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War profiteering

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255: 436: 834:, which Foster denied as a "malicious falsehood!", began to spread that Foster and others were profiteering from the socks. It was alleged that the socks contributed were being sold, rather than given to the troops. The charge was not without precedent. The historian Jeanie Attie notes that in 1861, an "especially damaging rumor" (later found to be true) circulated in the North, alleging that the Union Army purchased 5,000 pairs of socks which had been donated, and intended for the troops, from a private relief agency, the 810:. He wrote that some companies and corporations increased their earnings and profits by up to 1,700 percent and how many companies willingly sold equipment and supplies to the US that had no relevant use in the war effort. In the book, Butler stated that "It has been estimated by statisticians and economists and researchers that the war cost your Uncle Sam $ 52,000,000,000. Of this sum, $ 39,000,000,000 was expended in the actual war period. This expenditure yielded $ 16,000,000,000 in profits." 77: 140: 503: 1130: 36: 838:. As the Sanitary Commission had done in the North, Foster undertook a propaganda campaign in Georgia newspapers to combat the damaging rumors and to encourage the continued contribution of socks. He offered $ 1,000.00 to any "citizen or soldier who will come forward and prove that he ever bought a sock from this Department that was either knit by the ladies or purchased for issue to said troops." 382: 1903: 908:
was reported to be ecstatic when hearing that the United States was going to go to war with Iraq. "He and some of his top executives were really gung-ho about the war," said a former employee. "Brent said this would create new opportunities for the company. He was really excited about doing business
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concluded that this demonstration was staged by marking the parts beforehand, so they were not as interchangeable as he made them seem. Eventually Whitney was able to accomplish his goal of 10,000 muskets with interchangeable parts at a relatively low cost in the next eight years, and later produced
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wrote that "These numbers suggest that it is incorrect to conclude Afghanistan War was a failure. On the contrary, from the perspective of some of the most powerful people in the U.S., it may have been an extraordinary success. Notably, the boards of directors of all five defense contractors
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served as Halliburton's CEO from 1995 until 2000. Cheney claimed he had cut ties with the corporation although, according to a CNN report, "Cheney was still receiving about $ 150,000 a year in deferred payments." Cheney vowed to not engage in a conflict of interest. However, the Congressional
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that would benefit Lockheed Martin. This decision was made as a direct result of the influence of Lockheed Martin. Politico has stated Rep. Thornberry is the "highest overall recipient of contractor contributions among all of the 89 members of the House and Senate Armed Services Committees."
1907: 662:. Dishonest military personnel given oversight over valuable property sometimes diverted rationed goods to the black market. The charge could also be laid against medical and legal professionals who accept money in exchange for helping young men and nascent politicians evade the draft. 792:
intended to create criminal penalties for war profiteers and others who exploited taxpayer-funded efforts in Iraq and elsewhere around the world. This act was introduced first on April 25, 2007, but was never enacted into law. War profiteering cases are often brought under the Civil
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Though war initially had the objective of territorial expansion and resource gathering, the country may also profit politically and strategically, replacing governments that do not fulfill its interests by key allied governments. One example of this is the CIA supporting the
711:. The United Fruit Company had significant holdings within Guatemala and when the government decided to compete with the company this would not be accepted. Numerous officials such as President Eisenhower's Under-Secretary of State (and formerly director of the CIA) 719:
was successful and the United Fruit Company was able to keep its holdings within Guatemala thus ensuring its profits were secure. This is typical of the sort of engagements that the U.S became involved in during the cold war that resulted in war profiteering.
1369:, a coastal city catering to the galaxy's rich and elite. Finn is initially mesmerized by the city's glitz and glamour until Rose informs him that most of the city's inhabitants are war profiteers, having made their fortunes selling weapons and ships to the 821:
attempted to increase the supply of material to the troops by urging the women of his state to knit 50,000 pairs of socks. Foster's sock campaign stimulated the supply of the much needed item, but it also met with a certain amount of suspicion and
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received a government contract to manufacture 10,000 muskets in less than two years. After failing to produce a single musket, he was called to Washington to defend his expenditure of the treasury funds before a committee that included both
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War provides demand for military technology modernization. Technologies originally designed for the military frequently also have non-military use. Both the state and corporations have gains from scientific research. One famous example is
707:. The process began with the United States labeling the government of Guatemala as a communist government. According to William Blum the reason for the United States’ intervention into Guatemala is that it was pushed by lobbyist from the 947:. Dick Cheney then goes to work for Halliburton. Makes hundreds of millions of dollars- their CEO. Next thing you know, he's back in government, it's a good idea to go into Iraq." Another prominent critic is Huffington Post co-founder, 1381:
shows Finn that the owner of the ship they're on made his profit selling weapons to the good guys (the Resistance) and the bad (the First Order). DJ then tells Finn that "it's all a machine" and that he should "Live free, don't join."
901:. Financial disclosure forms indicate that as of January 2020 51 members of Congress and their partners own between $ 2.3 and $ 5.8 million of stock in the top 30 corporations that sell goods and services to the U.S. military. 741:
after he worked as a lobbyist for Raytheon. This example shows the process of a person joining the government, then being hired as a lobbyist, and back to government. The revolving door is still in existence to this day.
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in which Cheney said invading Iraq "would be a disaster, it would be vastly expensive, it would be civil war, we'd have no exit strategy...it would be a bad idea". Rand continues by concluding "that's why the first
1144: 1191:. The image of the 'businessman profiteer' carries the implication of influence and power used to actively cause wars for personal gain, rather than merely passively profit from them. In the aftermath of 590:, including civilian contractors, are businesses that supply weapons and training to the military, and also handle logistics and base management. While private military contractors may seem similar to 475:
A prominent example of the impact arms-producing industries have over American policy is evident in the case of Lockheed Martin donating $ 75,000 to House Armed Services Committee chair Representative
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and other "friendly" gas supplier nations that they were profiting from the Ukraine war with "astronomical prices". He called for more solidarity by the US to assist energy-pressed allies in Europe.
1823: 456:. Believing to demonstrate the ingenuity of interchangeable parts, Whitney earned widespread support and has been incorrectly credited with inventing the idea of interchangeable parts. However 2753: 2722: 2813: 3031: 1140: 2624: 579:, oil production was controlled by the Iraqi government, and was off limits to Western companies. As of 2014, foreign owned private firms dominate Iraqi oil production. 2775: 514:
Currently, the United States is the world's largest weapons manufacturer and exporter, followed by Russia, France, Germany, China and the United Kingdom consecutively.
2918: 1072:– that dominate world agricultural commodity trading. The ABCD commodity-trading companies have seen large profits as a result of the Russian invasion of Ukraine and 729:
in 2011 the top 100 largest contractors sold 410 billion dollars’ worth of arms and services. Within this massive expense of services has evolved what is called the
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A distinction can be made between war profiteers who gain by sapping military strength and those who gain by contributing to the war. For instance, during and after
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Research Office discovered Cheney held 433,000 Halliburton stock options while serving as Vice President of the United States. 2016 Presidential Candidate,
2991: 917:. Halliburton gained $ 39.5 billion in "federal contracts related to the Iraq war". Many individuals have asserted that there were profit motives for the 1112:
supplied 45% of EU's gas imports, earning $ 900 million a day. In the first two months after Russia invaded Ukraine, Russia earned $ 66.5 billion from
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In the American Civil War, concerns about war profiteering were not limited to the activities of a few "shoddy" millionaires in the North. In the
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The term 'war profiteer' evokes two stereotypes in popular culture: the rich businessman who sells weapons to governments, and the semi-criminal
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and donated over $ 22.6 million to congressional candidates, as well as large profits for defense company shareholders in the post-9/11 period.
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in terms of economics, profit is the most important end. During war time, "war-stuff" is in high demand, and demands must be met. Prior to the
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a mob of 60 women and some additional men forced local merchants to charge the same price for sugar in American paper money and gold coin.
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Modern-day war profiteering among politicians has increased with the recent wars in Iraq and Afghanistan. According to an article by
1876: 733:. This revolving door has not differentiated between the two political parties. An example of this revolving door is the case of 2886: 2793: 1589: 480: 204: 2992:"Russia has made $ 66 billion from fuel exports since it invaded Ukraine - and the EU is still its biggest buyer, study finds" 2029: 715:
was a candidate for an executive position in the company while at the same time he was helping to plan the intervention. This
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Political figures taking bribes and favors from corporations involved with war production have been called war profiteers.
285:, making a profit criticized as excessive or unreasonable, also occurs in peacetime. An example of war profiteers were the 2219: 1729:
Black, Edwin. IBM and the Holocaust: the strategic alliance between Nazi Germany and America's most powerful corporation.
1656: 695:, was forced to resign in early 1862 after charges of corruption relating to war contracts. In 1947, Kentucky congressman 354:
women beat the merchant Thomas Boylston and confiscated his stock for hoarding coffee and sugar to drive up the price. In
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who sells goods to ordinary citizens. In English-speaking countries this is particularly associated with Britain during
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against profiteering merchants, there were more than thirty riots in the period between 1776 and 1779. In 1777 a mob of
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with weapons to carry out terror attacks against the Nicaraguan government between the late 1970s and early 1990s.
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who sells arms to both sides in a war. He is a recognisable example of this "type" and is specifically based on
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features a war profiteer named Harry Lime, who steals penicillin from military hospitals and sells it on the
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attempted to incite and encourage a civil war among the water tribes to make profit from selling weapons.
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acquires shares in many military supply companies and plots to instigate a world war and make a fortune.
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and other goods to parties at war. The term typically carries strong negative connotations. General
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was awarded a $ 1.7 billion contract to supply communications equipment to Afghan security forces.
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is also offered as an example of sanctioned war profiteering. On the opposing side, companies like
619: 576: 400: 103: 2599: 2360: 1615: 2481: 2142: 2079: 1396: 1370: 282: 150: 2973: 804:, United States Marine Corps, criticized war profiteering of US companies during World War I in 598:
operate illegally. More recently, companies involved with supplying the coalition forces in the
1374: 861: 359: 2941:"Exclusive: Saudi Arabia doubles second-quarter Russian fuel oil imports for power generation" 2746:"Russia's Ukraine Invasion Lifts Defense Stocks, Upends Years Of Military Austerity In Europe" 2414: 2390: 2167: 197: 2505:"Arianna Battles Liz Cheney Over Gulf Spill, Halliburton, Gaza Crisis On 'This Week' (VIDEO)" 1771: 1216:
has been called "perhaps the best known of all fictional profiteers" in American literature.
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also increased imports of discounted Russian oil. In September 2022, German Economy Minister
1069: 404: 371: 99: 55: 1265:, Colonel Mustard was a war profiteer who sold stolen radio components on the black market. 955:, Halliburton, involved in this. They, after all, were responsible for cementing the well." 2530:"$ 10,000 Invested in Defense Stocks When Afghanistan War Began Now Worth Almost $ 100,000" 2220:"WOOLSEY WATCH: Woolsey Needs to Make a Choice Between Being a War Profiteer or War Pundit" 1981: 1294: 871: 823: 708: 1151: 897:, are making millions of dollars from Iraq and Afghanistan contracts through his company, 95: 8: 3074: 2443: 1321: 1200: 1022: 763: 734: 712: 392: 347: 286: 2541: 2007: 1461: 1313: 1196: 998: 994: 948: 290: 270: 1880: 774:. CALO is an acronym that stands for "Cognitive Assistant that Learns and Organizes". 3013: 2876: 2171: 2160: 2116: 1929: 1828: 1730: 1207: 940: 572: 457: 3032:"One Reason 'The Last Jedi' Is A Masterpiece? It Shatters Our 'Star Wars' Nostalgia" 716: 3099: 2717: 2682:"Russia's Invasion of Ukraine Bodes Good Business for Arms Manufacturers Worldwide" 2033: 1756: 1752: 1354: 1073: 1042: 952: 886: 794: 552: 453: 310: 2974:"Missiles fly, but Ukraine's pipeline network keeps Russian gas flowing to Europe" 2108: 2055: 704: 3089: 3079: 2798: 2605: 1466: 1422: 1046: 905: 894: 890: 806: 684: 618:, have come under fire for allegedly overcharging for their services. The modern 358:
a mob of twenty women and three men took 218lbs of sugar from a Mr. Pitkin's. In
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Chomsky, Noam (1988). The Culture of Terrorism. Black Rose Books. pp. 111, 130.
1855: 1291:, who illegally sold post-Soviet arms to Liberia and other nations in conflict. 2854: 2223: 2104: 1333: 1253: 1241: 1235: 1226: 1081: 918: 857: 827: 818: 801: 627: 544: 528: 476: 2663:"Ukraine: the world's defence giants are quietly making billions from the war" 2581:"The War in Afghanistan Might Not Be Effective—but, for Some, It's Profitable" 2468: 1089:
was reselling its US LNG shipments to a desperate Europe at a "hefty profit".
797:, which was enacted in 1863 to combat war profiteering during the Civil War. 3068: 2415:"CNN.com - Halliburton asks employees to help defend company - Oct. 25, 2003" 2391:"CNN.com - Halliburton asks employees to help defend company - Oct. 25, 2003" 1391: 1270: 1231: 1102: 1098: 1061: 1057: 1038: 981: 976: 696: 692: 607: 523: 326: 2909:"U.S. Tells India There Will Be 'Consequences' for Dodging Russia Sanctions" 2814:"The Big 4 of agriculture unlikely to exit Russia despite mounting pressure" 289:
who allegedly sold recycled wool and cardboard shoes to soldiers during the
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From 2007, there were regularly more contractors than U.S. forces in
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Killing Hope: U.S. Military and CIA Interventions Since World War I
1416: 1212: 1195:, such profiteers were widely asserted to have existed by both the 910: 875: 851: 599: 330: 329:, for example in 2010 the defense industry spent $ 144 million on 2600:"Shell makes record profits as Ukraine war shakes energy markets" 2476: 2439:"Rand Paul in '09: Cheney pushed Iraq war to benefit Halliburton" 1489:"War profiteering and other contractor crimes committed overseas" 1065: 944: 770:, a project funded by the government military development group, 672: 642:, enormous profits were available by selling rationed goods like 611: 603: 556: 532: 547:
have been labeled war profiteers for their involvement with the
293:. Some have argued that major modern defense conglomerates like 3036: 2298: 1109: 655: 651: 623: 351: 302: 278: 2030:"Senate Judiciary Holds Hearing on Combating War Profiteering" 559:, deportation, enslaved labor, and, ultimately, annihilation. 2339:"Politics Case shines light on how war contracts are awarded" 2071:
House Subcommittee on Crime, Terrorism, and Homeland Security
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deal primarily with the United States and do not represent a
2776:"The Weapons Industry Sees the War in Ukraine as a Goldmine" 2202:"Democrats Step up Criticism of Halliburton Billing in Iraq" 1718:
SIPRI Top 100 Arms-producing and Military Services Companies
1616:"Arms Production | the Eli Whitney Museum and Workshop" 1519:"Tools of Influence: The Arms Lobby and the Super Committee" 951:. Huffington said, "We have the poster child of Bush-Cheney 1362: 767: 752: 540: 1877:"Revealed: 17 British Firms Armed Saddam with his Weapons" 997:
outnumbered US state personnel three to one. In 2016, the
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Patriotic Toil: Northern Women and the American Civil War
1986: 274: 1053:, reported sharp rises in interim revenues and profits. 967:, defense sector stocks outperformed the average of the 909:
in the Middle East." One of the top profiteers from the
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Company sold weapons to all the parties involved in the
479:(R-TX). Rep. Thornberry later passed a bill through the 269:
is any person or organization that derives unreasonable
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War profiteering, some practical aspects of its control
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is a fictional story based on the war profiteer named
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Share of arms sales by country. Source is provided by
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Person or company profiteering from war or conflict
2850:"China Sells U.S. LNG to Europe at a Hefty Profit" 2598: 2527: 2359: 2159: 1590:"The Female Food Riots of the American Revolution" 1720:Stockholm International Peace Research Institute. 567:War usually leads to a shortage in the supply of 3066: 2144:the rebellion record: a diary of American events 1681:"Meet the Defense Industry's Favorite Committee" 2056:https://www.govtrack.us/congress/bills/110/s119 1655:Hartung, William; Miles, Stephen (2015-06-01). 1056:The term "ABCD" refers to the four companies – 2562:"The Man Who Made Millions off the Afghan War" 1250:as a didactic indictment of war profiteering. 1116:, and the EU accounted for 71% of that trade. 1004: 986:include retired top-level military officers." 766:since October 4, 2011. Siri was a spin-off of 464: 461:more than 15,000 in the following four years. 2469:"Rand Paul speaks at WKU Part 2 of 5, 4-7-09" 2314:"The Members of Congress Who Profit From War" 517: 487: 346:There were a number of food riots during the 84:The examples and perspective in this article 3010:Warhogs: a history of war profits in America 2157: 2136: 2134: 2132: 1772:"Why the war in Iraq was fought for Big Oil" 1654: 1596:. New England Historical Society. 2015-03-21 403:. There might be a discussion about this on 2546:: CS1 maint: numeric names: authors list ( 2140: 850:have been criticized in the context of the 830:campaign, or the work of suspicious minds, 64:Learn how and when to remove these messages 1962:"10 companies profiting the most from war" 1564:"Food rioters and the American Revolution" 1537:"10 companies profiting the most from war" 2151: 2129: 1697: 874:of both profiting from and promoting the 423:Learn how and when to remove this message 242:Learn how and when to remove this message 224:Learn how and when to remove this message 122:Learn how and when to remove this message 2528:SchwarzAugust 16, 2021, Jon SchwarzJon. 2361:"Contractors reap $ 138bn from Iraq war" 2003:"A Software Secretary that Takes Charge" 1904:"Chinese Firm Probed On Links With Iraq" 501: 434: 365: 253: 3002: 2710: 2199: 2066: 2000: 1950:. Common Courage Press. pp. 72–83. 1821: 1561: 1516: 1093:was buying discounted oil from Russia. 934:referenced Cheney's interview with the 790:War Profiteering Prevention Act of 2007 777: 582: 14: 3067: 3012:. University Press of Kentucky, 1997, 2103: 1769: 975:could be considered a failure for the 854:for their perceived war profiteering. 841: 745: 612:Academi (formerly known as Blackwater) 341: 2166:. Cornell University Press. pp.  1901: 1746: 1517:Hartung, William (October 31, 2011). 1119: 494:List of modern armament manufacturers 2743: 2679: 2463: 1945: 1297:released their 2005 album, entitled 1123: 973:2021 Taliban takeover of Afghanistan 913:was oil field services corporation, 562: 375: 162:adding citations to reliable sources 133: 70: 29: 1822:Scahill, Jeremy (25 January 2007). 1797:"IRAQ FOR SALE: The War profiteers" 1441: 633: 321:era. This argument is based in the 24: 2921:from the original on 12 April 2022 2502: 1340:is about war profiteering and the 1309:Sherlock Holmes: A Game of Shadows 1300:War Profiteering Is Killing Us All 1154:by removing the content or adding 958: 25: 3116: 3053: 2889:from the original on 2 April 2022 2756:from the original on 8 March 2022 2725:from the original on 8 March 2022 2692:from the original on 2 March 2022 1770:Juhasz, Antonia (19 March 2013). 1628: 1497:U.S. Government Publishing Office 836:United States Sanitary Commission 45:This article has multiple issues. 3029: 2680:Bedi, Rahul (28 February 2022). 2613:from the original on 2022-12-10. 2578: 1128: 757:intelligent "personal assistant" 380: 138: 75: 34: 3023: 2984: 2966: 2951: 2933: 2901: 2869: 2842: 2824: 2806: 2786: 2768: 2737: 2704: 2673: 2655: 2635: 2617: 2591: 2572: 2554: 2521: 2496: 2484:from the original on 2021-12-12 2457: 2431: 2407: 2383: 2372:from the original on 2022-12-10 2352: 2331: 2306: 2286: 2264: 2238: 2212: 2193: 2184: 2097: 2060: 2048: 2022: 1994: 1974: 1954: 1939: 1922: 1895: 1869: 1848: 1815: 1789: 1763: 1740: 1723: 1711: 1673: 1648: 1247:Mother Courage and Her Children 1230:features an arms dealer called 1206:Fictional character Lieutenant 826:. Either the result of a Union 149:needs additional citations for 53:or discuss these issues on the 2744:Rich, Gillian (4 March 2022). 2222:. 10 July 2005. Archived from 1902:Lynch, Colum (17 March 2001). 1705:"Arms production | SIPRI" 1622: 1608: 1582: 1555: 1529: 1510: 1481: 1467:Merriam-Webster.com Dictionary 1454: 1435: 678: 13: 1: 2711:Grazier, Dan (3 March 2022). 936:American Enterprise Institute 885:has reported that US Senator 701:Committee on Military Affairs 439:Whitney's gun factory in 1827 2200:Eckholm, Erik (2005-06-28). 2115:. Los Angeles: Feral House. 2001:Markoff, John (2008-12-13). 1747:Meyer, Eugene (1917-01-01). 1631:"Eli Whitney's Other Talent" 1448:University Press of Kentucky 904:Indicted defense contractor 889:, who voted in favor of the 665: 588:Private military contractors 7: 1412:Military–industrial complex 1402:List of defense contractors 1385: 1342:military–industrial complex 1005:Russian invasion of Ukraine 883:Center for Public Integrity 784:Military–industrial complex 699:, Chairman of the powerful 498:List of defense contractors 471:Military–industrial complex 465:Military–industrial complex 443:In 1798, American inventor 317:fit the description in the 98:, discuss the issue on the 10: 3121: 781: 521: 518:International arms dealers 491: 488:Contemporary manufacturing 468: 369: 356:East Hartford, Connecticut 336: 1377:. Also, the character of 1150:Please help Knowledge to 860:, a senior fellow at the 594:, the difference is that 1429: 1350:Star Wars: The Last Jedi 1221:The Adventures of Tintin 925:to invade Iraq in 2003. 899:Tutor Perini Corporation 620:private military company 577:invasion of Iraq in 2003 481:House of Representatives 2503:TV, Huff (2010-06-06). 1757:2027/mdp.39015028305657 1397:Companies by arms sales 2067:Grayson, Alan (2007). 1946:Blum, William (2004). 1562:Clark Smith, Barbara. 862:New America Foundation 511: 440: 360:Beverly, Massachusetts 262: 3095:Political terminology 3008:Stuart Dean Brandes: 2272:"Winning Contractors" 2158:Jeanie Attie (1998). 1824:"Bush's Rent an Army" 1594:newenglandhistory.org 1256:was a war profiteer. 1011:oil and gas companies 867:, has accused former 522:Further information: 505: 438: 372:Interchangeable parts 366:Industrial Revolution 287:"shoddy" millionaires 257: 2141:Frank Moore (1865). 1856:"Bush's Shadow Army" 1295:The Suicide Machines 1152:improve this article 1039:weapon manufacturers 778:In the United States 709:United Fruit Company 583:Civilian contractors 393:confusing or unclear 158:improve this article 104:create a new article 96:improve this article 2568:. 28 February 2016. 2509:The Huffington Post 2444:The Washington Post 2085:on 29 November 2008 1751:. 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