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Global arms spending hits 204 billion in 1969 70
The United States Arms Control and Disarmament Agency reports world military spending peaked near 204 billion dollars for 1969 70, viewed as equivalent to a year’s output by the world’s poorer half. Though up from prior year, the rise is the smallest in years with indications the share of GNP devoted to defense is easing slightly.
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United States Arms Control and Disarmament Agency
Disarmament Agency
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