3 ms·

It's called a peace dividend

• bell-cot 3y ago
  By the politicians, yes, it is. But if you look at the older history - the U.S. did not shut down & sell off its navel shipyards in response many previous outbreaks of peace - after the Revolutionary War, or the War of 1812, or the Civil War, or the Spanish-American War, or WWI, or WWII, or the Korean War, or ... But sadly, Wall Street was ascendant in the 90's, the proud old tradition of leading American families sending their sons server in the military was pretty well faded, and the Clinton Administration was a hot mess of noobs - convinced that the world was brand shiny new, that they were geniuses, and that smooth-talking Capitalists were perfectly competent and trustworthy. Edit: Okay, yes, some of the shipyards were closed (or effectively so) in the very late 1960's and 1970's.