Economic recession and the relationship with War
Even though various governments have infused around $10 trillion by way of bailout packages and lowered interest rates to near zero levels, the world economy has failed to emerge from the clutches of recession. In fact, the situation is turning worse. History shows that war always follows slowdown or recession. And given the somber geo-political situation across the globe, some economists and analysts feels that the world may well be headed in this direction. After the 1797's economic deflation, there was war between US and France from 1798 to 1800. The war between US and Great Britain in 1812 followed the depression in 1807-1808. The long depression of 1873-1879 paved the way for war between US and Spain and the First World War which lasted till 1918. The Second World War was followed by the Great Depression of 1929-1939. The early 1990's recession again put US on the war front against the Iraq. History shows that most of the wars have followed the economic crisis-- there are ...