How Did The Vietnam War Affect The Economy

The Vietnam War was a war they began in 1954 and lasted until 1975. It has become known as the “Longest and most controversial war in U.S history.” The United States became involved in Vietnam during the Truman administration to avoid having Vietnam go under a communist rule, like a majority of countries in Asia. The country of Vietnam divided into two in 1954 and separated itself into North Vietnam and South Vietnam. The two sides divided themselves on the “17th Parallel” when they signed a treaty at the Geneva conference. America chose the side of South Vietnam because they believed in anti-communism. North Vietnam favored a single communist government, like those of Russia and China. The United States wanted to avoid more countries becoming
After the United States removal of their forces in 1973, the war continued for two more years. It was finally ended when North Vietnam took control over South Vietnam in one last attack and created the “Socialist Republic of Vietnam” in 1976, while under communist control. The violence across Vietnam still continued for fifteen years with some of the neighboring countries. After the war, Vietnam had great problems with their economics, due to now living under a communist regime. It took until the year of 1986 for the economy to improve, and the main reason for that was due to the oil exports in the country. With Vietnam getting back into a solid economy, their trade and diplomatic relations began to improve. The United States relations with Vietnam returned by the 1990s, even though the U.S was still dealing with the effects of the
It showed us that we cannot succeed in every endeavor that we take on. It also showed us that a war that is not supported by its citizens will fail. The Vietnam War symbolized the United States falling to communism, because a North Vietnamese victory meant communism had won too. The end of this war also isolated the United States and threw the country into enormous debt. Losing this war left the lasting legacy on the U.S that would be remembered for decades after the immediate consequences of the war. The war also left scars on all of the hearts of American’s and Vietnamese that were involved in the conflict. The overall legacy of the war showed that the United States could not win without the support of the entire people and that it could not take out communism on its own. The whole country must want to get rid of communist beliefs in order to completely rid it. The Vietnam War was very exposing for America and will forever live in our memory’s as one of our most controversial, long, and impactful