War Economy - Negative Effects

Negative Effects

As mentioned above with Germany and its struggle to effectively allocate resources during World War I, many countries have experienced the negative effects of converting to a war economy. The citizens of any nation going to war must realize that their standard of living will decrease in order to provide more materials for the troops.

Read more about this topic:  War Economy

Famous quotes containing the words negative and/or effects:

    The idealist’s programme of political or economic reform may be impracticable, absurd, demonstrably ridiculous; but it can never be successfully opposed merely by pointing out that this is the case. A negative opposition cannot be wholly effectual: there must be a competing idealism; something must be offered that is not only less objectionable but more desirable.
    Charles Horton Cooley (1864–1929)

    Perspective, as its inventor remarked, is a beautiful thing. What horrors of damp huts, where human beings languish, may not become picturesque through aerial distance! What hymning of cancerous vices may we not languish over as sublimest art in the safe remoteness of a strange language and artificial phrase! Yet we keep a repugnance to rheumatism and other painful effects when presented in our personal experience.
    George Eliot [Mary Ann (or Marian)