How is the Vietnam War going to impact American life socially, politically, and economically?

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  The Vietnam War severely damaged the U.S. economy. Unwilling to raise taxes to pay for the war, President Johnson unleashed a cycle of inflation. The war also weakened U.S. military morale and undermined, for a time, the U.S. commitment to internationalism.

  Effects. U.S. gross domestic product by year reveals that the war boosted the economy out of a recession caused by the end of the Korean War in 1953. The Vietnam War accelerated the mechanization of the agricultural industry. 30   In 1970, 25% of the U.S. population lived on farms or rural communities.

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if you're talking about (ww2) they went bankrupt and their currency was worth nothing

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