I had the Persian Gulf War (from August 2nd, 1990-Febuary 28th, 1991). By August 1988, Iraq was bankrupt with most of its debt owed to Saudi Arabia and Kuwait. Iraq wanted both nations to forget the debts, but they refused. Iraq also accused Kuwait of driving down the price of oil, hurting more of the Iraqi economy. Iraq then invaded Kuwait on August 2nd, 1990, and there was an uprising because of it.
The war was between a UN-authorized colation force from 34 nations led by the United States and Iraq. After Iraq invaded; George W. Bush sent American troops to Sadia Arabia and told others to send their troops, also. The major parties against Iraq were the US, UK and Egypt in that order. Around US$36 billion of the US$60 billion cost was paid by Saudi Arabia. On January 17th, 1991, the war was codenamed Operation Dessert storm.
I think invading Kuwait wouldn't have helped them get out of dept because they are just spending more money on the war and digging themselves further in the hole.
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Good but brief overall.