Afghanistan- the Economic Cost of War

Topics: United States, Al-Qaeda, Taliban Pages: 4 (1311 words) Published: October 3, 2011

Afghanistan- The Economic Cost of War
Melinda Tolar
MGT 250

Afghanistan- The Economic Cost of War


The September 11 attacks, often referred to as September 11th or 9/11, were a series of coordinated attacks by al-Qaeda upon the United States on September 11, 2001. Early on the morning of September 11, 2001, nineteen hijackers took control of four commercial airliners en route to San Francisco and Los Angeles…and the rest is history. On October 7, 2001 The United States responded to the attacks by launching the War on Terror, invading Afghanistan to expose the Taliban, who had harbored al-Qaeda terrorists, and enacting the USA PATRIOT Act.

The military budget is that portion of the budget that goes to any defense related expenditures. (Economy in, 2010). The economic cost of the conflict is unquestionably momentous. A war costing $2.4-trillion WILL affect most economies. The US economy has been under lots of pressure by the impact of the war. There is widespread apprehension resulting from the monthly spending to fund the war. The Afghanistan war has started a debate on how war expenditure impacts economic conditions of the nation. Does the war assist the economy like the spending during World War II unarguably ended the Great Depression? Or does it harm the economy through inefficient spending, as many observers have remarked about the first Gulf War? The report states that funding the war in Afghanistan has actually damaged the U.S. economy. This can be seen by observing its effects on all the aspects of the economy (Kaufman, 2009).

Literature Review

While historians have studied and commented on the many miscalculations committed during the war, very little has been written on flawed economic forecasts. Here are a few examples: Lincoln’s Secretary of the Treasury anticipated that the direct cost of the war North would be $240 million. This was almost 7% of the GDP...
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