To what extent did the war in Iraq affect America's economy? There is not an actually dollar amount, but it increased the GDP by one percent. The defense spending increased from 464,000 to 668,100. Inflation and interest rates became very high. Numbers also dropped military housing projects.
At the start of the war, the Bush administration predicted that it would cost around $50–60 billion in total. They were wrong by more than a factor of ten, sending the U.S.’ debt soaring, a condition that has yet to be rectified. According to a recent study, the war is set to have cost the U.S $2.2 trillion, though that number may reach up to $4 trillion thanks to interest payments on the loans taken out to finance the conflict. Of that staggering amount, at least $10 billion of it was completely wasted in rebuilding efforts.
Even worse, the war in Iraq caused the U.S. to take its eye off the ball in Afghanistan. Rather than following through, the Bush administration allowed the country to stagnate, prompting a Taliban resurgence beginning in 2004. As the West focused almost exclusively on Iraq, Taliban fighters imported tactics seen in Iraq to great effect, keeping the Afghan government weak and U.S.-led NATO forces on their heels. The result: the United States is still attempting to tamp down on Taliban momentum today.
No one knows with certainty how many people have been killed and wounded in Iraq since the 2003 United States invasion. However, we know that approximately 165,000 civilians have died from direct war related violence caused by the US, its allies, the Iraqi military and police, and opposition forces from the time of the invasion through April 2015. The violent deaths of Iraqi civilians have occurred through aerial bombing, shelling, gunshots, suicide attacks, and fires started by bombing.
According to a 2011 Iraq Body Count, between 103,013 and 112,571 Iraqi civilians died in the violence. Four thousand four hundred and eighty-three American soldiers were killed and 33,183 were wounded.
Iraq War, also called Second Persian Gulf War, conflict in Iraq that consisted of two phases. The first of these was a brief, conventionally fought war in March through April 2003, in which a combined force of troops from the United States and Great Britain invaded Iraq and rapidly defeated Iraqi military and paramilitary forces. It was followed by a longer second phase in which a U.S.-led occupation of Iraq was opposed by an insurgency. After violence began to decline in 2007, the United States gradually reduced its military presence in Iraq, formally completing its withdrawal in December 2011.
U.S. aircraft inflicted heavy damage on Republican Guard units around the capital. U.S. forces resumed their advance within a week, and on April 4 they took control of Baghdad’s international airport. Iraqi resistance, though at times vigorous, was highly disorganized, and over the next several days army and Marine Corps units staged raids into the heart of the city. On April 9 resistance in Baghdad collapsed, and U.S. soldiers took control of the city.
The number of Iraqis who died during the conflict is uncertain. One estimate made in late 2006 put the total at more than 650,000 between the U.S.-led invasion and October 2006, but many other reported estimates put the figures for the same period at about 40,000 to 50,000.
The war was a central issue in the 2004 U.S. presidential election, which Bush only narrowly won. Opposition to the war continued to increase over the next several years; soon only a dwindling minority of Americans believed that the initial decision to go to war in 2003 was the right one, and an even smaller number still supported the administration’s handling of the situation in Iraq.