US History – 1945 to Present
Military spending refers to the financial resources allocated by a government to maintain and develop its armed forces, including expenditures on personnel, equipment, operations, and research. This allocation reflects a nation's priorities and strategies in addressing security threats and maintaining military readiness. During the early Cold War, military spending surged significantly in response to perceived threats, particularly during events like the Korean War and the influence of documents such as NSC-68.
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