USA HISTORY

THE COLD WAR 1950 1973

THE COLD WAR

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
Which nation maintained a capitalist economy during the Cold War?
A
East Germany
B
Poland
C
The Soviet Union
D
The US
Explanation: 

Detailed explanation-1: -The United States had a capitalist economy, where property usually belongs to individuals. The United States and the Soviet Union competed for world power. Leaders of both countries worried that the other would use the atomic bomb to turn the Cold War into a real war.

Detailed explanation-2: -In a capitalist state, the economy is largely free from state control, while the government is democratically elected and freedom of speech is cherished. In contrast, a communist state is administered from the centre, with control of the economy and society strictly in the hands of the Communist Party-led government.

Detailed explanation-3: -Initial member-states of the North Atlantic Treaty Organisation (NATO) included the United States and all five Brussels treaty nations, Canada, Denmark, Iceland, Italy, Norway and Portugal. Several countries were invited to join NATO but refused, including Finland, Ireland, Sweden and the ever-neutral Switzerland.

Detailed explanation-4: -The term “Cold War” became a shorthand to describe the ideological struggle between capitalism in the West and communism in the East. American journalist Walter Lippmann popularized the term in a series of articles in 1947 as nations chose sides in the standoff.

There is 1 question to complete.