Socks that have a performance fit and are knit using a mix of Merino Wool, Lycra Spandex, and Nylon fibers are good for walking because they provide the best first line of defense against blisters, foot fatigue, and moisture.
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Hiking boots are generally built to accommodate thicker socks for cushioning and insulation, whereas trail running or walking shoes need a thinner sock with some cushioning in higher impact areas. How thick or heavy the sock is, is usually a guide as to how warm or how much cushioning the sock will give you.
Military. The British Army and the Navy required men to wear long woolen knee highs. They were to be worn for protection in the trenches, preventing foot rot. Many women sent long knitted socks to the troops during both World Wars.