How does a war affect the economy?

Throughout history, various civilizations and nations have pitted themselves against each other and engaged in war. The human cost of war can be truly devastating and can result in a huge loss of life – in World War I, for example, an estimated 16 million people were killed, and in World War II, anywhere between 50 to 85 million people lost their lives. Aside from the tragic human loss, war also greatly affects a nation’s economy. This article Continue reading “How does a war affect the economy?”