Military Spending

Definition

Military spending refers to the financial resources allocated by a government for the maintenance and development of its armed forces. This includes expenses for personnel, equipment, operations, and research and development. During the New Deal era, military spending became a crucial element as the U.S. sought to stimulate the economy and prepare for potential global conflicts.

5 Must Know Facts For Your Next Test

1. During the New Deal, military spending increased significantly as part of efforts to revitalize the economy through job creation in defense industries.
2. The rise in military expenditures led to the establishment of numerous jobs, as factories converted to produce military equipment and supplies.
3. Increased military spending during the late 1930s was also a response to global tensions, particularly with the rise of fascism in Europe.
4. The U.S. government recognized that bolstering national defense could provide economic benefits while also preparing the country for potential involvement in World War II.
5. Military spending during this time laid the groundwork for post-war economic expansion and the growth of a robust defense industry.

Review Questions

• How did military spending during the New Deal contribute to job creation and economic recovery?
  • Military spending during the New Deal was instrumental in creating jobs as factories shifted production to meet the demands of the armed forces. This transition not only provided immediate employment but also stimulated related industries, including raw materials and logistics. The focus on military production helped lift the U.S. out of the Great Depression by injecting funds into the economy, making it a crucial element of Roosevelt's broader recovery strategy.
• Evaluate the impact of increased military spending on U.S. preparedness for global conflicts during the late 1930s.
  • The increased military spending in the late 1930s directly enhanced U.S. preparedness for impending global conflicts, particularly as tensions escalated with nations like Germany and Japan. By investing in military infrastructure and capabilities, the U.S. began to position itself as a more formidable force on the world stage. This investment not only aimed at deterrence but also ensured that if conflict arose, America would be ready to respond effectively.
• Assess how military spending during the New Deal shaped post-war economic policies in the United States.
  • Military spending during the New Deal significantly shaped post-war economic policies by establishing a strong defense industry that became integral to American economic growth. The emphasis on military production led to technological advancements that had civilian applications, fueling innovation in various sectors. Additionally, this legacy influenced future government spending priorities, with defense becoming a pivotal area of investment that contributed to sustained economic prosperity in the decades following World War II.

Related terms

New Deal:

A series of programs and policies established by President Franklin D. Roosevelt in response to the Great Depression aimed at economic recovery and social reform.

Defense Industry: The sector of the economy that produces goods and services for military purposes, including weapons, equipment, and technology.

Economic Stimulus: Government actions, such as increased spending or tax cuts, intended to boost economic activity and combat recession.