War profiteering

A war profiteer is any person or organization that profits from warfare or by selling weapons and other goods to parties at war. The term can have strong, negative connotations. General profiteering may also occur in peace time. An example of war profiteers were the "shoddy" millionaires who allegedly sold recycled wool and cardboard shoes to soldiers during the American Civil War. The ten highest war profiteers are Lockheed Martin, Boeing, BAE Systems, General Dynamics, Raytheon, Northrop Grumman, European Aeronautic Defense and Space Company EADS, Finmeccanica, L-3 Communications, and United Technologies. These corporations are all directly connected with production of weapons, machinery, vehicles, aircraft, electronics and artillery(including missiles) and as such have significant political influence given their lobbying efforts and campaign contributions to members of the United States Congress in the promotion of war efforts. In 2010, the defense industry spent $144 million on lobbying and donated over $22.6 million to congressional candidates.

With ease of massive manufacturing in the Industrial Revolution, the foundations for creating weapons on a massive scale was introduced. The introduction of interchangeable parts and pre-manufactured models was popularized to assemble muskets, making it easier for unskilled workers to produce larger numbers of weapons at a much lower cost. Before the industrial revolution, gun-making was considered a skilled craft as most weapons were handmade, thus making it hard to repair and replace parts.

In 1798, American inventor Eli Whitney 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 John Adams and Thomas Jefferson. 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 Merritt Roe Smith 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 8 years, and later produced more than 15,000 in the following 4 years.

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