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Is war good for the economy?

Economics Explained

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Introduction

The Great Depression and all the theories surrounding it deserve a video all of their own, which will be coming out in the next few weeks. What I want to focus on for today is what put an end to the economic decline. The economics of war are just as true today as they were back in the 1940s. Military recruitment in a lot of countries is intense and sometimes even mandatory. This is not because the military is desperately lacking personnel, but rather because the armed forces are a great opportunity for young men and womento achieve gainful employment.

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