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The economy is much larger today than back in the 1940s. My memory is something like 40% of the US economy was devoted to the war effort in WWII, while it would
by danieltillett 9y ago
The economy is much larger today than back in the 1940s. My memory is something like 40% of the US economy was devoted to the war effort in WWII, while it would have been a couple of percent at most for the Iraq war.
- cat199 9y agohttps://en.wikipedia.org/wiki/List_of_countries_by_military_expenditures https://en.wikipedia.org/wiki/List_of_countries_by_military_... Per this 2.2% of GDP in 2016 - after iraq with no 'hot' conflict. Google says 5.66% in iraq peak. Percentages of estimated net world defense spending in 2016: * US: ~36.2% of total world defense spending * China: ~12.7% * EU Countries listed: ~12.2% * Russia: ~4.5%