3 ms·
Because there was no off ramp. War economy never has. It looks great while it's going though. Year Military Spending (billions of RM) % of GDP 1933 0.7 1.0%
by navane 7mo ago
Because there was no off ramp. War economy never has. It looks great while it's going though.
Year Military Spending (billions of RM) % of GDP
1933 0.7 1.0%
1934 4.0 5.1%
1935 5.5 7.0%
1936 10.3 12.2%
1937 11.5 12.7%
1938 17.2 17.2%
1939 38.0 23.0%
Did they build their military to go to war? Or were they force to go to war as the nature of their economy forced them?