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What was the financial cost of the war in Vietnam to the US?
The war in Vietnam cost the United States $843.63 billion in 2019 dollars, or 2.3% of GDP in 1968.
How much money did the US spend on South Vietnam?
Approximately 58,000 American soldiers were killed and another 153,000 were wounded. During the Vietnam War, the USA spent $828 billion on its military. From 1965, it was spending more than $50 billion per year. The additional spending to fund the USA’s involvement in Vietnam has been estimated at $111 billion.
Who funded the Vietnam War?
North Vietnam was supported by the Soviet Union, China, and other communist allies; South Vietnam was supported by the United States, South Korea, the Philippines, Australia, Thailand, and other anti-communist allies.
How much did the Vietnam War cost the United States?
Economic Cost. The Department of Defense (DOD) reports that the United States spent about $168 billion (worth around $950 billion in 2011 dollars) in the entire war including $111 billion on military operations (1965 – 1972) and $28.5 billion on economic and military aid to Saigon regime (1953 – 1975).
How many Americans died in the Vietnam War?
Out of 2,594,000 personnel who served in Vietnam, there were 58,220 Americans dead , 153,303 wounded and 1,643 missing. More than 23,214 soldiers suffered one hundred percent disabled. Even when it already ended, the war continued to cost many American lives.
Why are VA costs for veterans of Vietnam so high?
Vietnam veteran costs are higher than other wars for three reasons. First, they are the first vets diagnosed with Post Traumatic Stress Disorder. 21 Called “shell-shock” in earlier wars, PTSD was recognized as a treatable disorder that the U.S. Department of Veterans Affairs should pay for.
What was the economic impact of the Vietnam War?
A democracy, backed by the United States, took the southern territory. As a result, North Vietnam became communist and South Vietnam based its economy on capitalism. But dividing the country had economic consequences. 4 The North had mineral resources and manufacturing industries.