Unit 8 Cold War & Decolonization

Question 1

Cold War

Answer 1

Ideological struggle between the capitalist United States and communist Soviet Union.

Question 2

Capitalism

Answer 2

Private businesses own the means of production & market determines production and pricing.

Question 3

Communism

Answer 3

Means of production, distribution, and exchange are owned collectively. Classless society.

Question 4

After WW2, ________ & ________ became super powerful.

Answer 4

United States & Soviet Union

Question 5

Why did the U.S. & Soviet Union become powerful?

Answer 5

Economic and Technological Advancements

Question 6

Economic Advantages of the U.S.

Answer 6

WW2 increased U.S. wartime production → boosted economy → global power shifted toward them.

Question 7

Marshall Plan

Answer 7

Billions of dollars in aid to rebuild Western Europe, aiming to prevent the spread of communism in Europe.

Question 8

Soviet Economy

Answer 8

Faced challenges after the war but recovered through state controlled businesses, heavy industry, natural resources, etc.

Question 9

Technologies in both U.S. & Soviet Union

Answer 9

Developed the atomic bomb → showed their power.

Question 10

Arms Race

Answer 10

Competition to develop nuclear weapons, leading to a buildup of nuclear weapons and a heightened risk of nuclear war.