Scholar
  9. Hazlitt, H. (1971). Poor relief in Ancient Rome. Found online at: https://fee.org/articles/poor-relief-in-ancient-rome/.
     Google Scholar
  10. Hubbard, R. G., & Kane, T. (2014). Balance: The economics of great powers from ancient Rome to modern America.
     Google Scholar
  11. McCusker, John J. and Russell R. Menard. The Economy of British America, 1607–1789 (1991).
     Google Scholar
  12. Daggett, S. (2010), Congressional Research Service: Costs of Major U.S. Wars, Federation of American Scientists, viewed 1 October 2011, http://www.fas.org/sgp/crs/natsec/RS22926.pdf.
     Google Scholar
  13. Gordon, J., 2004), An Empire of Wealth: The Epic History of American Economic Power.
     Google Scholar
  14. Atack, J., Passell, P., (1994). A New Economic View of American History: From Colonial Times to 1940. New York: W.W. Norton and Co. ISBN 978-0-393-96315-1.1st edition
     Google Scholar
  15. Browning, Andrew H. (2019), The Panic of 1819: The First Great Depression, Comprehensive scholarly history of the era in the United States.
     Google Scholar
  16. Sellers, C., (1994), The Market Revolution: Jacksonian America, 1815–1846.
     Google Scholar
  17. Meyer, B. and MacGill, C., (1917), History of Transportation in the United States before 1860).
     Google Scholar
  18. Gordon, R. (2016). The Rise and Fall of American Growth. Princeton, NJ USA: Princeton University Press., ISBN 978-0-691-14772-7.
     Google Scholar
  19. Gordon, R., (2016), The Rise and Fall of American Growth: The U.S. Standard of Living since the Civil War.
     Google Scholar
  20. Fite, E., (1910), Social and industrial conditions in the North during the Civil War.
     Google Scholar
  21. Chernow, R. (2001), The house of Morgan: an American banking dynasty and the rise of modern finance.
     Google Scholar
  22. Faulkner, H. (1937), U. Economic history of the United States.
     Google Scholar
  23. Misa, T., (1995), A Nation of Steel: The Making of Modern America, 1865–1925.
     Google Scholar
  24. Carson, T., (1999), Gale Encyclopedia of U.S. Economic History.
     Google Scholar
  25. Garrett-Peltier, H. & Pollin, R. (2009), The U.S. Employment Effects of Military and Domestic Spending Priorities: An Updated Analysis, Political Economy Research Group (PERI), University of Massachusetts, viewed 1 October 2011, http://www.peri.umass.edu/fileadmin/pdf/published_study/spending_priorities_PERI.pdf.
     Google Scholar
  26. Soule, G., (1947), The Prosperity Decade: From War to Depression, 1917–1929.
     Google Scholar
  27. Cosgrove-Mather, B. (2009), Poll: Worries Over War And Economy, February 11, CBS News, http://www.cbsnews.com/stories/2003/02/13/opinion/polls/main540574.shtml.
     Google Scholar
  28. Woytinsky, W.S. (1995)), World commerce and governments: Trends and outlook , 907pp., United States Department of State , us.gov.
     Google Scholar
  29. Morris, C. (2017), A Rabble of Dead Money: The Great Crash and the Global Depression: 1929–1939, PublicAffairs, 389 pp.
     Google Scholar
  30. Labonte, M. (2004), CRS Report for Congress: Financing Issues and Economic Effects of American Wars, http://www.ndu.edu/library/docs/crs/ crs_rl31176_27apr04.pdf.
     Google Scholar
  31. Edelstein, M., (2000), War and the American Economy in the Twentieth Century, pp. 329-405 in S.L. Engerman and R.E. Gallman, eds. The Cambridge Economic History of the United States. Vol. III. The Twentieth Century. Cambridge University Press.
     Google Scholar
  32. Stiglitz, J. (2003). The myth of the war economy. Retrieved August 12, 2010, from The Guardian: http://www. guardian.co.uk/politics/2003/jan/22/iraq.economy.
     Google Scholar
  33. French, M., (1997), US Economic History since 1945.
     Google Scholar
  34. Wilson, C. (1981), Our Dance Has Turned to Death (Carol Stream, IL: Tyndale, pp. 84-85.
     Google Scholar
  35. Higgs, R. (2011). Depression, War, and Cold War: Studies in Political Economy. Oxford University Press. New York Institute for Economics and Peace.
     Google Scholar
  36. Walton, G. Rockoff, H., (2012), History of the American Economy with Economic Applications.
     Google Scholar
  37. Stiglitz, J. & Blimes, L. (2011) Estimating the costs of war: Methodological issues, with applications to Iraq and Afghanistan. Chapter 13, Oxford Handbook of the Economics of Peace and Conflict.
     Google Scholar
  38. Yarrow, A., (2006), "The big postwar story: Abundance and the rise of economic journalism.", Journalism History, 32.2, 58.
     Google Scholar
  39. BLS - Bureau of Labor and Statistics (2019). Unemployment rate: time series data. Found online at: https://data.bls.gov/timeseries/LNS14000000.
     Google Scholar
  40. BLS - Bureau of Labor and Statistics (2018). Employment status of the civilian population 1948 to date. Found online at: https://www.bls.gov/cps/cpsaat01.pdf.
     Google Scholar
  41. NBER - National Bureau of Economic Research (1957). The measurement and behavior of unemployment (pp. 215-216). Found online at: http://www.nber.org/books/univ57-1
     Google Scholar
  42. Vernon, J.R. (1994). Unemployment rates in Postbellum America: 1869-1899. Journal of Macroeconomics, (Fall 1994, Vol. 16, No. 4, pp. 701-714). Louisiana State University Press.
     Google Scholar
  43. Lebergott, S. (1964). Manpower in economic growth: The American Record since 1800. New York: McGraw-Hill Book Company.
     Google Scholar
  44. United States Department of Commerce (1949). Historical Statistics of the United States, 1789-1945. Found online at: https://www2.census.gov/prod2/statcomp/documents/HistoricalStatisticsoftheUnitedStates1789-1945.pdf.
     Google Scholar