wartime economy
Guns over butter
A wartime economy is a nation's economic system reorganized around military needs during armed conflict.
Governments typically redirect industrial production toward weapons and supplies, impose rationing on civilians, and expand state control over labor and resources.
The wartime economy brought full employment but severe shortages of consumer goods.
- war bondsGovernment debt for combat
- rationingLimiting distribution during scarcity
- ration booksWartime supply allocation documents
- conscriptionMandatory military enrollment
- price controlsMandated limits on charges
war profiteering · munitions factories · deficit spending · guns and butter · volunteerism · black markets · aircraft production · World War II · supply chain management · conversion · shipbuilding · stockpiling · embargoes · full employment · central planning · technological innovation · recycling programs · propaganda campaigns
- wartimerationing, war bonds, war effort, evacuations, war rationing
- economic historystock market crash, Industrial Revolution, trade routes, Great Depression, gold standard
- China WWIIFlying Tigers, Chongqing, Burma Road, Chiang Kai-shek, Kuomintang
- Colonial KoreaJapanese occupation, Japanese rule, colonial rule, occupation period, independence movement
- war mobilizationmobilization, troop mobilization, military draft, selective service, mobilization orders
- Wartime JapanEmperor Hirohito, Hirohito, militarism, Pacific War, Pearl Harbor
wartime economyfree market economy
market economy · private enterprise · peace dividend · open market