conflicting ideologies Flashcards
Jan 1945
Most Eastern European states are liberated by the Soviet Union
Feb 1945
Yalta Conference
April 1945
Roosevelt dies; Hitler commits suicide
May 1945
the war in Europe ends
July 1945
Churchill is defeated in the General Elections; successful test of the USA’s atomic weapon
July / Aug 1945
Potsdam Conference takes place
August 1945
2 atomic bombs are dropped on Japan at Hiroshima and Nagasaki
Sept 1945
Japan agrees to an unconditional surrender to American forces
who were the leading capitalist democracies when WW2 broke out?
the USA and Britain
what was the cornerstone of all American capitalist thinking?
the belief in the individual’s fundamental right to liberty
how was the fundamental right to liberty be protected?
protected by the government, but only through limited controls
what did the fundamental right to liberty mean to Americans?
every citizen should have equal opportunities but not equal outcomes
what was liberty based on?
free market economies
free market economy definition
an economic system in which the prices of goods are set by the forces of supply and demand, and competition is allowed through minimal interference by the state
what does free market economies enable?
competition and the free exchange of goods to take place with minimal government intervention