WORLD HISTORY

COLD WAR ERA

IMPACT OF 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: -The economy is controlled by individual people, not by the government. The United States is a capitalist, market economy.

Detailed explanation-3: -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-4: -Soldiers of the Soviet Union and the United States did not do battle directly during the Cold War. But the two superpowers continually antagonized each other through political maneuvering, military coalitions, espionage, propaganda, arms buildups, economic aid, and proxy wars between other nations.

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