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They include roughly 13M guns, howitzers, rifles, and carbines combined. World War II figures are particularly fascinating as they depict a war fought on the ground, in the air, and at sea using what was considered modern tools of war at the time. Even children bought war stamps to contribute the few pennies they could afford. Raising income tax for the wealthy and selling war bonds covered over 60% of costs and during that time income taxes rose 41% to 72% and 66% to 94% during those two separate periods.Ĭitizens bought $185.7+ billion worth of bonds at 75% face value, set to mature in 30 to 40 years with an estimated 4% profit for each person. More than $20 billion was raised to fight with the allies against the enemy during the first conflict for a single year.
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War Fundingĭuring the First and Second World Wars, funding came from two sources: bonds and taxes. citizens lament the many types of loss suffered by their service men and women on a war that has dragged on and on. War no longer unifies but divides a nation as U.S. Men and women have lost limbs, their eyesight, or been maimed in other ways both emotionally and physically, which is perhaps one reason why America seeks funding for their defense budget very differently from the way they sought money for the first two conflicts.
MAKING HISTORY THE SECOND WORLD WAR ACHIEVEMENTS PROFESSIONAL
That figure is significant: almost 10x the number of professional military personnel killed in action. There were also 200,000+ people wounded in action during the first conflict while over 52,000 people have been wounded during movements to fight terrorism. Those numbers drop significantly when calculating the death toll of America’s War on Terror to less than 7,000 service personnel. Casualties during those same time periods moved in a similar direction: numbers increased by nearly 400% during WWII over the numbers of men lost 30 years earlier, a figure made up of soldiers, naval officers, air force, and civilians.
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The number of men and women deployed to fight these wars during the same three periods was 4.7M, 12.2M, and 2.5M, respectively. Defense spending in the past 10+ years, however, has consumed more than 40% of the GDP at its peak. War spending in the first instance amounts to 14.1% and rises to 37.5% during the Second World War. Fifty-five years later, the cost of war has been much less: 1.5 to 1.7 trillion between 20 but the War on Terrorism is stretched out over a much longer period of time.Ĭonsider these figures in light of the Gross Domestic Product and budgets as they are established in each generation represented. The disparity in spending is partially explained by the fact that US soldiers fought for just a year during World War I, while they were actively engaged in fighting during the final 4 years of WW II. That amount rose to $4.1 trillion during the Second World War. Gathering financial facts regarding America’s brief involvement in World War I, historians can see that $334 billion was spent fighting the enemy (an amount adjusted to reflect inflation).