Cold War Flashcards
Cold War
50 year, Non-fighting war between countries with communism & Mixed Economies
Communism (Command Economy)
Government completely controls the economy No PRIVATE OWNERSHIP OF ANYTHING
Capitalism (Market Economy)
Private ownership of everything—buyers and sellers decide what gets made & who gets what—laissez-faire
Mixed Market Economy
Some private & some government ownership, A mix between command and market economies
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
Berin Blockade
Soviets cut off access to West Berlin
Berlin Airlift
U.S. and Great Britain dropped supplies into West Berlin during the Berlin Blockade
Berlin Wall
Soviet-build wall dividing East and West Berlin
NATO
American Military Alliance against The Soviet Union & Warsaw Pact
Warsaw Pact
Soviet Military alliance against the U.S.A and NATO
Korean War
Containment operation in Korea—1950-1953
Domino Theory
If one country falls to communism, others will too. They will fall “like dominos.”.
Arms Race
Competition for the most destructive weapons