Cold War Flashcards
Cold War
50 year, non-figthing war between countries with communist & mixed economies.
Communism
the government completely controls the economy, no private ownership of anything, command economy
Capitalism
no rules, private ownership of everything. Laissez-faire, Market economy. (complete opposite of communism)
Mixed Market economy
some private & some government ownership. A mix between command & 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 WW2
Berlin Blockade
soviets cut off access to West Berlin
Berlin Airlift (response to Berlin Blockade)
U.S. and Great Britain dropped supplies into West Berlin during the Berlin Blockade.
Berlin Wall
Soviet-built wall divided East and West Berlin
NATO
American Military Alliance against The Soviet Union & Warsaw Pact
Warsaw Pact
Soviet Military alliance against The U.S.A. & NATO
Korean War
Contianment 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