How Did The Vietnam War Affect The Economy

The vietnam war was a long war between North and South Vietnam and America was the ally to South Vietnam to possibly stop the communism to take over the regime. America invested a lot of time and money into the process, only to be defeated. For the most part the Vietnam War had caused the United States major repercussions. The Vietnam War had established negative issues on the economy, foreign policy and immigration in the United States. The Vietnam War affected the U.S. economy in a negative fashion which ultimately led the country’s economy for the worst. “DEMOCRATS AND REPUBLICANS ignored the economic turmoil of 1971 during the presidential election of 1972. The scripts were written from memories of 1964 and 1968 and from consciousness of the overwhelming ascendancy of the Democratic Party” (Stein 51). The turmoil that arose from the election had most people in the democracy questioning it leadership and ability to manage funds. During this time the United States had poured about $168 billion into the war efforts which had set back the economy to decline for some time. Manufacturing plants that would
Before 1975, most Vietnamese immigrants living in the US were the wives and children of American servicemen or academics leaders. “The existence of a hierarchy of immigrant desirability and the increased importance of administrative, rather than legislative, regulations in immigration control also remain important continuities”(Hastedt).After receding from Vietnam, the vietnamese people were seen as refugees and due to America feeling responsible for making the south vietnamese people lose their loss homes, so in exchange the United States aided almost $405 million to the refugees and they were distributed all over the country. Even though many Americans resented the immigrants they were able to deal with the vietnamese people with barely any