Vietnam War Costs, 1965–75
| Fiscal Year | War Costs Only | Full War Costs |
|---|---|---|
| 1966 | 15,119,000,000 | 15,119,000,000 |
| 1967 | 17,161,000,000 | 22,180,000,000 |
| 1968 | 19,278,000,000 | 26,266,000,000 |
| 1969 | 19,762,000,000 | 26,461,000,000 |
Contents
How much did the Vietnam War cost in 1968?
The war in Vietnam cost the United States $843.63 billion in 2019 dollars, or 2.3% of GDP in 1968.
How much did us spend on war in 1968?
U.S. troop numbers peaked in 1968 with President Johnson approving an increased maximum number of U.S. troops in Vietnam at 549,500. The year was the most expensive in the Vietnam War with the American spending US$77.4 billion (US$ 576 billion in 2021) on the war.
How much money was spent by the US in the Vietnam War?
In the United States, the effects of the Vietnam War would linger long after the last troops returned home. The nation spent more than $120 billion on the conflict in Vietnam from 1965-73; this massive spending led to widespread inflation, exacerbated by a worldwide oil crisis in 1973 and skyrocketing fuel prices.
How did the US pay for the Vietnam War?
The Vietnam War was financed by higher tax rates and inflation. The Cold War Period was paid for by increased national debt and taxes.
What was the most expensive war in US history?
World War II
Though it lasted fewer than four years, World War II was the most expensive war in United States history. Adjusted for inflation to today’s dollars, the war cost over $4 trillion and in 1945, the war’s last year, defense spending comprised about 40% of gross domestic product (GDP).
How much did the Civil war cost in 1865 dollars?
The total cost of the Civil War is estimated at 15.5 billion dollars (costing 1.5 Billion dollars to the North and 4 Billion dollars to the South).
Cost of the Civil War.
| Subject | North | South |
|---|---|---|
| Total Strength July, 1861 | 219,400 | 114,000 |
| Total Strength January, 1863 | 962,300 | 450,200 |
| Peak Strength 1864-1865 | 1,044,660 | 484,800 |
| Army | 980,100 | 481,200 |
How much did the Vietnam War cost total?
The Vietnam War cost $168 billion or $1 trillion in today’s dollars. 19 That included $111 billion in military operations and $28.5 billion in aid to South Vietnam. Compensation benefits for Vietnam veterans and families still cost $22 billion a year.
How much did each country spend on World War 2?
The table above outline the approximate expenditures of various world nations during World War II. The U.S.A. spent the most on the war, just over 340 billion dollars.
World War Two Financial Cost.
| Country | Billions USD |
|---|---|
| United States of America | $ 341.491 |
| Germany | $ 270.000 |
| Soviet Union | $ 192.000 |
| China | $ 190.000 |
How much did the Vietnam War cost in 1966?
VIETNAM WAR COST $5.8-BILLION IN ’66; Spending Put at $1.1 Billion Above January Estimate VIETNAM WAR COST $5.8-BILLION IN ’66.
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 US spend on the Afghanistan war?
WASHINGTON – The U.S. government has never provided a full accounting of the costs of America’s so-called “forever wars” in Afghanistan and Iraq. But researchers at Brown University estimate that the U.S. has spent $5.8 trillion on the war in Afghanistan and other conflicts stemming from the Sept. 11, 2001 attacks.
How many Americans were killed in the Vietnam War?
58,220 American
The U.S. military reported 58,220 American casualties. Although North Vietnamese and Viet Cong casualty counts vary wildly, it is generally understood that they suffered several times the number of American casualties.
Is the US still paying for the Vietnam War?
It’s been 40 years since the U.S. ended its involvement in the Vietnam War, and yet payments for the conflict are still rising. Now above $22 billion annually, Vietnam compensation costs are roughly twice the size of the FBI’s annual budget.
WHO increased US troop strength in Vietnam to 500 000?
Lyndon B. Johnson
Shortly thereafter, Kennedy was assassinated. At the time of his death, there were more than 16,000 U.S. advisers in South Vietnam. Kennedy’s successor, Lyndon B. Johnson, rapidly escalated the war, which resulted in the commitment of U.S. ground forces and eventually more than 500,000 American troops in Vietnam.
How much is Vietnam debt?
In 2019, the national debt of Vietnam amounted to around 144.94 billion U.S. dollars.
What war cost the most American lives?
United States | Military History
The Civil War maintains the highest American casualty total of any conflict. In its first 100 years of existence, over 683,000 Americans lost their lives, with the Civil War accounting for 623,026 of that total (91.2%).
How much did soldiers get paid in Vietnam?
Vietnam War
New soldiers pocketing $78 would have a salary that equates to 642.71 now, while those with over four months of service who pocketed $83.20 were receiving the equivalent of $685.56 in today’s dollars.
What was the cost of the civil war in today’s dollars?
Military Costs of Major U.S. Wars
| Years of War Spending | |
|---|---|
| Civil War: Union Current Year $ Constant FY2008$ | 1861-1865 3,183 million 45,199 million |
| Civil War: Confederacy Current Year $ Constant FY2008$ | 1861-1865 1,000 million 15,244 million |
| Spanish American War Current Year $ Constant FY2008$ | 1898-1899 283 million 6,848 million |
How much was 10 dollars worth during the Civil War?
$10 in 1865 is worth $169.69 today
$10 in 1865 is equivalent in purchasing power to about $169.69 today, an increase of $159.69 over 156 years. The dollar had an average inflation rate of 1.83% per year between 1865 and today, producing a cumulative price increase of 1,596.87%.
How much debt did the US have after the Civil War?
The Civil War (1861-1865) alone is estimated to have cost $5.2 billion when it ended and government debt skyrocketed from $65 million to $2.6 billion. Post-Civil War inflation along with economic disturbance from Europe’s financial struggles contributed to the vulnerable economic climate of the late 19th century.
