As stated before America spent around 168 billion dollars on the war causing major a major inflation for American citizens. The 10% tax surcharge requested by President Johnson to pay for the war was to be in effect for two year or until the tax was no longer needed to support the war in America's efforts to win. Another major effect that the war had on America is that a lot of factories that used to be making consumer goods were now making military supplies to aid the war. America stopped making goods for its own people and started making equipment, weapons, and other supplies for another country’s war. During these times interest rates went up decreasing the money that consumers and businesses used.(How did the Vietnam War affect America?) All of the money being spent on the war was going overseas and none of it was
As stated before America spent around 168 billion dollars on the war causing major a major inflation for American citizens. The 10% tax surcharge requested by President Johnson to pay for the war was to be in effect for two year or until the tax was no longer needed to support the war in America's efforts to win. Another major effect that the war had on America is that a lot of factories that used to be making consumer goods were now making military supplies to aid the war. America stopped making goods for its own people and started making equipment, weapons, and other supplies for another country’s war. During these times interest rates went up decreasing the money that consumers and businesses used.(How did the Vietnam War affect America?) All of the money being spent on the war was going overseas and none of it was