global power changes Flashcards by hannah Unknown | Brainscape

Q

global power after 1990

A

domination of free market capitalist economy after the cold war
collapse of socialist economies in USSR and Eastern Europe
private ownership of businesses

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Q

global power in the 1940s

A

soviet union overtook Britain for GDP in 1941
bi polar world emerged by 1945
power maintained militarily, politically, economically and culturally

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Q

global power after WW2

A

US adopted economic strategies to expand their influence
^ investing in European and Asian countries
used neo-colonialism to prevent the spread of communism and influence global development
US left as a single hyperpower when soviet union collapsed in 1991, world became unipolar

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