BROWSE

War Economy

Definition

A war economy is the set of contingencies undertaken by a modern state to mobilize its economy for war production. Philippe Le Billon describes a war economy as a "system of producing, mobilizing and allocating resources to sustain the violence." Some measures taken include the increasing of Taylor rates as well as the introduction of resource allocation programs. Needless to say, every country approaches the reconfiguration of its economy in a different way.

What is 'War Economy'

The organization of a country's production capacity and distribution during a time of conflict. A war economy must make substantial adjustments to its consumer production in order to accommodate defense production. Governments must choose how to allocate their resources in a war ecomony very carefully in order to achieve military victory while meeting vital domestic consumer needs.

Explaining 'War Economy'

All of the major members of both the Axis and Allied powers had war economies during World War II. America's economic strength was a vital pillar that allowed the Allies to receive the money and equipment needed to defeat Axis.


Further Reading


Aid and transition from a war economy to an oligarchy in post-war Tajikistan
www.tandfonline.com [PDF]
… thinking became the driving force for the New Order in the area of politics, economics, finance, technology and … By analysing important fields and relationships among institutions before, during and after the war, he shows that Japan's wartime economy, sometimes called …

France's Occupation Costs and the War in the East: The Contribution to the German War Economy, 1940–4France's Occupation Costs and the War in the East: The Contribution to the German War Economy, 1940–4
journals.sagepub.com [PDF]
… thinking became the driving force for the New Order in the area of politics, economics, finance, technology and … By analysing important fields and relationships among institutions before, during and after the war, he shows that Japan's wartime economy, sometimes called …

Making a killing: criminality & coping in the Kivu war economyMaking a killing: criminality & coping in the Kivu war economy
www.tandfonline.com [PDF]
… thinking became the driving force for the New Order in the area of politics, economics, finance, technology and … By analysing important fields and relationships among institutions before, during and after the war, he shows that Japan's wartime economy, sometimes called …



Q&A About War Economy


What are some vital domestic consumer needs that must be met in a war ecomony?

Food, clothing, shelter, and health care are some vital domestic consumer needs that must be met in a war ecomony.

Who were the Bevin Boys?

The Bevin Boys were British conscripts who worked in coal mines during World War II.

What are some measures taken in a war economy?

Some measures include increasing interest rates and introducing resource allocation programs.

What is a war economy?

A war economy is the set of contingencies undertaken by a modern state to mobilize its economy for war production.

How does a war economy have to make substantial adjustments to its consumer production?

The consumer production must be adjusted in order to accommodate defense production.

Who was America's economic strength vital for during World War II?

America's economic strength was vital for the Allies' success against Axis powers.