Definitions for peace dividend
This page provides all possible meanings and translations of the word peace dividend
Random House Webster's College Dictionary
money cut by a government from its defense budget as a result of the cessation of hostilities with other countries.
an economic benefit gained from a reduction in defence spending, especially a fund of public money that would be available for other purposes
Peace dividend is a political slogan popularized by US President George H.W. Bush and UK Prime Minister Margaret Thatcher in the early 1990s, purporting to describe the economic benefit of a decrease in defense spending. It is used primarily in discussions relating to the guns versus butter theory. The term was frequently used at the end of the Cold War, when many Western nations significantly cut military spending.
Find a translation for the peace dividend definition in other languages:
Select another language:
Discuss these peace dividend definitions with the community:
Use the citation below to add this definition to your bibliography:
"peace dividend." Definitions.net. STANDS4 LLC, 2014. Web. 28 Jul 2014. <http://www.definitions.net/definition/peace dividend>.