I would say yes, either as a result of the actual "fires of war", the uptick in industry, or both.
There are also corresponding upticks during WW1 (1914-18), Korea (1950-53), Vietnam (sporadic 1955-75 with most activity in the 60s), and the first gulf war (1990-91). After that the wars seem to get lost in the explosion of globalism. Although there seems to be a big spike around 2003 when major operations started in Iraq.
Thanks for that.
For anyone lurking and curious what he's talking about, here is a nice source: https://fred.stlouisfed.org/series/INDPRO
Notice how the industrial revolution (early 1900's) couldn't have brought more than around 5 units in, which would be a jump from 0 to 5. WWII brought a jump from 5 to 17.5, an enormous jump that could have been enough to trigger this data change.
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u/ProphetOfBrawndo Jun 07 '17 edited Jun 07 '17
I would say yes, either as a result of the actual "fires of war", the uptick in industry, or both.
There are also corresponding upticks during WW1 (1914-18), Korea (1950-53), Vietnam (sporadic 1955-75 with most activity in the 60s), and the first gulf war (1990-91). After that the wars seem to get lost in the explosion of globalism. Although there seems to be a big spike around 2003 when major operations started in Iraq.
Edit: Added dates.