Cold War Flashcards
Cold War
~50-year, Non-fighting war between countries with Communist and Mixed Economies
Communism(Command Economy)
~The government completely controls the economy.
~NO private ownership of nothing: -Hot Water
~Ex. Soviet Union, North Korea, China, and Cuba.
Capitalism(Market Economy)
~Private ownership of everything.
~Buyers and sellers decide what gets made and who gets what
~Laissez Faire
~Cold Water
Mixed Market Economy
~Some private and some government ownership.
~Mix between CE & ME
~Ex. The USA, Great Britain, Canada
Containment
~Stop the spread of Communism
Truman Doctrine
~ U.S. will help any country resisting Communism
Marshall Plan
~ U.S. plan to Rebuild Europe after WWII.
~Anti-Communist Plan
Berlin Blockade
~Soviets cut off access to West Berlin.
~Has nothing to do with the Berlin Wall *chant!
Berlin Airlift
~ U.S. & Great Britain dropped supplies into West Berlin during the blockade.
Berlin Wall
~ Soviet-built wall dividing East and West Berlin.
NATO
~American Military Alliance against the Soviet Union and Warsaw Pact.
Warsaw Pact
~Soviet Military Alliance against the U.S.A. & NATO.
Korean War
~Containment operation in Korea-1950 to 1953
Domino Theory
~If one country falls to communism, others will too.
Arms Race
~Competition for the most destructive weapons.