1 Flashcards
(16 cards)
What is the Cold War?
A period of geopolitical tension between the Soviet Union and the United States after World War II
It was characterized by political, military, and ideological rivalry.
Who is Karl Marx?
A philosopher, economist, and revolutionary socialist known for his theories on capitalism and communism
His works include ‘The Communist Manifesto’ and ‘Das Kapital’.
Who is Adam Smith?
An economist and philosopher known as the father of modern economics
His seminal work is ‘The Wealth of Nations’.
What is a key principle of Communism?
Puts the needs of the state over the needs of the individual
It emphasizes collective ownership and the distribution of resources.
What is a key principle of Capitalism?
Puts individual needs first
It emphasizes private ownership and free markets.
What do both Communism and Capitalism profess?
To guarantee the best way of life
Each ideology claims to provide a superior economic and social system.
What is the relationship between Communism and Capitalism?
Increased competition between the two
This rivalry has shaped global politics and economics.
What was the primary goal of the Containment Policy?
To stop the spread of communism
The Containment Policy was a strategic approach adopted by the United States during the Cold War.
What was the purpose of the Marshall Plan?
To provide financial assistance to countries resisting communism
The Marshall Plan aimed to aid European recovery after World War II.
What significant doctrine was established in June 1947?
The Truman Doctrine
This doctrine provided military assistance to countries threatened by communism.
When was the Truman Doctrine announced?
March 12, 1947
This date marks the formal announcement of U.S. support for countries resisting communism.
How much financial assistance did President Truman request from Congress?
$12.5 billion
This funding was intended to assist Greece and Turkey against communist threats.
What act established the Department of Defense and the National Security Council?
National Security Act
This act was created in 1947 to reorganize U.S. military and intelligence operations.
Who was the Soviet leader from 1922 to 1953?
Joseph Stalin
Stalin was known for his brutal regime and significant impact on the Soviet Union’s policies.
What term describes the division between communism and capitalism as mentioned by Winston Churchill?
Iron Curtain
Churchill’s term highlighted the ideological divide in Europe during the Cold War.
Who succeeded Joseph Stalin as the leader of the Soviet Union?
Nikita Khrushchev
Khrushchev denounced Stalin’s policies and played a significant role in the Cold War.
