Cold War

Loren Thompson - Eisenhower's 'Military-Industrial Complex' Shrinks To 1% Of Economy

Loren Thompson - Eisenhower's 'Military-Industrial Complex' Shrinks To 1% Of Economy

The United States did not have a large defense industry for most of its history. Because threats were episodic rather than continuous, the traditional practice was to mobilize the commercial economy for war production when danger arose, and then demobilize when it had passed.