Cold war Flashcards
- Economic systems - Roots of cold war - Goal of USSR
Command Economy
Government controls all production - NO private ownership
Mixed Economy
Government controls major industries, allows for some private businesses and ownership
Market Economy
NO government control - Economy is driven by supply and demand - private business owners determine what to produce, how much to produce, etc.
Traditional Economy
connected to tradition/inheritance. Tribal, communal, produce for community. Not profit driven
Cold war (define)
conflict between the US and the USSR to become the #1 superpower in the world.
- War based on threats, no physical fighting, fear of a nuclear attack, propaganda
USSR Goal
Spread Communism
Was communism Successful? (politically)
No, suppressed peoples freedoms
Was communism successful? (Economically)
No, Eastern/Soviet bloc countries couldn’t produce enough for their people.
USA Goal
Spread Democracy
Was Democracy successful? (politically)
Yes, allowed people political freedom and social reforms. Created free/open elections
Was Democracy Successful? (Economically)
Yes, allowed for the private ownership of businesses. Allowed people to be driven by profit.
Containment (define)
Foreign policy of the US during the Cold war (Containing the spread of communism)
Truman Doctrine
providing military and financial aid to Greece and Turkey. Purpose was to prevent the influence/spread of the USSR/communism
Marshall Plan
economic plan to provide aid to Western Europe/Democratic nations to rebuild their economies post WWII. Goal again is to spread democracy and contain communism.
NATO
unified Western Democratic nations (from West Germany to the West, plus US and Canada). Create an alliance system to defend one another in the event of a Soviet attack.